Weirdo's Weekly Update — 22 Sept, 2023

Crypto News

🤖 Telegram Bots & Crypto Trading: A Match Made in Heaven? 🚀

Telegram bots are making waves in the crypto trading world, with trading volumes surpassing $190 million. These bots, like @BananaGunBot, offer easy access to trading features such as sniping and airdrop farming, making them increasingly popular. However, the sustainability of this growth is yet to be determined. 🤔

🔐 Telegram Integrates TON-Based Crypto Wallet

Telegram has integrated a self-custodial crypto wallet, TON Space, for its 800 million users. This move brings TON one step closer to its original vision and gives users digital ownership rights. However, the wallet will not be accessible to users in the U.S. and some other countries. 

📊 Key Metrics

Telegram's massive user base of over 800 million presents a significant opportunity for bot trading. The daily trading volume exceeding $10 million shows the rapid growth in bot usage. Monitoring metrics like active users and trading frequency will be crucial as adoption increases. 📈

🌍 Crypto Adoption Around the World

India leads in crypto adoption despite a 30% tax on crypto gains. Nigeria follows closely, with a 9% year-over-year growth in crypto transactions. Interestingly, most countries leading in crypto adoption have been plagued with devaluing fiat currencies, high-interest rates, and corrupt governments. 🏦

map marking crypto adoption

Changes in the Last Week

Bitcoin $26,644 (0,3%) ⎸ Ethereum $1,596 (-2%) ⎸ Gold $1,925

Changes Last Week
Changes Last Week

Fear and Greed Index
Fear And Greed Index

AI News

AI Reshaping Work and Boosting Performance

A recent study reveals that AI, specifically ChatGPT-4, significantly enhances work performance. Consultants using AI completed tasks faster, with higher quality, and more efficiently. However, the study also highlighted the importance of understanding AI's limitations to avoid over-reliance and maintain human skill development.

Graph showing AI impact

Microsoft's Massive Data Leak

Microsoft accidentally leaked 38TB of internal data due to misconfigured Azure SAS tokens. Fortunately, white hat hackers discovered the vulnerability, and no customer data was exposed. This incident underscores the importance of balancing openness and caution in data sharing.

Top 50 Consumer AI Products

ChatGPT dominates the AI consumer product market, according to a16z's analysis. However, compared to mainstream apps like YouTube and Facebook, even the biggest AI products are still relatively small, indicating that it's still early days for AI.

Graph showing top AI Web Products

Dall-E 3: The Next Big Leap for AI

OpenAI's Dall-E 3, an AI image generation model integrated with ChatGPT, is set to revolutionize multimodal apps. It promises better output, prompt generation, accurate text in images, and usage rights for commercial purposes.

Travel Update

Ever thought about learning Georgian? This week, we're diving into some basics. Here's a quick guide to help you blend in with the locals.

The Georgian language is the official language of Georgia and belongs to the unique Kartvelian language family. It's known for its distinct alphabet, which consists of 33 letters such as ა, ბ, and გ. With a complex grammar and various dialects, Georgian is a language rich in history and cultural significance.

Common Phrases

Hello! - Gamarjoba! [gah-mar-joh-bah]

How are you? - Rogor Khar? [roh-gor khar]

Good, and You? - Kargad, Tavad? [kar-gahd, tah-vahd]

Thank you! - Madloba [mad-loh-bah]

Please! - Tu Sheidzleba! [too sheydz-leh-bah]

Sorry! - Bodishi! [boh-dee-shee]

What’s your name? - Ra Gkvia? [rah gkviah]

My name is … - Me mkvia … [meh mkviah]

How much? (Price) - Ra Ghirs? [rah gheers]

Wine - Ghvino [gh-vee-noh]

Beer - Ludi [loo-dee]

Water - Tskali [ts-kah-lee]

Cheers! - Gaumardjos! [gou-mar-johs]

1 - Erti [ehr-tee]

2 - Ori [oh-ree]

3 - Sami [sah-mee]

4 - Otkhi [oht-khee]

5 - Khuti [khoo-tee]

6 - Ekvsi [ehk-vsee]

7 - Shvidi [sh-vee-dee]

8 - Rva [r-vah]

9 - Tskhra [ts-kh-rah]

10 - Ati [ah-tee]

20 - Otsi [oht-see]

30 - Otsdaati [ohts-dah-ah-tee]

100 - Asi [ah-see]

1000 - Atasi [ah-tah-see]

Fast-Track Your Business Idea Validation in 7 Days

Day 1-2: Kickstart your journey by defining your unique value proposition and diving into market research. Understand your target audience and your edge over competitors.

Day 3-5: Time for some midweek hustle. Roll out a Minimum Viable Product (MVP) - it doesn't need to be perfect, just functional. Test it with a select group and gather invaluable feedback. Use this to refine your product.

Day 6-7: As the week wraps up, implement essential changes based on the feedback. Also, run the numbers to see if your business can turn a profit.

In just one week, you'll either validate your business idea or gain key insights to fine-tune it. This rapid approach helps you avoid investing time and resources into an unworkable concept, setting you up for real success instead. 🚀

Tool of the Week

Ugreen 145W, 25000mAh power bank - ultimate portable charging solution. It helps you to power up multiple devices, from smartphones and tablets to laptops, with its impressive 145W total output, including USB-A, USB-C.

With a 25000mAh capacity, it can recharge most smartphones multiple times before needing a recharge itself. Plus, it's geared towards fast charging, significantly reducing the time needed to revive your devices.

Perfect for those always on the move. Plus, its 25000mAh capacity is under the flight hand luggage limit, ensuring a hassle-free security check.

I am currently listening to

The Mom Test: How to talk to customers & learn if your business is a good idea when everyone is lying to you
By Rob Fitzpatrick (Author)

I am currently reading

Pragmatic Thinking and Learning: Refactor Your Wetware 

By Andy Hunt

Inspiring Quotes

“The mystery of human existence lies not in just staying alive, but in finding something to live for.”—Fyodor Dostoevsky

“We grow up with fewer demons but we grow up with less drive. We end being Boswell and not Johnson. We end up being the observer and not the doer. Respect those who are in the arena…”—Walter Isaacson

"Keep away from those who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great."—Mark Twain

September 29, 2023
Leo Brunnhofer