💩 People are Getting Paid in Crypto to Take a Sh*t

Seedphrase Daily 👋 The crypto cure to your weekend hangover.

Today's Agenda 📓:

• 💩 People are Getting Paid in Crypto to Take a Sh*t

• 💎 How Blockchain is Transforming the Diamond Industry

• 💰 ETH is giving Away up to $1,000,000

The Real Shitcoin

Professor Cho Jae-Weon at the Ulsan National Institute of Science and Technology in South Korea created eco-friendly toilets. He calls them BeeVi.

These toilets connect to a lab and use poo to produce fuel and manure.

The energy is then used to power devices in the building, such as stoves and boilers.

Vote: Is this futuristic recycling, or just plain nasty?

How it Works 🚽

No matter the size, every time a student takes a dump, they earn 10 $Ggool. 

Students can then use the currency to purchase anything on campus. Right now, $Ggool cannot be bought or mined anywhere outside the sewage system of the South Korean university. But if you're a student there, you could be cashing out every time you eat taco bell.

Poo to Earn > Play to Earn.

Turning Diamonds Into a Commodity 😱

The diamond market is worth $1.2T, larger than almost all precious metals combined.

Problem with diamonds: they are not considered a commodity investment, unlike gold or oil which are linked to hedged goods (cash and stocks). Diamond's lack transparency in supply and demand, making it hard to establish a standard of value.

That plus high transaction costs and the need to physically transfer diamonds creates too much friction for investors.

But don't you worry my friends. Blockchain has entered the chat.

Transformation of an Industry. 📈

Diamond Standard, a new exchange on the Ethereum network, provides investors with a diamond-backed digital currency that finally standardizes the value and liquidity of diamonds.

They also have physical coins and diamonds stored in their vault.

The benefits of tokenized commodities 👇:

• Through blockchain, ownership can be easily transferred as physical transportation of diamonds won't be essential.

• Transparent transactions: activity is securely documented on the blockchain, making the value of diamonds transparent for the firs time.

• A store of value that is accessible 24/7 with approved options and futures for the first time

Every single transaction is open to the public and with forced transparency it makes it harder for the value to be lost or inflated.

They've already brought in $100M in investments and have their sights on the rest of the diamond market.

Check them Out, Get that Bag.

Are you a coder? Or want to have a crack at winning up to $1M?

Right now, the ETH foundation is offering people rewards up to $1M if they can find bugs in the ETH network before the merge.

If you're none of the things listed above, then this is just reassurance that the team behind the merge is doing everything they can to make it go smoothly.

⚜️Golden Nugget: Watch out for the updates leading up to the merge. If there's turbulence, it will cause a greater sell-off.

On the other side, if everything goes well, we could be in for a short-term pump.

🌱 NewSeeds

Bitcoins slips below $20,000 after fed chair's comments in Jackson hole 10k here we come. 🎢

Solana now has a beer with DeGods, Okay Bears and other NFTs on the can. DeGod beers with the boys. 🍻

Most of the responses to Joe Biden's crypto executive order are due next week. Find out next time on Dragon Ball Z. 🐉

If you learned something share with a cousin, relative or someone you love :)

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research