@dadabit Throw away holiness and wisdom,
and people will be a hundred times happier.
Throw away morality and justice,
and people will do the right thing.
Throw away industry and profit,
and there won’t be any thieves.
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Crypto Sanity
2.2K posts
Crypto Sanity
@cryptosanitymag
Madness in, sanity out “Within groups selfish individuals beat altruistic individuals, but groups of altruists beat groups of selfish individuals.”
انضم Temmuz 2015
97 يتبع993 المتابعون
@dadabit Therefore the Master acts without doing anything and teaches without saying anything.
Things arise and she lets them come; things disappear and she lets them go.
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It is resonating more and more with me. Why I did not grok it so intense before, dunno. Too good begets too bad, utopia begets dystopia. Rewards begets punishment. The moment you yearn for an extreme good, you instantly create the extreme opposite. nothing without the shadow.
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@theunforgivn81 @whiteboyjustdie @MorePerfectUS Loan officers would look at the overall picture, many viewed their role as benefitting community development. This greatly helped small business and minority customers starting out. Mass standardization paved the way for destruction of local banks and local economies suffered
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@whiteboyjustdie @MorePerfectUS Do you know what methods were used then? Were they better or worse than credit scores?
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Here is a list of things that are older than credit scores & overdraft fees:
Nina Turner@ninaturner
Overdraft fees were created in 1990. Credit scores were created in 1989. We can live without them.
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@cmariedreams @UHLEESHUUH @BowmanNancy @KiaRichards_ @Porkchop_EXP To me the great thing about science is it always leaves the door open.
Good science is *literally* about listening to observations that are unexpected and then searching deeper
That's why scientists are actually studying this phenomenon nzherald.co.nz/lifestyle/glut…
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@UHLEESHUUH @BowmanNancy @KiaRichards_ @Porkchop_EXP Chemically it’s impossible. Science isn’t interested in anecdotes from uninformed people who make up stories
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I am very hesitant to assign obesity in the US to lifestyle.
Something is DEEPLY wrong with their food quality.
You know this because Europeans immediately gain weight in the US without changing their eating habits and lose the weight just as easily when back in Europe.
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@OmicronData @sailorrooscout Covid is unfolding close to my Bayesian priors, although it is evolving more rapid than I thought and I was hoping that vaccination would reduce long covid more than it appears to.
How close is it to yours?
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@OmicronData @sailorrooscout I had the same argument with climate scientists for years. The mechanisms of tipping points are obvious but they don't want to include them without bulletproof data so just kept using equilibrium models. Now things are destabilizing and constantly it is "worse than expected"
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This article, shared widely today, is shockingly wrong it needs to be challenged very firmly.
There goes another day of work.
thetyee.ca/Analysis/2022/…
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Crypto Sanity أُعيد تغريده
Lots of chatter this is exactly what's unfolding...supposedly less than 10% to go until mass liquidation cascades
Crypto Sanity@cryptosanitymag
Another scenario: There is a unlikely but decent risk (10-20% imo) that things will get much worse from here very quickly
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@pandemik0 @fitterhappierAJ @gianlucac1 No, anti-virals speed up mutations. Monoclonal antibodies are linked to new variants; surely Paxlovid will be
The focus must be on zero covid. Vaccines help reduce spread/bad outcomes and anti-virals are great for high risk patients...but we need to walk and chew gum
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@fitterhappierAJ @gianlucac1 Given this, was immunisation the wrong focus? Should anti-virals have been the priority in the global health response?
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Yea, I told you guys.
Sars cov 2 is sufficiently rapid and immune evasive enough to reestablish itself and beat adaptive memory.
Omicron even more so
thanks @gianlucac1
doi.org/10.1016/j.immu…
AJ Leonardi, MBBS, PhD@fitterhappierAJ
@JHowardBrainMD @ENirenberg this virus beats adaptive immunity and memory.
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Crypto as a whole needs to move from "design to succeed" to "design to fail" with clear scenarios that capture the most extreme events possible
If the community works together a list can be generated covering most scenarios and stress testing completed before deployment
Blizz Finance@BlizzFinance
Chainlink pausing the LUNA oracle allowed several attackers to deposit millions of LUNA which is still worth $0.10 according to the Chainlink oracle to borrow all the collateral. The protocol has been drained before we could pause due to our timelock.
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Crypto Sanity أُعيد تغريده
Over *four years* ago I was a research analyst at @scalarcapital.
The Terra / $LUNA deal came across our desk and I was assigned to it because I was the DeFi guy. Here's what I had to say about the project.
How did we allow it to end up like this?
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@Dan_Geis A few of those will be very niche and optimized around specific use cases.
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Ok just checked and MIM has held. So I will say it's resilient haha
Crypto Sanity@cryptosanitymag
@AJ901 @buddyguy010 But I'll say this. If it survives $UST-$LUNA deleveraging spiral getting activated (potentially very soon) and Luna plunges 50% or something...with big UST depeg and incredible collateral evaporation Then I'll be open to saying it's resilient
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@LeCoq_Grande_ @chikn_nft @btcflower Going backwards. "Show me the logic and I will show you the incentives."
"Show me the worldview and I will show you the logic."
"Show me yourself and I will show you the worldview"
Crypto people largely share the same DNA as what they despise, recreating the drama
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@LeCoq_Grande_ @chikn_nft @btcflower The underlying logic of the early cryptophiles guaranteed this outcome...which is why I decided not to participate from the very beginning at extreme detriment to my personal wealth
As the Munger quote says "Show me the incentives and I will show you the outcome."
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My $USD will likely never be redeployed back into crypto. The very thing that brought me to crypto was because I viewed it as a middle finger to wall street.
Sadly, it has become exactly what it set out to defeat..
So personally I think it's time to diversify
1/2
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If this occurs then I hope crypto survives enough to learn from it
Best wishes to everyone and f the psychos, but really the design makes this inevitable
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Once the system is mapped out and the entry points understood, it is trivial to pull off
Ironically the transparent nature of the chain and sharing of positions makes this much easier
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Another scenario:
There is a unlikely but decent risk (10-20% imo) that things will get much worse from here very quickly
Crypto Sanity@cryptosanitymag
So there was a mini-bounce inbetween which delayed us a couple months but potentially we just saw this flushout. Will it be the last?
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