Dude

@lipsikz @MustStopMurad Amen

I spent most of 2024 rotating in and out of different memecoins. That all stopped in November when I became a $SPX maxi. I’ve never seen a stronger community. A community who believes with all their heart that #SPX6900 will indeed flip the stock market. A community like this will captivate the masses and they will gravitate to the #1 memecoin of this cycle. 6900>500

@MustStopMurad SPX6900.

BTC will go above $200K Top Meme Cults will 100x+

@jimmysong Great post

Debt debases property rights Debt is weird. You borrow something against some collateral you have and return that something, usually with interest later on. Technically speaking, debt is a displacement of money over time, allowing you to bring consumption forward. What's weird about it isn't the mechanism, but what happens with the collateral. The collateral is something you own and by putting that up against what you're borrowing, it's not really "owned" by you anymore, but rather shared. There's a debt contract where you own the collateral if you pay back what you owe, or the lender owns the collateral if you don't. It's like Schrodinger's cat, but with property. The ownership of the collateral doesn't resolve until the debt is settled through repayment or default. And since the debt settlement is in the future, the property rights around the collateral are in an in-between, uncertain state in the present. Now I'm not writing about possession or property rights in the legal sense. Various jurisdictions have different rules about who controls the collateral during the time of the debt. For mortgages, the borrower gets use out of the house, for pawning, the store takes possession during the duration of the loan. That's a practical question and the rules differ. When I say that debt is weird, I'm talking more about the metaphysical property right. Whose is the collateral? It's a bit of a tangled web because both parties have some claim to it. It's not entirely owned by one party or the other during the duration of the loan, and it's that ambiguity that debases the collateral in question. Suppose, for instance, that during the duration of the loan, the collateral is exploited in some way as to reduce its value so that it no longer covers the cost of the loan. This very well may be the economically rational thing to do if the borrower plans to default. Take for example an auto loan. The borrower can use the car as an Uber during the months it takes for the bank to repossess it to earn money while depreciating the value of the car. Similarly, a person with an underwater mortgage may use the place to host events and trash the place while not making payments. In other words, the lack of clarity around who owns what makes for bad incentives. Of course, this is exacerbated in a fiat monetary system as debt, particularly collateralized debt, is ubiquitous. The debt printed out of nothing decreases the incentives to take care of property that ends up as collateral. In other words, debt, especially fiat debt, debases the things society finds most valuable, particularly as the debt goes bad and default becomes imminent. Of course, there are many debts that are repaid and collateral remains pristine. But those are situations where the loan plays out as expected, that is, the collateral stays at or increases in value. When the unexpected disasters happen, particularly when it's at the macro-economic level, the mechanism of fiat debt ends up destroying way more value than simple possession. Which brings us to the many different debt mechanisms in the Bitcoin space. The more I study it, the more I'm convinced that adding debt mechanisms is generally not a good idea. I think it's fine for two consenting parties to do a debt contract. But complicated "DeFi" solutions all end up in weird places because of the lack of possession. There usually ends up with some trusted party that abuses the collateral in their possession and we get disasters like 3AC, FTX, DCG and Celsius. As Hoppe says, all rights are property rights. Let's not debase it in some degenerates' quest to play more financial games.

@0xdgb @SuperRare @XCOPYART @videodrome @bottoproject @VanArman @MattKaneArtist @fewocious @NeuralBricolage @osf_rekt @muratpak Nice work!

This just blew my mind… The Top 10 Artists on @SuperRare in the last 12 months! 💎🤯 1. @XCOPYART 2. @videodrome 3. @bottoproject 4. @VanArman 5. @MattKaneArtist 6. @fewocious 7. @NeuralBricolage 8. @osf_rekt 9. @muratpak 10. @0xdgb What an honour! 🥹🖤

3 month since launch + Patron NFT Mint celebration, giving away (courtesy @BobLoukas) amazing #Gazers #521 (19e floor 😲) generative art @MattKaneArtist FOLLOW US, RETWEET and LIKE for a chance. 👇👇 🚀🔥 Station3 Patron NFT Mint - July 11th - See mint.station3.nyc 🚀🔥

@patterndotco Your work is remarkable. I’m excited to see what the future holds for you

Velum wasn't even 4 months ago. Since then I have built 2.5 Long form projects and dropped only one 1x1 with Sotheby's. In many ways the success of Velum has given me the luxury of being able to take my time and wait for the right partnerships and moments to release projects when they are fully baked and not before. Making our best art shouldn't be a rush job. I feel the best projects evolve on their own timetable. That doesn't mean art has to take a long time, just that it shouldn't be served before its done cooking. Gn friends

We're doing it again! This wonderful #Fontana from @patterndotco will be raffled to one lucky person who - FOLLOWS @Station3NYC , LIKES, RETWEETS this. Drawn Fri May 5th Fontana by Harvey Rayner is a stunning ArtBlocks Curated collection. Read more about Station3 in thread.

@punk6529 Well said and thank you for sharing

1/ On Collecting A Piece Of Art This is the expanded version of "Buy what you like, at a level you can afford, plan to hold forever" I am going to tell a story I have told before, as context. I was 22 years old in NYC and was sharing an apartment with 2 other "analysts"

@patterndotco It was great connect! Good luck, my friend.

Great to be home after fun trip to NFT NYC. Gen art world starting to feel like one big family. Good vibes at every event we attended. Looking forward to cracking on with work tomorrow. Gn ❤️🙏

@squiggleDAO Oh Hi. Fuzzy here.

It’s a beautiful #SquiggleSaturday and we’re calling out the Fuzzy Fam today. Where is everyone 🌈🔊 Featuring Fuzzy Squiggle #3010

@defianceworks @uncut_hems Just sent mine to the framers yesterday!

In all this madness - soothes the soul to get this back today 😍 @uncut_hems

@GrantYun2 I stopped paying attention, been brutal

pretty burnt out from seeing PFP drama 24/7 on my feed

@patterndotco Sign me up!

Continued from previous post - These output groups in turn will form the building blocks of a huge composite physical work intended for the trad gallery world and both Web3 and trad audiences. Owners of the tokens own a fractionalized part of this grand realization of the project.

@patterndotco These are beautiful, and timeless.

Gm friends. I have this idea where the community generates outputs from phrases. When a great phrase creates a great output we mint it! But the phrases have to reflect the themes of the work. What are the themes? The community helps to articulate this.

@GrantYun2 @JohnAstorV 🔥

A grant yun pfp is a subtle flex

@terra_punk @doodles Socks.

Everyone in the @doodles community has been waiting for something to be excited about and we get fucking socks. Kind of feels the same as getting socks for Christmas 😂

@phomo_eth @GrantYun2 Prove it!

what if i told you that you could own a serial 1/1 by @GrantYun2 for 2.2 eth? 🤔

@0xdgb @patterndotco Congratulations to you as well! 🫂

@patterndotco @optimistdood Congratulations to you both 🫂🖤

Huge congrats and thanks to @optimistdood for winning my Wonderland Entropy Auction at $13,970! - I'm going to put the algorithm on-chain and hopefully this will increase the provenance for the buyer. This being my first ever 1of1🙏❤️

@sama Love the lego sneakers, happy to say we're matching :)

excited 4 today

@MBF_ETH Love this so much. That was quick.