Bored? Follow the ETH.
On the morning of January 23, 2022, I saw a tweet about purchasing a Bored Ape NFT for 135 ETH that I assumed was completely fake. It turned out to be fake. But the transaction was absolutely real. How do I know? The Ethereum blockchain is a public ledger. Transactions are viewable by anyone (including you and me), so let’s do a little exploring and see who spent $337,500 (1 ETH = $2,500 at the time) to get their Bored Ape. ...
If you feel like you’ve invaded Rob Kapito’s privacy, you haven’t. This Twitter account was a fake and, to my knowledge, Rob Kapito had nothing to do with this. The strength and the weakness of public blockchain transactions is that they are public. If I were slightly more motivated and wanted more information about this wallet’s activity, a company like Chainalysis would be my next stop.
This Is Not the Future, It’s Now
We are used to public records. Deeds to houses, car registrations, driver’s licenses, titles to land, etc. We are less used to public records of our daily transactions. Yet, here we are. Forewarned is forearmed.
See the full article here: https://www.shellypalmer.com/2022/04/bored-follow-the-eth/?ck_subscriber_id=1646162133&utm_source=convertkit&utm_medium=email&utm_campaign=Bored%3F+Follow+the+ETH.%20-%207995063
