Artist and Degen
A rising tide lifts all boats, but a falling orange coin sinks all boats. ⛵️📉
When social platforms reward engagement monetarily, they sometimes incentivise creators to produce crappy clickbaity content. Ridiculous & inflammatory content 😡 = higher engagement 📈 = more rewards 🤑= more crappy content. 🤬🤡
It's a vicious cycle that lowers content quality. What's a good way to incentivize creators and encourage high quality content?
Me, after entering the memecoin trenches and getting dumped on within 2 minutes: 📣 "Attenzione borseggiatrici!!" 😣
**What Exactly is a Rollup?**🤔
Rollups are Layer 2 blockchains that help Layer 1 blockchains such as Ethereum to scale and handle more activity. They do this by processing and validating transactions away from the main (Layer 1) blockchain and then "rolling up" multiple transactions into one set and submitting the final data back to the Layer 1 at a fraction of the price that it would have cost. Examples of rollups are Arbitrum and Optimism, two very popular Layer 2 blockchains.
So why are rollups important? Because they help increase speed, reduce gas costs, and enable growth!
#LearningCrypto #rollups
This cycle has been quite boring so far. 2021 was magical. Did the ETFs throw everything out of sync?📈
What's the most useful tip someone has ever given you? ❓
Was it "buy Bitcoin at $ 20?"
Or "join the ETH ICO?"
Or "buy this coin called Solana, it's at $ 2 right now?"
Or "always DYOR, and don't just beleieve what anons say?"