The New York edition of All Things Crypto opened with day one results from the Bitperp paper trading contest.
0:05:20Show opens
0:11:14App.bitperp.io, testnet demo account, 000 BTP tokens in prizes
0:14:03Product feedback, cumulative positions versus individual positions and brackets
Kool highlighted Chainlink CCIP enabling private blockchains to communicate with public ones and listed partnerships with Swift, DTCC, JPMorgan, Citibank, BNP Paribas and many more major institutions. Kool said Chainlink should rank in the top three but the market undervalues it due to liquidity, the current cycle and focus on other narratives like AI. Landy noted the one billion total supply with about six hundred and twenty six million circulating and said partnerships continue to build utility.
0:27:20Oracles as sources of truth, the ENS connection, and CCIP compared with LayerZero
Dave and Kool expressed disappointment with the Scroll airdrop as many active users and even GitHub contributors received little or nothing while some insider wallets claimed over a million dollars. Kool explained the airdrop game has changed with greedier devs creating unattainable criteria to reward teams instead of farmers who dump tokens. Kool advised staying diverse, being early and following active farmers rather than expecting big rewards from every interaction.
0:37:57Fuel Network and Eclipse
The panel discussed Avalanche launching a Visa card for payments with wrapped AVAX, USDC and other supported assets. Dave questioned what rewards the card would offer compared to his Coinbase card which recently cut rewards from four percent to point five percent in Matic. NatNat and others joined a lighthearted aside about rice and beans before the group considered whether spending crypto makes sense and what card perks could stand out in the future.
A study on four hundred and eighty seven crypto investors linked gambling addiction and FOMO to higher financial losses, psychological distress, anger and shame. Landy described how emotions cause even experienced traders to abandon risk management and said he uses a rigid rule based system to eliminate decision making under pressure after over twenty years in markets. NatNat agreed noting similar addiction risks in weekly options trading and past high suicide rates from losses while the group shared personal stories of emotional swings.
Dave covered ApeChain launching as a layer three on Arbitrum and Unichain allowing Uniswap liquidity providers and token holders to share revenue. Kool noted ApeCoin ripped one hundred and fifty percent in twenty four hours after the news and said more protocols launching their own chains is bullish. Dave discussed the Stacks Nakamoto upgrade expected around October twenty nine and how one dev built Stack City into a CoinGecko category while rewarding LEO NFT holders who do not list for sale with two thousand LEO tokens.
“In a way, it's good because if you're in this project prior to, like, liquidity coming in or things taking off, then you're in a in a good solid position.”
NatNat0:22:36Share on X
“It's gonna be okay, Chainlink army. It's gonna be alright.”
Landy0:24:57Share on X
“These are the sources of truth at the end of the day.”
Dave0:27:20Share on X
“don't expect nothing. Like, lower your expect... Expectations to zero, but you don't get disappointed.”
Kool0:31:34Share on X
“I guess the whole goal for crypto is using crypto without knowing knowing you're using crypto. That's the idea. That's mass adoption there.”
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Show discussion, not financial advice.
