Welcome to the Graveyard Shift Weekly Recap. The goal of these blog posts is to provide context going into each weekend's graveyard shift twitter spaces.
Yes you can mint the article for under $10 if you would like and that is more to support our efforts each week and make the twitter spaces better. How to use mirror on Optimism
- Go to Hop Exchange Bridge
- Send a small amount of ETH to Optimism Layer 2 from ETH mainnet (EXAMPLE)
- Navigate to the GraveyardShift mirror
- Select any blog entry
- Connect your wallet to mirror and switch to the optimism network when prompted by metamask
- You will now see the small amount of ETH you sent to the Layer 2 and you can mint the article
- Congrats you now have a NFT on OP and you might get an airdrop in the future for using OP
Tweet of the day
Monday
Tuesday
Wednesday
Thursday
Friday
Squirt11es Thoughts
Tornado cash… Overall I believe this overreaction from the treasury will be an overall good for the space. By moving too quickly and banning a smart contract without understanding the technology just gave pro crypto regulators a ton of ammo.
During debates on this subject the anti crypto regulators now have to acknowledge you can’t ban a smart contract outright and anyone who interacts with that contract. We saw many large personalities in crypto get sent .1 ETH to their wallets after the ban of tornado cash. Resulting in some defi frontends having to block people who have interacted with tornado cash.
Perfect example of why we need clear free speech laws relative to crypto, this is an ecosystem where anyone can make contracts and anyone can send crypto to any address. Strict bans for anyone interacting with a chunk of code don’t work.
Then we start the conversation around punishing developers for writing privacy focused technology. Government banning code should be a huge red flag, it’s not even constitutional. Lots of reasonable use cases exist for privacy in crypto.
If there was ever a time to look for pro crypto regulators and support their efforts, now is the time. Luckily crypto has a super power, it’s money. Meaning if you have money you can influence politics. It’s the reality of the US political machine, the crypto ecosystem has more power than it realizes.
Phibacka31 Thoughts
Back to Work- This past week was my first week back for year 10 at the same school. It’s pretty crazy how time flies. The week in itself was pretty good, but I’ll be honest. I’m worried I’m going to miss out. I may miss the random free mint that goes to .5. I may miss a great collaborative opportunity that could push my “career” forward in the Web3 space. I could be forgotten.
It’s easy to get caught up in these negative thoughts when you are not as in touch with the day to day within this space. Things move a million miles a minute. People and projects come and go as fast as the weather changes in Texas. Try to focus on things and energy that you can control.
Though I wish I could work full time in Web3, it is not realistic at this point in my journey. Doesn’t mean it won’t soon come, but I must be patient.
What can YOU DO? - This is something that has really been on my mind over the past few weeks. How are WE collectively helping grow the space? It’s easy to complain about the rug pulls and low liquidity. It’s even more safe and fun to sit in Twitter spaces together every night and “shoot the shit”. I can promise you this space will grow at a snail’s pace if we don’t at least attempt to share the works and projects we’ve collected.
It doesn’t mean you have to be a door to door sales person. It doesn’t even mean you have to mention the word NFT. You can simply share your favorite art from the artist you recently stumbled upon. There will be people that want more information. That is when you start talking about crypto/NFTs and their place in Web3.
Something I have done is to print out a bunch of my favorite 1/1 art and edition artwork to hang in my classroom. There’s a good chance no conversation on NFTs comes up with my students, but if it does - I’ll be ready.
Dontfeedwolfeth Thoughts
Ethereum kicking ass, Merge looks great, but NFT volume (at least on ETH, layer 1) is DEAD. But it isn’t just one projects, or a few.. It’s pretty much across the board and even the precious “blue chips” aren’t looking so hot.
But the real big DEBATE this week was over royalties. Beepl had a pretty fire response, but Punk6529 laid it out very well too. Also Zeneca wrote a good letter and I especially loved the part about royalties being like tipping in the US. It’s not against the law to not tip, but there is a heavy social law surrounding it and most people tip at least 15-20%.
No matter where people stand on this topic and especially right now while Market for NFTs is down and a lot of people are looking to exit their positions.. Just understand this.. Removing royalties only hurts the ‘little guys.’ There are some big institutions and corporations already in this space who have had 0% royalties long before this debate was even a thing.. They aren’t sweating the royalties. Those who are, are the ones most of you pretend to champion or care about and say you support, until the chips are down and everyone is sweating the illiquidity of this market.
