Reddit Hacks the NFT Code & BTC Remains Default-Free

Your Daily Dose of DYOR

3 min readMay 25, 2023

GM, crypto fam ☕️

Another epic day to make some burgers and let no one say otherwise!

On the menu today: Reddit cracking the NFT code and Bitcoin flexing its never-default muscles! Grab your morning brew and strap in, goats!

Reddit Plays NFT Wizard — Polygon Impressed

The Polygon Praise: Hey, Redditors, did you hear that? Polygon’s co-founder just dished out a high five for Reddit’s crypto victory!

Reddit’s been pulling off some serious magic tricks with NFTs, leaving the Polygon top brass awestruck.

NFT Code Breaker

Reddit’s NFT game is so on point that it’s caught the eyes of the bigwigs. Sandeep Nailwal from Polygon even hailed Reddit as the only Big Tech company to have deciphered the NFT formula.

Enter the Avatar

They didn’t just spring NFTs on their users. No, fam, Reddit served their NFTs as delectable “Collectible Avatars”. And guess what? They weren’t just successful — they were a hit! Reddit added a…wait for it…3 million crypto users in just three months! BOOM 🚀

Polygon, the Value Layer

Nailwal’s playing the long game. He’s eyeing for Polygon to become the internet’s “value layer”. Basically, they want to be the big boss crypto biz, paving the way for Web3.

It’s like turning a startup into a multinational, but on steroids! If they GMI? Well, that’s another story for another day, fam.

Bitcoin: The Debt-Free Champ

The US economy is, more than ever, on the verge of default. The Secretary of the US Treasury, Jannet Yellen, announced that the cash reserves of the Treasury may run out on June 1st, which means that there will be no payments and, consequently, a default of the United States.

Default? Not My Style: Hey USD, you feeling the heat yet? With a possible default on the horizon, you’re about to learn why Bitcoin’s the crypto king! BTC’s the ultimate debt-free dude.

Why? Because it simply can’t default. Bitcoin is unstoppable and I’m not even a maximalist goat, aye?

USD vs BTC

So, we’re constantly told USD is safe, right? Even safer than Bitcoin. Backed by military might, economic power, yada yada. But guess what?

Bitcoin’s backed by pure, unadulterated math. No Powell or Biden can magically print more than 21M BTC!

Takeaway: Look, goats, here’s the deal. Fiat might have its place, but when it comes to resilience, Bitcoin’s got the upper hand. The market decides its value — no external forces, no printing presses. Just the beautiful harmony of supply and demand.

Remember what Warren Buffet said, “Be fearful when others are greedy, and greedy when others are fearful.”

In the world of risk and default, Bitcoin emerges as a beacon of stability.

Quick Bites: Your Daily Crypto Scoop 🔥

$TRUST soared 10X after a tweet from Ben.eth — social media power, anyone?
$SAMO made a giant leap after CCTV coverage — it’s media magic, baby!
Magic Eden’s SOL NFT aggregator launch — let’s hear it for innovation!