When I followed up with Cuban after the Luna debacle, his optimism was undiminished. The crypto market highly correlates to the NASDAQ, he said. Three of the most heavily invested stocksApple, Amazon, and Facebookhave lost more in market cap than the entire value of the crypto market. No one is questioning whether Apple would be a good partner after it lost $400 billion or so in market cap. This is the way markets work.
Maybe But Apple has actual products. The crypto space, after over ten years of development, has little to offer beside database entries, ugly avatars, risky trades, and a portfolio of vaporware. Plusand here I must again editorializethe DeFi sector looks to me like a ticking bomb. Last Thursday, Tether, another widely-used stablecoin that attracts users looking for yield, briefly broke its peg to the U.S. Dollar. It recovered quickly, but many observers agree that a run on stablecoins could lead to a chain of cascading failure. If things start to unravel, it could be potentially catastrophic for the industry, one analyst told CNBC. This is the way markets dont work.
I must admit that, before the crash, I enjoyed seeing my altcoin portfolio appreciate. I also accumulated a fair amount of interest, scored some Cronos kickbacks, and was comped a month of Spotify. I still didnt really understand why cryptocurrency was so expensive, or complicated, but it felt good to be a joiner. In that way, Matt Damon was right.
Looking to commune with the tribe, I visited the long-running CryptoMondays meetup in Venice Beach about a month before the crash. We met under patio lights in the parking lot of an upscale Mexican restaurant, which had been converted, during the pandemic, into an outdoor bar. Id been to a similar event, years earliera total sword fight, where feverish dweebs lectured one another about distributed ledgers. Since then, crypto had enjoyed a social upgrade: In Venice, the attendees were diverse, funny, smart, beautiful, and cool. I felt like I was in a vodka commercial.
No one I spoke to could remember who first organized the eventone attendee told me it was spontaneous, or decentralized. Some of the participants had been coasting for years on the proceeds of their swollen Bitcoin wallets; others, like me, were just getting started. I talked with a recent college grad and former javelin thrower. Jacked and bro-adjacent, he belonged to the demographic that Crypto.com refuses to admit it targets, but when I asked him about the company, he scoffed. No one I know uses it.
You know, what hes doing is smart, he said of Marszalek. Youve got blockchain companies that have been around since 2013, and they dont even have a marketing officer. Other companies are building technology, but theyre investing in glamour.
Similarly dismissive was Jackie Peters, a stylish entrepreneur who is building a blockchain--enabled dating app called Trust! (The app will use Web3 technology to restore authenticity to online dating.) Peters was still in the process of selecting which blockchain she would use, but Cronos was not a contender. Theres nothing on there, technically, that would attract me, she said. Im thinking of using a blockchain called Avalanche.
Of the dozen or so attendees I spoke with, only Apu Gomes, a Brazilian photographer, had any direct experience investing with Crypto.com. Gomes, who was looking to market NFTs of his photographs, was also a small-time speculator. In the weeks after Damons commercial first aired, Cronos had quintupled in value. The companys next commercial, which featured LeBron James, ran during the Super Bowl. It went down, Gomes said. I sold it to buy Solana.
Many of the attendees seemed to be nursing hangovers. That was thanks, in part, to Audrey Pichy, an organizer of NFT/LA, which had concluded earlier that week, and which billed itself as an epic IRL conference fused with immersive metaverse integrations and L.A.s robust nightlife scene. Pichy, who was born on the Caribbean island of Guadeloupe, wore a leather jacket, and bounced from side to side in excitement as she spoke. Up until a month ago, we werent even sure how many people were going to show. But 4,000 people came!
