Degenerate Quant (🦇🔊)

Gm

@0xxghost Totally nothing. Why the fuck are you asking? :)

What would 5$ do for you rn?

@Marczeller @jdetychey Like how?

After a long conversation with @jdetychey, Plot twist, he convinced me there's a good path to do this.

@AutismCapital Then it collapses.

In a socialist system, when taxes become 100%, when everything you earned is taken from you, and there is STILL a “budget crisis,” what do they do then? How do they steal money when everything is already stolen? What is the escalation?

@ZeMariaMacedo mostly.

@MrBeast Was away for a few days?

Everyone on earth takes a private vote by pressing a red or blue button. If more than 50% of people press the blue button, everyone survives. If less than 50% of people press the blue button, only people who pressed the red button survive. Which button would you press? BE HONEST.

@KHIZER_JAVED47 Shush, be quiet.

Can’t believe this still works 🤷‍♂️ Hit the ChatGPT free limit? Inspect Element → remove disabled on send button → problem solved! 😭

@Aella_Girl But now people know about it. But, they do not know the URL. Like me. WHERE IS IT? I WANT TO TRY IT OUT :))

I DID NOT THINK THIS GLOSSO THING THROUGH

@Truthcoin OK, but why do you need all that? Why is that valuable?

@0xLazer If there is even one predecessor UTXO that has split, every txn + UTXO that touches it will henceforth also be split So even a little dust will desync the replay permanently

@Truthcoin So after some internal ecash transactions that BTC network does not sync with, there will be different balances in the linked wallets from the two networks. If I then send BTC, there might be not enough ecash to sync send?

To clear things up: - We do not take any of Satoshi's BTC - We **gift** Satoshi 600,000 eCash, instead of gifting 1.1 M - That is **600k more** than Satoshi got from Litecoin, Ethereum, Solana, Tether, etc (ie, 0) - Our coins are not named "BTC", they are named eCash. BTC balances are untouched by eCash. To move BTC, you always need BTC software + the BTC private key. We lack both. Also, on the replay protection: - if you move your BTC, then your eCash will also move - if you move your eCash (eg to sell it), then it will NOT replay on the BTC network - (at least, that is the default in our software, if you use other software I can't guarantee what it will do) It is fun to virtue signal about property rights, I get it. But be careful who you listen to and who you get your information from -- in the heat of the moment, it may not be reliable!

@Aella_Girl I want access and I want to press the button. Is it freely open?

You said you were skeptical cause hypothetical is different when something is actually on the line. I decided to test

@0xSero Indeed.

Wild

@AniseNot Now everybody picks blue.

Ok but this test is announced suddenly. Everyone on Earth must take it immediately, including all children from 3yrs old on up You are not with your children & cannot speak to them before the test is administered Now what do you pick?

@DefiIgnas You just add an extra layer to the existing model. Somebody will hack and mint infinity re-re-re-restakedETH all the same, the only diff - somebody else (you) is holding the backing assets.

But ETH alone can't cover every type of misbehavior. Some attacks are subjective, like an Operator signing a technically valid but malicious packet (isn't what layzero claimed it to be?) Hard to slash ETH for that without consensus risk. So you'd need a second token. Something for intersubjective slashing, governance, and paying Operators when ETH rewards aren't enough. Call it $BEIGEN. Forkable, slashable on social consensus, the work token of the whole system.

Simple idea how to avoid rsETH-type contagion in DeFi. You deposit ETH into a pool. Or better, stETH so you keep earning yield. You're basically restaking your already staked ETH. Now services like LayerZero's DVN can use that restaked ETH for their security. Not just bridges but oracles, DA layers, sequencers, anything that needs cryptoeconomic guarantees. We could call them Actively Validated Services (AVS for short). Obviously you need Operators who actually run the AVS work using delegated restaked ETH. They get paid for it with extra fees so stakers earn passive yield on top of staking yield. Aligned incentives. And because managing all this restaked ETH and picking Operators is really hard work for retail, there could be liquid wrappers. Like stETH from Lido, but for restaked ETH. They handle Operator selection for you. We could call them Liquid Restaked Tokens (LRTs). If an Operator misbehaves or signs a forged signature, we slash that ETH. Like an insurance fund inside the protocol layer! So no need to for Defi United donations in the future. I think this could really work.

@waitbutwhy Game theory says everybody should press the red button, and everybody will survive.

Everyone in the world has to take a private vote by pressing a red or blue button. If more than 50% of people press the blue button, everyone survives. If less than 50% of people press the blue button, only people who pressed the red button survive. Which button would you press?

@kaish3n take 1/3 profits

Asteroid on sol just hit 300m. Every 1 hour there’s a 20m runner. I’m up 6.7m usd. Everyone else is up 6 figs. April couldn’t have gone better.

@eldarcap @aave @StaniKulechov Really hope so.

The more time pass the more my expectation for the solution to this crisis from @aave team @StaniKulechov increases. So few communication like this is really bad optics. At this point I expect they find a way to cover all people point.

RT if you thought cryptocurrency would make you a millionnaire

@0xNairolf I still do not get why L2 holders should be penalized, instead of a broad haircut. ELI5 pls?

realistically, if your ETH was supplied on base or arbitrum what are the chances of recovery? seems like there are some paths on mainnet but nothing obvious on L2s… sucks as it is mostly the networks retail is using

@banteg They must be in that one virtual room already, aren't they?

we should get layerzero, kelp, aave into a room to figure things out between them. so far things are not looking good, everyone has lawyered up and going full pvp on each other.

@pinedegen @thedailygwei Interesting, but why other non isolated markets e.g. USDC have to take a hit? What's the logic?

This is what I'm hearing from smart mfers in @thedailygwei discord regarding the rstEth/KelpDao situation: The order for haircuts is as follows: 1. Umbrella stakers up to 30% haircut 2. Aave Treasury depending on DAO governance 3. Depositors in non-isolated markets (ETH, USDC, USDT, GHO, stETH,etc) 4. Depositors in isolated markets Native ETH lenders on mainnet are in the least risky position as opposed to those with positions on L2s KelpDAO could try to change the rules though and try to socialize losses across L1 and L2s/altL1s