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20/ The beautiful thing about perps markets is they’re all zero sum, so the system can never be insolvent in the aggregate There’s not even real BTC to lose value. Just a big boring pile of cash. Like thermodynamics, in the system as a whole, value is never created or destroyed
testing new Gemini
lore update with 4o
some lore building of my pfp with the new Gemini Flash Model, the original image was a DALL·E 3 generation
i remember early days of DALLE everyone liked the generations because of the novelty, but over time it got characterized as pure slop I fear the same of going to happen to studio ghibli art-style
For subcultures to diffuse to the mainstream their most transgressive qualities are surgically removed - for crypto it was anti-statism and cypherpunk values
Ethereum community has been stuck doing the same debate for 2.5 years now "Why not ship these more important EIPs instead of EOF" good example about the nature of protocol politics
So we can't delay withdrawals by couple of months for 4844 (which most of the community wants desparately) but then instead will most likely delay both of them for shipping EOF. Crazy ACD decision.
some lore building of my pfp with the new Gemini Flash Model, the original image was a DALL·E 3 generation
Protocol politics is fundamentally characterized by acephalousness — no head, no agency, no accountability.
Communism with Ethereum characteristics is just taking the degen shitcoin speculators money and doing quadratic funding of public goods
crypto deterritorialized finance for a brief moment and got completely reterritorialized back into the same system deleuze guattarian schizobros where do we go from here
regarding several things that are currently becoming cool in the mainstream
crypto social tokens boom bust cycle is much shorter than crypto cycles every 6 months everyone rugs their followers and friends on social tokens and then wait until they regenerate some friends and followers ( or they forget because of dementia)
Sam Altman vs Elon Musk is a generational machiavellian battle between the psycho-autist and the schizo-autist
We are indeed currently in the process of large changes to EF leadership structure, which has been ongoing for close to a year. Some of this has already been executed on and made public, and some is still in progress. What we're trying to achieve is primarily the following…
pre-pre-pre deposit vaults post-modern post-structuralist French sociologist Jean Baudrillard talked about this, simulation of simulations
This is actual insanity 🤯👇 In just a few days, @roycoprotocol pre-deposit vaults have amassed almost half a billion USD! 🐻 But Boyco itself is a pre-deposit into @berachain... So these are pre-pre-deposit vaults?! 🤣 Here's the key details: - Berachain has committed 1.5%…
Client diversity on Ethereum was a mistake. It forced Ethereum to become ossified. Every change today involves multiple stakeholders, each competing for the scarce resource of what goes into the next hard fork. The governance process ultimately has no way to resolve tiebreaks.…
-Hyperliquid is opaque and centralized -Hyperliquid has like three permissioned validators -Hyperliquid does embrace technological innovation to bring a non-KYC Centralized Exchange to it's users which is indeed valuable
It's inspiring to see tens of thousands of community members secure life-changing wealth as part of the Hyperliquid genesis event. Importantly, none of these people were insiders. They: 1) believed in the vision for a better financial system when no one else would 2) acted on…
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