Read more from the original source:
Crypto.com Spent Its Way to the Top. Then the Market Crashed. Now What? - GQ
- White People Are Going to Colonize Mars, and Other Fears From Today's Campuses - Tablet Magazine - January 5th, 2024 [January 5th, 2024]
- Bizarre yogurt experiment could be key to colonizing Mars but there will be disgusting consequences, say... - The US Sun - January 5th, 2024 [January 5th, 2024]
- SpaceX Must Build 1,000 Starships In 10 Years To Reach Mars Goal. So Far, 0 Starships Have Made It To Space - Jalopnik - January 5th, 2024 [January 5th, 2024]
- A Science Fiction Writer in Space: Sands of Mars by Arthur C. Clarke - tor.com - June 30th, 2023 [June 30th, 2023]
- Increase your crypto portfolio performance 10X in 2023 with ... - Analytics Insight - June 30th, 2023 [June 30th, 2023]
- Happy Birthday Elon Musk: Spotlight on the Remarkable Life of a ... - Transcontinental Times - June 30th, 2023 [June 30th, 2023]
- Jony Ive's latest gig is the seal for King Charles's space project ... - AppleInsider - June 30th, 2023 [June 30th, 2023]
- Top 5 Technologies That Will Make Mars Habitable - Jumpstart Media - May 28th, 2023 [May 28th, 2023]
- 10 Best Paradox Interactive Games - TheGamer - May 28th, 2023 [May 28th, 2023]
- Hanwha propels Nuri rocket project - The Investor - May 28th, 2023 [May 28th, 2023]
- Do Androids Dream of Terrible Streets? | Compact Mag - Compact Mag - May 28th, 2023 [May 28th, 2023]
- All about Mars colonization and news 2023 - From Space With Love - March 4th, 2023 [March 4th, 2023]
- New NASA Nuclear Rocket Plan Aims to Get to Mars in Just 45 Days - January 23rd, 2023 [January 23rd, 2023]
- Mars - Wikipedia - January 22nd, 2023 [January 22nd, 2023]
- Mars Gives Snow an Alien Twist - The Atlantic - January 22nd, 2023 [January 22nd, 2023]
- Will China's Zhurong Mars rover wake from worrying hibernation ... - January 22nd, 2023 [January 22nd, 2023]
- A Mars rover scientist is about to scale carbon-oxygen batteries - January 22nd, 2023 [January 22nd, 2023]
- Next Mars Orbiter - Wikipedia - November 25th, 2022 [November 25th, 2022]
- Occupy Mars: The Game on Steam - October 25th, 2022 [October 25th, 2022]
- Life on Mars - Wikipedia - October 25th, 2022 [October 25th, 2022]
- Coeur dAlene student selected to be on the first high school-aged team to train in the Mars Desert Research Station - KREM.com - October 25th, 2022 [October 25th, 2022]
- Marscoin - October 23rd, 2022 [October 23rd, 2022]
- How Elon Musk used sci-fi and social media to shape his narrative : It's Been a Minute - NPR - October 17th, 2022 [October 17th, 2022]
- New ghost tour unearths the grisly side of Old Montreal this Halloween season - The Suburban Newspaper - October 17th, 2022 [October 17th, 2022]
- Competing in the new 'Space Race' - Royal Aeronautical Society - October 17th, 2022 [October 17th, 2022]
- The Martian (film) - Wikipedia - October 13th, 2022 [October 13th, 2022]
- Elon Musk Racing To Colonize Mars, He Says This Will 'Destroy All Life On Earth' - PayPal Holdings (NASDA - Benzinga - October 13th, 2022 [October 13th, 2022]
- The Origin of the Hollow Earth Theory - History of Yesterday - October 13th, 2022 [October 13th, 2022]
- Why sending a Native American into space is a big deal - WBUR News - October 13th, 2022 [October 13th, 2022]
- Going to Space Will Not Save Us - Jezebel - October 13th, 2022 [October 13th, 2022]
- Its Science Over Capitalism: Kim Stanley Robinson and the Imperative of Hope - The MIT Press Reader - October 13th, 2022 [October 13th, 2022]
- Dubais space center to simulate life on Mars in the Metaverse - Al Arabiya English - September 20th, 2022 [September 20th, 2022]
- Cosmic Cowboy is a space odyssey for 2022 - The Boston Globe - September 20th, 2022 [September 20th, 2022]
- Trump pushed for nuclear testing on the moon during final months of presidency - Salon - September 11th, 2022 [September 11th, 2022]
- Whitest Kids U Know Wrapping Production on Animated Movie Mars, Final WKUK Project After Trevor Moores Death - Variety - September 11th, 2022 [September 11th, 2022]
- NASA has created oxygen from the atmosphere of Mars, will the dream of colonizing now come true? - News84Media - News84Media.com - September 11th, 2022 [September 11th, 2022]
- Here Are The Top 7 Space Organizations Of The World! - Jagran Josh - September 11th, 2022 [September 11th, 2022]
- Frank Drake's Legacy, Or: Are We All Alone In The Universe? - Hackaday - September 11th, 2022 [September 11th, 2022]
- Deliver Us Mars Tugs on the Heart Strings in New Story Trailer - Push Square - August 25th, 2022 [August 25th, 2022]
- New water map of Mars shows potential landing spots on the planet - TNW - August 25th, 2022 [August 25th, 2022]
