Some Memes You May Enjoy

Many a truth is said in jest,

- He has a point.

- Is this satire or true?

- Also true

- Oldie but a goodie.

Many Bored Ape NFTs Are in Danger of Getting Liquidated

"Dozens of Bored Ape Yacht Club non-fungible tokens (NFT) used as collateral for loans sit perilously close to being forcibly sold, and there's worry that could trigger even more liquidations."

Talk about First World problems and what a strange world we live in these days. JPEG images of cartoon apes used as collateral to borrow millions of dollars worth of crypto currency may have to be sold at crypto auction which could trigger even more "foreclosures."  Keep in mind these loans are pegged to actual US dollars.

In the traditional world you could take a loan from a bank using your home as collateral - not even sure how to finish this sentence since this situation is so strange on so many levels.

Wonder if FarmersOnly.com will be coming out with their own NFT's. That's when you know we've truly turned the bend.

Linky Links

Stuff I found interesting or amusing and thought I'd share.

- Matt Taibbi: In Defense of Substack. "In the last four years especially, a rift has formed in the news business, an argument primarily about method and approach." I've come to trust Taibbi, Bari Weiss, and Glenn Greenwald much more than the New York Times. That trust (and distrust) has been well-earned.

- I had never heard of NFT's (niffties?) before last week. They could be the next big thing and another reason cryptocurrency is here to stay. 

- How a 10-second video clip NFT sold for $6.6 million! 

- The latest on quantum physics and the "Proton Sea"