December 15, 2023

Newsletter #241 - Are We Congested?

Yo Shitcoiners,

Welcome back to the weekly newsletter that always delivers. We have memes aplenty and industry commentary that will leave you delighted and confused at the same time! Before we get to that, check out this week’s edition of Wage Cucking With Jmo! Max Boonen joined Jmo and Andreas to discuss his new project bringing bonds to the blockchain, PV01.

As Ethereum faced high gas fees due to the memecoin frenzy, Bitcoin was facing issues of its own. Udi doesn’t want the devs to take away his JPEGs.

Luke Dashjr is coming to eradicate your inscriptions.

Mike has a plan though. Introducing, Bitcoin Stamps! Stamps aim to store data on BTC while being resilient and uncensorable. It’s early days still, but they are building out the ecosystem already.

The degens were out in full force, minting the first SRC-20 token, $KEVIN in a matter of days.

Evidently, CZ has been spending too much time on ETH as of late. That “BTC gas” sure is fluctuating…

While some Bitcoiners want to fix the congestion, others think this is just high demand. Enter Peter Todd.

We all do love a good conspiracy!

Rare Pepes have been a staple on Bitcoin for some years now. With the release of Emblem Vault it became possible to migrate those cheeky Pepes over to Ethereum. Would you like to own a share of some of the finest Pepes around, anon?

To crypto marketing now. Kraken pulled off one of the influencer marketing campaigns of the year.

Speaking of exchanges, it’s not looking too good for Bittrex.

While we hope the worst of the crypto collapse is behind us, let us never forget. It was only one year ago that Terra tanked so hard that the whole world knew about it.

While crypto collapses happen in a matter of days, real-world situations take far longer. A year later and Do is out on bail.

Speaking of legal proceedings Su has put out a restraining order against Arthur. Su just couldn’t handle those spicy tweets!

Here’s Arthur spitting facts about the rough situation the US is finding itself in.

They will be doing everything they recoup any losses. The IRS want some of that FTX bag!

This industry being associated with drugs is nothing new. However, this is possibly the first time we’ve seen crypto in the same sentence as organ harvesting.

Supposedly if you’re the U.S. government you can do whatever you want.

Some will tell you meme szn is over. Others will tell you the party doesn’t start until Justin starts throwing hundreds of millies into the mix.

Justin might be late to the party and the market caps may have suffered this week, but the memes are still going strong.

Pee pee pee pee pee pee pee pee pee emm oh oh en.

Watch your mouth.

If this meme market pullback caught you off guard, remember, you can always talk to someone.

And there will always be another short-lived craze right around the corner.

If you aren’t quite done with meme season though it’s time to BUIDL. Sorry, we mean deploy a memecoin, pump and dump as much as possible then sail off into the sunset.

You never know how incompetent the anons behind a smart contract really are.

If you are wondering what is next, then follow Ameen. Be sure to bring lube.

We round this one off with an extremely rare mint. Sweep the floor!

That's all for this week. Follow Andreas on Twitter and stay up to date with us @Shitcoindotcom too. See you next time.