- Stranded: Alien Dawn is the next game from the Surviving Mars devs - Shacknews - August 25th, 2022 [August 25th, 2022]
- Launches: Life in Venus clouds? Rocket Lab to check - EarthSky - August 25th, 2022 [August 25th, 2022]
- How Europe's Space Industry Could Blast Off - Center for European Policy Analysis - August 25th, 2022 [August 25th, 2022]
- STARMUS V: Lunar dust allergy, alternatives to planet Earth and how the festival came to Armenia - ARMENPRESS - August 25th, 2022 [August 25th, 2022]
- When will the first baby be born in space? - Buffalo News - August 25th, 2022 [August 25th, 2022]
- 20 Best Xbox One Space Games To Explore The Great Unknown - Gameranx - August 25th, 2022 [August 25th, 2022]
- Japanese craft brewery and tech company to simulate making beer on Moon and Mars - SoraNews24 - July 29th, 2022 [July 29th, 2022]
- The Moon Archive Meant To Preserve Life On Earth - Twisted Sifter - July 29th, 2022 [July 29th, 2022]
- Fireside Chat With Everdome CEO Robert Gryn on the Nurturing of the Metaverse in a Hyperrealistic Format - Tech Times - July 29th, 2022 [July 29th, 2022]
- More People Need to Watch The Best Sci-Fi Show on Prime Video - CNET - June 30th, 2022 [June 30th, 2022]
- The CAPSTONE Mission Launches A New Era In The Colonization Of The Moon - Science 2.0 - June 30th, 2022 [June 30th, 2022]
- Bedu announces its second curated art drop - My Startup World - June 30th, 2022 [June 30th, 2022]
- Mykhailo Federov wishes Elon Musk on his birthday, says 'whole world has chance to live' - Techstory - June 30th, 2022 [June 30th, 2022]
- From Autonomous Cities to US Presidency: The Future Is Now Film Shows What Blockchain Leaders Think About Governance - Geeks World Wide - June 24th, 2022 [June 24th, 2022]
- Elon Musk Plans To Launch Thousands of 394 Feet Tall Rockets To Mars - Wccftech - June 11th, 2022 [June 11th, 2022]
- For All Mankind season 3: everything we know - What To Watch - May 25th, 2022 [May 25th, 2022]
- 5 Up-and-Coming DOGE Projects that Might be Worth Your Money - NewsBTC - May 25th, 2022 [May 25th, 2022]
- My idea for a new era: The town hall from TED2022 - TED Blog - May 25th, 2022 [May 25th, 2022]
- Elon Musk Sounds Alarm Over 'Population Collapse' Again - Benzinga - Benzinga - May 25th, 2022 [May 25th, 2022]
- Star Wars: How The Movie Would Have Changed With George Lucas's Original Script - Zyri - May 25th, 2022 [May 25th, 2022]
- LongHash Ventures Partners With Protocol Labs to Launch the Third LongHashX Accelerator Filecoin Cohort - Crypto Briefing - May 25th, 2022 [May 25th, 2022]
- Why we should colonize Mars (and other planets and the satellites too) - May 23rd, 2022 [May 23rd, 2022]
- Chinese rover makes surprise discovery about liquid water on Mars - Big Think - May 23rd, 2022 [May 23rd, 2022]
- The apocalypse after the apocalypse - newframe.com - May 23rd, 2022 [May 23rd, 2022]
- OPINION: The 'good old days' are what we make them - Anchorage Daily News - May 23rd, 2022 [May 23rd, 2022]
- A new stage for Mars: Web3 colonization of Mars has begun - Digital Journal - May 21st, 2022 [May 21st, 2022]
- WATCH: Apple TV Plus Releases Trailer For Season 3 Of 'For All Mankind' - We Got This Covered - May 21st, 2022 [May 21st, 2022]
- 30 Of the best fried foods around the world - KAKE - May 21st, 2022 [May 21st, 2022]
- The US And England Will Never Agree On These Foods - Mashed - May 21st, 2022 [May 21st, 2022]
- Could Lunar Soil be the Key to Reaching Mars? - The National Herald - May 20th, 2022 [May 20th, 2022]
- NASA will use the metaverse to build VR scenarios for Mars missions - Interesting Engineering - May 11th, 2022 [May 11th, 2022]
- 10 Best New Teen Movies of 2022 Most Anticipated Teen Movies 2022 - Seventeen - May 11th, 2022 [May 11th, 2022]
- SpaceX mission returns to Earth | WORLD - WORLD News Group - May 11th, 2022 [May 11th, 2022]
- Wealthy nations are carving up space and its riches and leaving other countries behind - Jacksonville Journal-Courier - May 11th, 2022 [May 11th, 2022]
- All Elon Musk's SpaceX rockets revealed with disasters that turned into blazes - The US Sun - May 11th, 2022 [May 11th, 2022]
- Introducing the 'Mobile Gantry' 3D printer that could facilitate the future colonization of Mars - 3D Printing Industry - May 3rd, 2022 [May 3rd, 2022]
- The Billionaire Space Race: Should We Be Worried? - New University - May 3rd, 2022 [May 3rd, 2022]
- Martian rocks may give insight into the Red Planets violent history - BGR - May 3rd, 2022 [May 3rd, 2022]
- Galactic Civilizations IV: Core worlds, colonies, and colonization guide - PC Invasion - May 3rd, 2022 [May 3rd, 2022]
- Elon Musk, Twitter and the future: His long-term vision is even weirder than you think - Salon - May 3rd, 2022 [May 3rd, 2022]