Solana Weekly: #5 Solana Long Term

Gm, Gm to all! I’ve been thinking about the structure of this and how dumb it is. I think I need to create a good landing page and condense the Podcast with the post. So here it is. I’m also scrapping that intro song because I don’t want to many people to listen to this just for my sing along to having Sol but not being a soldier. I’m also debating writing a script versus having a list of topics and just riffing on them. The whole idea being this is to get better at speaking, and improve at it. Reading and adding a line or two after each part of the script is kind of like how Trump used to do speeches and it’s kind of lame. I think improving my communication through having to think on the spot and just riffing might be a better challenge and something I absolutely improve on. Another benefit I’ve been seeing from this is I get to see just how good or bad my thinking is by listening through it. If I’m trying to piece together important information on a weekly basis and I have a hard time seeing through why the team at Crypto Duck Punks aren’t pumping it, maybe I need to refocus my lens. With that, let’s ride. * Solana Price - We’re sitting at $13.76, dumped under 13 and pumped with the rest of the market to over $14 before settling down. * Sol/Eth - nothing burger - sitting at .01038, moving similarly, wen decouple. * NFT News - Toys R Us, yes that Toys R Us dropped an NFT. Huge news, cool that they dropped on Solana. Minted at 7, they revealed and they are uninspiring giraffes.* Defi news - protocols opening up, total value locked in these protocols is small though. Heard a good theory that Alameda was actually a good thing for defi because they brought liquidity and prevented other wales from moving markets easily. So we would be more of sitting ducks. * The quicky of the current thing - Sam Bankman-Fried arrested, DeGods praised in an article by The Block for positivity in the Sol NFT ecosystem despite token price dumping, small pump this morning from favorable CPI numbers, Polygon hate still here, Binance now facing a bank run with everyone removing funds and they had to halt withdrawals, GBTC discount is at 50% and Grayscale/DCG blowup is looming, FTX hearing ongoing now, SBF was to testify but that fool is locked up, Elon keeps changing things up on Twitter, people are wising up to using hardware wallets, BTC maxi’s are feeling emboldened by some crypto doom, Eth L2’s are heating up and Arbitrum seems like the most interesting one with GMX being a delight to use. * Best FUD - nothing really new here, just continued positivity and data coming out on Solana with good communication from the top. * Topics I riff on:* The roll of Personal finance in Crypto. What’s responsible vs irresponsible? * Value of pump n dumpers in NFT’s. Presale, Whitelist meta and thinking of them as hired marketers. * Conspiracy theory for Crypto Duck Punkz and the Bonk dog coin dropping. * Building your own echo chamber to make the algorithm's your b***h. * Lastly Red Panda Squad is derugging today and by respawning them on a different contract they own. The project was compromised by an anon dev who had the private keys to the project. So they flagged it on Magic Eden and it almost went to zero. I would say they weren’t the best communicators, weren’t clear that they f’d up, but it’s what got me pumped about nft’s and communities so they are back. Appreciate your time, and let me know what you think. Thomas Bahamas (not in the Bahamas) This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com