Block Enthusiast 🔥🌱🌻🌪️ @BlockEnthusiast
"a driving force towards autocracy is often preemptive compliance towards imagined expectations" DAO/DeFi Ponderer⟠ Shun the non believers! Shun! blockenthusiast.substack.com Ethereum Joined February 2018-
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@NelsonMRosario @fubuloubu @lex_node Hmm, come to think of it, do we know where they are pulling the juror pools from for the Tornado case. Would probably be worthwhile to publicly fund some mailing campaigns to those areas with educational materials about why the case should be nullified.
1/ Next up from our Makers and Breakers in the Rockies tech talk series is "Strategies for Building Robust Smart Contracts" from @alphaK3Y, a first-principles deep-dive into building secure smart contracts
as someone who talks shit on both, totes agree points are worse. memes don't try to arbitrage expectations and outcomes nearly as blatantly as points schemes.
the whole point of points is they don't have to disclose the terms of the deal the house always wins max info asymmetry The deal will always be a lot worse than you expect or they would insist on telling you what you'll get paid upfront
Should lawyers use terms like "social consensus' for FinCen advice which is non binding and "protocol rules" for rulings? Feels like we bind language to trade fi, when we now have better terms for these games locally?
0xngmi @0xngmi
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2K Followers 1K Following professor @Columbia_Biz / research advisor @paradigm / interested in stochastic control, quantitative finance, market microstructure, blockchain@lex_node @BlockEnthusiast Companies don’t have their own currencies that they use to pay for customer acquisition. Perhaps more like cooperatives. More direct democracy, less agency problem, bigger headache of managing diverse stakeholders’ incentives.
That wallet in your pocket? it's a money transmitter. How do I know? Because the DOJ says that if you can only put money into it and take money out of it, then you don't actually have control over it, the wallet developer does.
@rleshner i truely hope it does,, but i worry that we just do deeper into the void
This is the end of the Points Age. Curious to see what develops next!
@BlockEnthusiast it's larp until it isn't x.com/billisajoke/st…
Every red blooded American should be reminded of the events of April 12, 2014. The day the Bundy family got their cattle back.
Palley on the rule of law and practice as a lawyer in this country: How are you supposed to advise clients if nothing has the permanence of law? Not only is the regulator's website saying something different than the DOJ, it's been saying the same different thing for over 10…
Just think about how you’d feel as a client if your lawyer explained that the regulatory guidance on a federal government agency website isn’t dispositive and you might still go to prison if you follow it but that you can’t ask the prosecutors for guidance in the alternative.
@BlockEnthusiast I think in practice they are much more like companies than nation-states.
structuring a DAO like a nation doesn't really make sense-cool experiments like Pocket and Optimism etc. but creates undue complexity cyber-nations comprised of DAOs (aka meta-DAOs), though--these could make sense to have an executive, a legislature, a judiciary, and so on
people poke fun at him but his book resonated with me a lot. you can be humble about your technical skills but also very open to learning and listening to yourself and build great things.
Non-technical DAO members voting on protocol upgrades
@BlockEnthusiast @NelsonMRosario @fubuloubu @lex_node shadow economies ftw
@NelsonMRosario @lex_node Hate to say it, but the answer is a black hat army 😅 The major prongs of modern warfare: sponsored hacking groups, disinformation campaigns, and economic spheres of influence (only the big players play this game though)
Why do you insist on CSVs for airdrops lefteris? Take @eigenlayer as an example. To check address eligibility there is an API endpoint run by them. Calling the endpoint for all your addresses from your ip leaks addresses ownership and location data CSV download leaks nothing
we had only one day of net negative funding but USDe supply has stopped growing not to mention real yield is heavily subsidized since only 300m or so is staked the space for good yield on the carry trade isn’t two yards wide
@sershokunin We’ve now had sustained periods of low / negative funding and the protocol has stayed rock steady. This was never the real risk with ENA.
@Togbe0x Ok, so the speed of adjustement is actualy hardcoded to be the same for all markets 😅 So is Optimal utilisation 🤷♀️
@Rozengarden_eth yeah as I understand it every market on morpho is using the same interest rate set up right now and any new ones have to be whitelisted by governance
@Togbe0x ok no wait, actualy everything is hard coded and every single vault is using the same slope1/slope2 the only inputs from gauntlet is the oracle, the caps and the ltv 🤯
So do any of the decentralized VPN projects actually work? This is their time to shine
it's kinda wild that we just accept token distributions that give 25% of the entire supply to VCs so that they can dump on you
absolutely no one: lets ask eigenlayer how to design insurance contracts
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