"a driving force towards autocracy is often preemptive compliance towards imagined expectations" "Decriminalize not legalize" Shun the non believers! Shun!
Ethereum
Joined February 2018
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* fight moloch
* create a shared foundation of collective consciousness
* cultivate self actualizing organic digital organizations
* enable the global freedom to associate securely
* minimize the bureaucracy of interaction
* normalize access to opportunity
Block Enthusiast 🔥🌱🌪️🏴☠️ retweeted
Literally what I devoted 8 years of my life to, and its so frustrating to see what actually succeeds instead
No one is being honest about crypto.
The entire premise of the industry has been based around “getting rich quick” for too long.
Everyone knows shitcoin trading as the primary use case is deeply unserious.
But exchanges, VCs, and trading influenzas are heavily incentivized to keep the casino open.
Luckily there is another path, and it doesn’t require cashing in your soul.
Go from value extractor to operator/builder.
Learn how the plumbing works. Work on products/projects you believe in. Look beyond the crypto community online where people just play exit liquidity musical chairs.
The upside is still here. But it will be a byproduct of competence.
More on this topic in Tuesday's post on DeFi Education.
Block Enthusiast 🔥🌱🌪️🏴☠️ retweeted
Early results on analyzing the liquidity of some @MorphoLabs vaults using vault liquidity % per hour (capped at 1% as above is clearly liquid). Trying to get a better resolution.
Relend and Clearstar have never been illiquid. Relend was exposed to sdeUSD yet no one cared it seems and now 5M is stuck/lost.
@SteakhouseFi bbqUSDC was close to 0% only during 2 data points (<1% during 6 datapoints), other vaults a bit more.
Every single DoJ trial that requires explaining crypto to an audience of normies leads to a cascade of mental breakdowns in the jury. The mere act of making a nail salon owner think about MEV or NFTs leads to physical tears and often attempts to escape
Block Enthusiast 🔥🌱🌪️🏴☠️ retweeted
Curve on… @unichain
Why? Because it’s the best AMM for LSTs!
Considering that there are immediate positions on @unichain @MorphoLabs markets at risk of liquidation, and considering that there is very limited liquidity on @Uniswap for wstETH > ETH, there is now a @CurveFinance pool that liquidators can use:
curve.finance/dex/unichain/p…
It's the good old stableswap-ng, so all you need to do is point the address to uniscan.xyz/address/0xbad024…
Please amplify for liquidatoooors.
Jay Clayton’s SDNY is doing a not so great job continuing the Biden war against crypto. Lost most charges vs Storm and now this. law360.com/articles/2407869/…
Quick somebody add a TOS no one will read that explains risk curators curate risk
add a little widget that says "This risk curator has 1b in TVL but you should not trust them because they are leverage looping"
Block Enthusiast 🔥🌱🌪️🏴☠️ retweeted
FBI has subpoenaed the domain registrar of archive.is
The won't say what crime is being investigated.
Sad :(
Literally we need to repeal this shitty act.
It has sooo many downstream problems.
Just unworkable assumptions
Perhaps this was too relaxed 😅 But any bank knew with certainty what it could send.
Things had to be made complicated! With the Patriot Act et al it was. No longer was it acceptable for Frankfurt to just worry about their bit 😱 7/27
observer.com/2012/08/you-f-i…
Block Enthusiast 🔥🌱🌪️🏴☠️ retweeted
Drop what you’re doing and read this amazing thread
Oracle providers contest they offer circuit breakers if price gets too bad, but in my opinion circuit breakers are better used for cutting off legitimate market pricing.
In situations of exploits the service provider shouldn't report that markets price as legitimate
feels like price bad on market functioning legitimately is distinct from price bad on market that has been exploited and holds virtually 0 funds.
an oracle service provider should be able to distinguish this and avoid reporting prices from exploited markets
The whole industry lost its plot already since some VC calling "points - the greatest innovation ever".
Every one doing points/pre-deposit/farms/TVL boost pre-products/TGE to max extract the imaginary valuation up pre-launch.
All alts flow are fronted to these points/pre-deposit/farms instead of buying.
Some VCs thought they are smart enough and solved the token distribution problem, but instead people are depositing money to get the token and sell for 10-20% yield.
What long term user retention?
when we argue out of one side of our mouth "code is law" is redactedly stupid...
then argue that we assume everyone will max profit limited by the code and you shouldnt insert additional law...
you make that golem confused, upset, and invited
