The Seed Phrase Blunder, Coinbase CEO's Vision, and More

Hey, crypto swaggers. Welcome to OWLSOME —a place that makes crypto more fun than watching your favorite movie.

Make sure to empty your mind before you read, cause there’s a lot you can take here today.

The Market’s Pulse

Bitcoin fell to the $26k-ish level after briefly posing at $28,000. (Think about- Surprise…surprise motherfukr)

2-minute silence for liquidated traders-PLEASE

Talking of the biggest news:

Solana has made it…

Solana has had 100% uptime since March 1st, 2023. That is 6 months of uptime without even 1 second of downtime.

Holy chicken!

Can’t express how big a deal it is for Solana, given its prior performance of frequent outages.

Kudos to the team!

Well, let’s move to the heart of the discussion now!

Note: Today’s content can be funnier than Kim Kardashian’s Met GALA look.

Inspired by John Cena—Yes, you can’t see her.

What are we covering today?👇

• Crypto Influencer accidentally reveals his seed phrase on a stream, and loses everything.
• CoinBase CEO’s top 10 crypto ideas
• Top headlines of the week!

Crypto Influencer loses everything exposing his seed phrase

Ivan Bianco— a Portuguese crypto influencer did a praise-worthy job when he accidentally presented his seed phrase in a live stream.

Here’s the back story…

• He was trying to show his followers how smart-ass he was…by showing his DeFi earnings
• Then he tried to access his Gala account (crypto-gaming stuff). He wasn't with his phone and had to open a password file to actually make the login.
• And it was at this moment he knew that he Fooked up.

Events after that:

• He then quickly ended the stream, saying “I Fu*cked up big time”. Flashed to save his wallet, however, it was already emptied. (It had ~$50k)
• Then he started another stream with tears rolling over his white cheeks.

"He stole everything man, the money of a lifetime. I can't believe I did this, that I screwed this up"

He then begged the thief to return his money, cause he wouldn’t have money to pay his bills.

Fortunately, the thief didn’t like Ivan’s crying and returned part of the stolen funds.

No one knows how much, though.

Hope the influencer’s mother is not proud of him.

P.S.- Never store your seed phrases on a Desktop, let alone stream it for the world.

Coinbase CEO’s top ideas that he urges devs should work on.

Who doesn't know Brian Armstrong? The CEO of CoinBase.

Or the man with a head that shines as if it’s the ‘Lil brother of the sun’.👩‍🦲

He has shared 10 lovely crypto ideas in his Twitter thread.

Let’s see what’s brighter, *his head or his ideas. (*Drumrolls 🥁)

• Idea 1: Flatcoin

  Flatcoin according to him would be a decentralized stablecoin that tracks inflation to preserve purchasing power.

  Existing projects like Ampleforth and Truflation offer similar approaches.

• Idea 2: On-chain Reputation

  The on-chain reputation would work similarly to Google’s PageRank, which assigns scores to wallet addresses or ENS names based on-chain activity.

  Genius, Isn’t it?

• Idea 3: On-Chain Ads

  On-Chain Adwords: Armstrong highlighted "on-chain ads," a Web3 version of advertisements that pay based on on-chain actions, in contrast to traditional Web2 ads that rely on views or clicks.

  These ads could have smart contracts for payouts and user-selected ads.

• Idea 4: Onchain Job/ Task marketplace for crypto.

  I’m not explaining this.

• Idea 5: Privacy for Layer 2

  Concept: Under this one private transactions will be pulled to L2s instead of having them only on public blockchains like Ethereum.

• Idea 6: Fully on-chain P2P exchange

  Concept: An exchange that functions without any intermediaries and allows users to trade directly with each other. I’ve been waiting for something like this for years now. Let’s hope it happens soon.

• Idea 7: On-chain Games

  Anyone needing an explanation for this one, ‘Why are you even reading this’.

• Idea 8: Real-world asset tokenization.

  If you want an explanation on this one, please go suck your thumb.

• Idea 9: Network States:

  He proposed developing tools for startup cities and communities to manage governance, voting, taxes, and services on-chain, making these processes more transparent and efficient.

And the award for the Brightest head goes to— None other than Mr. Brian!

Hurray! Drum rolls.

Top Headlines of the week

• SEC delays decision for BlacRock’s spot Bitcoin. ( IMO They’re scared of the biggest bull run😏 )
• US judge dismisses lawsuit against Uniswap for offering scam tokens to trade. (Salute the judge'🫡)
• A win: The Colorado Department of Motor Vehicles now accepts cryptocurrency for online services. In the summer of 2022, Colorado became the first state to accept cryptocurrency as payment of state taxes and fees.
• Coinbase and PayPal join hands to offer crypto transactions in Europe
• BlackRock is the major shareholder in 4 out of the 5 largest Bitcoin mining companies (So, that's how the Big guns play)

That’s all for ya, today. Enjoy the funniest memes below.

Let’s meet next Tuesday with a funny breakdown of a project with huge potential over the next Bull Run.

Funniest memes on the planet

When they try to convince me that crypto is a scam

Crypto Bears when they think of the next Bitcoin halving

Also published here.