🥛 Satoshi's long-lost emails 👀

PLUS: When should you sell your airdrops? Find out inside...🧐                                                                                                                                                                                                                                                                                                                                                                                                                 February 26, 2024 | [Read Online]( Today’s edition is brought to you by [Sui]( – the infinitely scalable, lightning-fast layer 1 blockchain that delivers the benefits of Web3 with the ease of Web2. [Get 20% off a standard pass to Sui Basecamp with the code “sui-milkroad-20”.]( GM. This is Milk Road, your crypto news espresso – a small shot, packed with a wake-up punch. Here’s what we got for you today: - Satoshi’s long-lost emails 👀 - 70% of tokens die after the bull run ☠️ - When should you sell your airdrop tokens? 🧐 - This Bitcoin miner made $280M+ in revenue 🍪 [Prices as of 12:30 PM ET. Click here for our Fear & Greed Index]( SATOSHI’S LONG LOST EMAILS 📊 The year was 2009… “I Gotta Feeling” by Black Eyed Peas was the world anthem. Girls were mastering the “duck face” for their early Facebook posts. A new super-basic-dance-move was going viral… the Jersey Fist Pump. Ah, the simple days. And somewhere in the depths of the internet, a new concept was being introduced…[Bitcoin](. Well, check it out. 120 pages of emails were just released from the early Bitcoin days. The emails are 14+ years old and were sent between: - Martti Malmi (an OG Bitcoin developer) and… - Satoshi Nakomoto (the creator of Bitcoin) [Source: @mattimalmi]( Here’s the most interesting stuff from the emails: 1/ Satoshi explains the root problem of conventional currencies. There’s one question that still makes most crypto investors sweat… “Why Bitcoin?” Well, here’s the best (and most simple) answer you’ll need: [Source: Github]( 2/ Satoshi’s explanation of what Bitcoin is. [Source: Github]( Side note: it’s interesting to see how early convos about Bitcoin were centered around being a “peer-to-peer network” for digital currency vs. being a “store of value” (a popular narrative today). 3/ Satoshi on non-financial use cases for Bitcoin. Even though Bitcoin was originally created for finance, Satoshi acknowledged there could be other future use cases for the network. One of those is… time-stamping. [Source: Github]( 4/ Satoshi on Bitcoin’s energy consumption… One of the biggest complaints about Bitcoin today is that it uses a sh*t ton of energy. The big reason? The network uses [Proof of Work](. And, even in 2009, Satoshi predicted this would be a big counterargument for Bitcoin. Here’s what he had to say about it: [Source: Github]( “Junk mail credit card offers.” In the rap game, some would say Satoshi had “bars” for lines like this. P.S. - If you want to check out the emails yourself, [here they are](. P.P.S. - If you want more quick highlights, check out [this Twitter thread](. [JOIN WEB3 TRAILBLAZERS @ SUI BASECAMP]( Sui, a pioneering layer 1 blockchain, is set to host its inaugural global conference, [Sui Basecamp](, on April 10–11 in Paris, France. It will be a two-day celebration of the rapidly growing [Sui ecosystem]( and a deep exploration into the future of Web3. Hear the latest and greatest ideas in Web3, converse with industry titans, and expand your network with fellow thought-leaders, crypto natives, and a community of builders. Learn from luminaries like: - Meltem Demirors, Aspiring Cult Leader - Balaji Srinivasan, Angel Investor, Tech Founder & Author of The Network State - Evan Cheng, CEO & Co-Founder at Mysten Labs - Arianna Simpson, General Partner at a16z crypto - Nikola Plecas, Global Head of Product GTM and Product Commercialization at Visa Crypto - Sam Blackshear, CTO & Co-Founder at Mysten Labs, Creator of Move And many more! In town for Paris Blockchain Week? Sui Basecamp’s venues are just a short walk from PBW. [Use the code “sui-milkroad-20” for 20% off a standard pass!]( 70% OF TOKENS DIE AFTER BULL RUNS ☠️ There are 3 certainties in life… 1/ Death 2/ Taxes 3/ Most cryptocurrencies will shut down, even ones that do well during bull runs Don’t believe me? Here are some stats for ya… - In the 2017-2018 bull run, there were ~3k tokens… ~70% died after the run. - In the 2020-2021 bull run, there were ~11k tokens… ~70% died after the run. [Source: @DistilledCrypto]( The lesson: don’t marry your shiny new objects, not everything that glitters in a bull run is gold. WHEN SHOULD YOU SELL YOUR AIRDROP TOKENS? 🧐 Check this out. CoinGecko just dropped a new report on [airdrops](. The study analyzed the days it took the top airdrops to achieve their peak returns. The results? 46% of the top 50 airdrops hit all-time highs within 2 weeks. [Source: @CoinGecko]( Here were some of the biggest performances: - MANTA: +72% by Day 12 of trading - ENS: +73% by Day 2 of trading - X2Y2: +121% by Day 2 of trading - LOOKS: +192% by Day 10 of trading - MAVIA: +217% by Day 13 of trading BITE-SIZED COOKIES FOR THE ROAD 🍪 [EtherMail just launched its Email-as-a-Wallet.]( Diving into Web3 doesn't mean grappling with complex wallets anymore; it's as easy as having an EtherMail account. This innovative feature bridges the Web2 and Web3 worlds, making digital asset management seamless and secure.* [A new fee switch proposal was submitted for Uniswap’s decentralized exchange](. If passed, UNI token holders who stake and delegate their staked tokens will receive a portion of the protocol’s fee earnings. —DL News. [Riot Platforms revealed it generated $281M in total revenue last year.]( The Bitcoin miner produced 6,626 BTC throughout the year. [Grayscale says it's open to M&A-related opportunities](. “Our eyes and ears are open, and sometimes people are approaching us about strategically working together.” - Grayscale’s CEO. [A U.S. federal judge has signed off on Binance’s $4.3B plea deal](. Under the deal’s terms, the exchange would pay $4.3 billion, appoint an independent compliance monitor, and have its CEO (Changpeng Zhao) step down. [OANDA is launching a new crypto trading platform in the UK](. The global brokerage firm will offer trading in over 63 cryptocurrency pairs, including Bitcoin, Ether, and Ripple, with plans to add more tokens and features over the year. *This is sponsored content MILKY MEMES 🤣 [Source: @TheBTCTherapist]( [Source: @MinisterOfNFTs]( RATE TODAY’S EDITION What'd you think of today's edition? [🥛🥛🥛🥛🥛 F**king great]( [🥛🥛🥛 Meh, do better]( [🥛 You didn't bring the heat]( Share Milk Road You currently have 0 referrals, only 1 away from receiving Milk Road's 2024 Bull Run Survival Guide. [Milk Road's 2024 Bull Run Survival Guide]( [Click to Share]( Or copy and paste this link to others: ROADER REVIEW OF THE DAY VITALIK PIC OF THE DAY [tw profile: Milk Road Images] Milk Road Images @MilkRoadImages [tw] when you see your little cousin at the family BBQ... Feb 26, 2024 0 Likes 0 Retweets 0 Replies DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. [tw]( [ig]( [yt]( [tk]( [in]( Interested in reaching smart readers like you?  [Sponsor Milk Road]( Update your email preferences or unsubscribe [here]( © 2024 Milk Road Inc. 603 Munger Avenue Suite 100 #1006 Dallas, Texas 75202, United States