⛔️ A $150k prank gone wrong and Elon’s week to forget

Sab badiya doston? This is Doodhwala, and unlike actual doodh, our content is never phata-phata, but absolutely JHAKAAAAS!

Here’s what we have on the crypto cardz for todayz:

• An Ethereum name prank worth $150k gone wrong

• Elon Musk’s bad-bad week in perspective

• Doodh shots of the day

• Tweetshot of the day

An Ethereum name prank worth $150k gone wrong

This is what an Ethereum address looks like: 0xA1e234567a89b0b123C4f5678C9F90aafa12A003

You use this to send and receive money (btw Arvind, you owe me $100).

But like Tusshar Kapoor, no one remembers an Ethereum address.

Instead, people use an ENS short for Easy Name Small Ethereum Name Service

For example:

• Dhoni’s ENS name can be neverretiringfromIPL.eth

• Shahrukh Khan’s ENS name can be rajnaamtohsunahoga.eth

• and Arnab Goswani’s ENS name can be thenationwantstoknow.eth

You get the point.

People can bid on and buy others’ ENS names! And there are various bots that track ENS bids and registrations, like this one and this one.

This one dude called Franklin (of course he’s called Franklin 🤦‍♂️) tried to amuse himself with ENS bids.

His modus operandi (fancy term used by journalists for “the way he does the thing”) was:

Step 1: Mints an ENS name

Step 2: Puts it up for sale

Step 3: Places a high bid of 100ETH or $150k (Rs 1.2 crore)

Step 4: Watches the bot tweet about it

Step 5: is amused

Quite frankly (get it?) I don’t get it…

But Frankie finds it funny.

So, Frankie asked his Twitter audience what ENS name he should mint. And Twitter came back with a banger of name:

stop-doing-fake-bids-its-honestly-lame-my-guy.eth

Yikes, image that on a nametag!

Frankie minted it, and put it up for sale.

And someone actually bought it for 1.9 ETH ($2,900 or Rs 2.3 lakhs).

Not too bad for a quick ENS trade, right? Franklin even tweeted about it with the hashtag #Marketing101 (baller!)

Meanwhile, remember Step 3: Places a high bid.

Yeah, good ol’ Frankie didn’t cancel the bid.

Whoopsie!

And the new owner of stop-doing-fake-bids-its-honestly-lame-my-guy.eth accepted it for 100ETH.

So, Frankie who was up by 1.9 ETH was suddenly down 98 ETH.

Frankie even minted a whole new NFT to talk to the new owner.

Here’s what he said:

Let’s just say the new owner was not very sympathetic to Frankie’s frank up, he replied:

Doodhwala’s take: If you want to amuse yourself, don’t do it with public ENS bids and brag about it on Twitter. Find another hobby (perhaps carrom?). And for god’s sake, please cancel your open bids.

Tesla and Elon’s horoscope reading

Elon Musk, or as we Indians call him “sabhka Ambani”, recently announced that Tesla sold $936 million (Rs 7,500 crore) of its BTC holdings.

We just have one question —

Macha Musk….why the paper hands?

Tesla had initially bought $1.5 billion (Rs 12,000 crore) in BTC at the beginning of 2021.

No big deal. A lot of us did.

BECAUSE THE MARKET WAS ON STEROIDS!

Every Sunny, Happy and Lucky was buying it. And so did Tesla.

But now that the going got tough, they are backing out!

Not cool.

From the $1.5 billion in early 2021, they now currently hold just $106 million (Rs 850 crore) worth of BTC.

Elon, however, did say that this shouldn't be seen as a verdict on BTC and that they might potentially increase their crypto holdings in the future.

Honestly, we feel that Elon is just frustrated.

Dude was recently roasted pretty intensely on Twitter when his vacation pics surfaced online where he was shirtless on a yacht.

Twitter (the company) is also suing him to go through with the original acquisition deal after he backed out of it.

A lot of things aren't going his way. Maybe he needs a horoscope reading.

Doodhwala’s take: We feel you, Elon! But just don't take it out on BTC, why not hit the gym instead?

Doodhshots of the day

• Indian crypto startups are headed for a rough time in 2022, but if they did their homework from 2018, they will survive

• Coinbase, the grand daddy of crypto exchanges, did not have any exposure to Celsius, Voyager or 3AC, phew!

• Apna very own Polygon is launching a zkEVM (fancy for zero-knowledge Ethereum Virtual Machine) to hide all your dirty L2 transactions

• Elon Musk’s Tesla owns Bitcoin and…get this…dogecoin whowouldathunk?

• South Korea saves crypto traders by pushing cap gains (what gains bruh?) tax to 2025

Tweetshot of the day

That’s all for today folks! Kal milenge!

Aakash "Dahi Cheeni" Athawasya & Arvind "Doodh Peda" Krishna

Oh and beeteedubs, we’ve got the doodhwala.eth ENS name. So, for all the many many people who wanted it, you can kiss our tall doodh glasses. Jk jk. Get your Ethereum domain here.