Could Solana replace Bitcoin?

Hello, In today edition of Money Printer Go Brr:

• People are mad about Bitwise Bitcoin ETF because is not using a multi-sign wallet - What is a multi-sign wallet?

• Offline staking, explained like your 5

• Will Solana continue to outperform ETH and BTC?

• Hacker Takes Over Algorand CEO's X Account for 15 Hours 

People are mad about Bitwise Bitcoin ETF because is not using a multisig wallet

Folks are raising eyebrows because Bitwise used a single key wallet instead of a multi-sign one.

What is a multi-sign wallet?

Let's imagine you and your two best friends decide to create a special piggy bank together.

You all put your pocket money into this piggy bank but there’s a rule: any time someone wants to spend this money, at least two out of the three friends must agree to open the piggy bank together.

This is similar to a multi-signature or 'multi-sig' wallet in the world of crypto.

Each of you in this situation is like having a 'key' to open the wallet.

So, if two of you agree and use your keys then you can open the wallet.

This way, one person cannot go and spend the money all by themselves, making the wallet more secure.

If Bitwise does not utilize a multi-signature wallet, the funds of individuals could be at risk since a singular person with the key might potentially misappropriate the funds.

After Peter Todd made the above tweet, Bitwise replied that they would address this issue.

What is offline staking? 

Imagine you've got a digital piggy bank (your offline wallet), but instead of just sitting there, it's making more digital coins for you, just because you decided not to spend them. That's offline staking for you.

Getting on the train:

• Pick a coin: not all coins are created equal. Find one that likes to play the offline staking game.

• Find a hardware wallet (like Ledger): get a digital wallet that supports your chosen coin's couch potato ways.

• Toss 'em in: move your coins into the wallet, set it up for staking, and voilà! You're in the money-making lounge.

If you want to explore this topic further, I recommend the following article:

Will Solana continue to outperform ETH and BTC?

In the digital gladiator arena, ETH flexes its muscles against the feisty altcoins, but Solana (SOL) is the underdog that's been moonwalking through the ranks, especially after its dance-off with the FTX drama.

The SOL/BTC ratio has been on a rollercoaster, dipping and diving from 0.0011 to 0.0005 SOL/BTC, like a seagull at a beach picnic.

Despite the setbacks, SOL rose by a whopping 300% against BTC since October 2023, while ETH watches from behind. 😢

So, what's the moral of this crypto comic strip?

In the digital colosseum, it's anyone's game.

Hacker Takes Over Algorand CEO's X Account for 15 Hours 

Imagine this: Staci, Algorand's CEO's Twitter got hijacked for a whole 15-hour sitcom, with the hacker playing the lead prankster.

The intruder turned the account into a comedy club.

Talking about career swaps and fictional financial escapades. 🤣

The real question: does he fucking know something that we don’t? 🤔

Amid the chuckles, Algorand assured everyone their digital fort was still impregnable, no real harm done.

It's another "oops" in the crypto celeb Twitter blooper reel, sparking a fresh wave of meme magic and security side-eyes.

Pro tip: 

Beef up your online security with strong, unique passwords and two-factor authentication to avoid being the next punchline in a hacker's joke book.

Meme of the day: