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- 📺 Crypto’s News@9 moment
📺 Crypto’s News@9 moment
Aakash Athawasya & Arvind Krishna
August 12, 2022
Gm, this is the Doodhwala, unlike your friends, we always make sure the Goa plans come thru.
Speaking of Goa, the web3conf is going strong. If you’re there, give us a hello!
Here’s what we got today:
Crypto’s News@9 moment
Polygon has been absolutely RELENTLESS
The Big Fat Ethereum Wedding
Taaza meme of the day
Crypto’s News@9 moment
We did something bad.
Something really really bad.
At 9, last night, we turned on the news.
Wtf, right?
It gets worse.
We watched…
…
…
Republic TV.
Why?
Arnab and the boys (sounds like a movie, ZNMD 2?) were discussing Crypto.
What was the reason behind this incredible rush to blame crypto for everything including global warming?
Two cases of money laundering.
One involving WazirX. WazirX’s director was called out last week by India’s Enforcement Directorate. The Doodhwala spilled the milk about WazirX here.
One involving Vauld. Yesterday, the ED allegedly froze Rs 340 crore of Vauld’s assets for laundering money. There has been no confirmation of this by the company or the ED.
We know you aren’t going to watch the entire 40 minute dEbAtE.
So, we did it for you!
Here are the hot takes:
All crypto, including Bitcoin, is worth exactly 0
CBDCs will make all cryptocurrencies redundant
RBI banned crypto but failed due to Lutyens’ Lobbyists
100% (not 95%, not 99%) of crypto are scams and Ponzi schemes
Not a single Indian has withdrawn their cryptos wealth from exchanges
MONEY WAS PAID MONEY WAS PAID to everyone besides Republic to promote crypto
Crypto bros break into a TED talk when defending crypto, with the “What is money argument?”
Crypto is a scam, social media influencers are a scam, Bollywood actors are a scam, other news channels are a scam
At one point, Arnab even criticized news channels’ of showing prices of cryptocurrencies.
Ummm, what’s this then?
Humaraa apna Polygon has been absolutely RELENTLESS
More relentless than Rishab Pant smashing sixes in a test match.
Polygon recently announced that over 37,000 decentralized apps (dApps) have been built on Polygon.
To understand the magnitude of this, they had less than 8000 dApps at the beginning of the year.
Even the number of active monthly teams building on Polygon has shot up to 11,800 from 8,000 in March.
What does this mean?
It means that Polygon has been helping projects launch better than Karan Johar helping rich actor kids launch.
Polygon’s partnerships team has been on steroids recently by announcing partnerships with all the big brands you know of like :
Mercedes Benz
Coca Cola
Disney
FC Barcelona
And so many more
We wouldn't be surprised if they partner with Subramaniam Medicals, the pharmacy next to my house because they want EVERYONE on Polygon.
This progress is also because of the partnership with the leading web3 development platform, Alchemy.
They help devs build on Polygon in a much simpler way by providing innovative tooling.
All in all, this is a great indication that people are actually building in this bear market than just making money by scamming people.
And they are all mostly building on Polygon.
Usage is one of the more important metrics for measuring a blockchain’s success and Polygon is just CRUSHING IT.
The Big Fat Ethereum Wedding
It’s here! It’s almost here!
You might’ve heard about something called “The Merge”
Think of this as the stages of the arranged marriage.
👉 First, the families meet for chai and samosas
👉 Then, the families check the kundli
👉 Then the children meet for the first time
👉 And then it’s straight to the wedding.
So, far Ethereum has done with the following stages of the Merge
Ropsten
Sepolia
Goerli
And now everything is set for the Big Fat Ethereum Merging which is scheduled for — September 15.
We sound like those parents when their son finally agrees to a rishta. 🥲
Taaza Tweet of the day
Instead of Taaza tweet of the day, we have Taaza Youtube comment of the day.
It’s an apt comment to the Republic TV debate:
Aaj ke liye itna hi! We'll see you tomorrow.
Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer.
None of what you read here is financial advice. We aren’t here to get you to buy or sell a crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.