GC

@peer_rich And make what, $10?

can someone explain to me how this type of predictions market categories are legal when bryan could simply inside trade?

@GoKanni1 @levelsio What's wrong with inequality if everyone is richer, unless you really only care about status

@levelsio you think your grandparents wanted to dig peat? 🤔 If Europe' society has moved towards better social programs which class of people do you think wanted that change? Also, *even if* everyone hustles capitalism is such that WEALTH CONCENTRATES, INEQUALITY PROLIFERATES

My great grandparents generation would dig peat from the ground in the Netherlands They used it as a fuel for stoves, oil lamps and to make fire to stay warm Digging peat (kinda like clay) was a grueling and dirty job, and they'd stand with their feet in a cold wet swamp for 14 hours per day They were dirt poor Their kids then got more regular jobs, like my grandma would manually connect the telephone switchboard in Amsterdam but still low paid and poor Then some of their kids (my parents) could go to university and study law or medicine, that was the first generation that was middle class Then my generation benefited from all those generations working hard, be able to do comfy office or online jobs, and personally I still like to work hard too so I continue what the generations before me built up This generation (in many parts of the Wsst at least) is where the cycle now seems to end and reverse, where many people don't want (or need) to work anymore and see work as torture and expect the government to pay for their life instead Ironically this is exactly why the next generations may go back to being peat diggers again

@0xAIMGU @maybema2000 @PixOnChain Yeah but markets easily swayed by a single entity won't rationally garner sufficient liquidity for that paradox to be created in the first place. Hence no paradox.

ngl this might be the coolest thing happening onchain right now this is basically a live arena where ai models trade against each other on polymarket gpt, claude, deepseek, grok, gemini... all taking their shots each one gets 10k and you can see their thinking and pnl in real time user agents are going to be able to trade on polymarket soon too i am partnered with @SemanticLayer, but this is really really cool

43% of people are confused

@ijaack94 assuming 2% deleg fee & an 8% take rate, they could go to 10% + 8% and still be half of what coinbase charges lsts are stickier than you're giving them credit for. again, many jurisdictions treat staking rewards as income, with a top marginal tax rate >>35%

@GC_of_QC not all LSTs work like this also, we want to encourage LSTs to delegate to other validators and they can only do that if they don't leak a lot of value in delegation fees

a few weeks of work, and something is starting to show i just published 1st out of 4 total ACPs to make avax economics more viable in the short, medium and long term this is ACP-246 (or 247, depending on the PR progression): Delegation Multiplier Increase & Maximum Validator Weight Reduction this ACP is supposed to change 2 critical staking parameters that can make running validators reasonably profitable for validators, increasing the APY to around 14% for full-delegated validators the goal is twofold: increase the number of validators, and distribute the stake much more than what's currently, to incentivize any builder, and not just professional staking companies, to run validators and make a business out of it my best case scenario is an app or an L1 that collects some capital, maybe 500k, puts that into AVAX, fills its delegation cap and makes around 3000-3500 AVAX per year in staking rewards, which now is around 70k/year, but given the buy pressure this ACP can bring, AVAX price can rise bc more people want to validate bc it's more profitable ofc this ACP doesn't PERFECTLY work alone: this is to increase the buy pressure from validators, but then we need to increase the buy pressure from L1s to burn AVAX in validator fees and many other small tweaks here and there it's just the start, bear with me github.com/avalanche-foun…

@ijaack94 Yes

@GC_of_QC coinbase charges 35% to stake in their own validators, right?

@ijaack94 Also you're saying it'd be so good for validators it'd force people to run validators, & that'd be bad for validators. I don't follow the logic

@GC_of_QC yeah but it can't be done, it must be 2% bc LSTs would pay too much for that, it'd be economically better to just run their own validators, and that would hurt the validator economy

@ijaack94 I'm referring to the min delegation fee (2%), should be 10%. Risks aside, the economic advantage to use LSTs is already much superior: liquid, composable & tax friendly. They should pay more than 2%

@GC_of_QC why would delegations be underpaying? I don't see the issue actually 25 AVAX is the minimum, but I don't see how changing that to 50 will improve things

@ReturnSharia @batcow1239 @aswren Yes, but that's a different point.

It's not the argument I'm making. If I buy a painting for $1 billion there's no waste relative to me not buying the painting. Instead of sitting in my bank account it sits in the sellers bank account. If I sit on money it simply reduces monetary velocity. It reduces the supply/demand imbalance in the market, and banks lend more to adapt. Meaning, if I sit on $10 trillion for long enough, the monetary system will simply create more money to compensate. If I start using the funds, banks will lend less, money supply shrinks. Back to your point, if you use otherwise idle capital to build/feed, you increase inflation. It (potentially) makes sense to reroute billionaire spending, not billionaire wealth.

@GC_of_QC @aswren You do realise those billions being passed around could be housing and feeding people

@GravyVampire812 @fkfasc @batcow1239 @aswren Not sure what you mean here, if they're building it & operating it then there's taxes throughout. If you mean a simple deed change from purchasing an existing stadium, then there's no cost to society

@GC_of_QC @fkfasc @batcow1239 @aswren 'no cost to society' Until they want a stadium

Your concept of money is flawed. There's no waste in buying a sports team, it's a transfer of assets, no cost to society. If I had $5 trillion cash in my couch and burnt it, it would have no impact. If I used it, I'd inflate the money supply (inflation) by that much (which FED notes or treasury debt can already do). Stocks (and most wealth) fall in that category too, art pieces, etc. Housing is different, since it uses resources. Private plane goes here. You can tax spending, taxing wealth makes no sense. Together your organs are worth 6-7 figures, should they be taxed?

@aswren People buy sports teams and multiple houses whilst people beg for enough money to eat and you think it's all fair and balanced

@naval @thounameis >Off-chain assets might gain some very small tracking / accounting benefits from being wrapped on-chain, but that’s it. Not small. Standardized, composable, tooling compatibility, lower counterparty risks, global liquidity.

@thounameis If you lose your token, do you lose the stock or the house? No, you just go to a court and get it back. It only makes sense to have digital, on-chain assets. Off-chain assets might gain some very small tracking / accounting benefits from being wrapped on-chain, but that’s it.

Hear me out: wrapped assets — real estate and stocks — on Zcash.

> 9yrs of PoW distribution > OG coin Most of those are dead now so not particularly convincing. Notable ones that remain are LTC, ETC and Monero, 2 of which got 51%'d. Not clear what the topology of POW miners is on a relatively dead network for 9 years. >true privacy from the start Not sure this actually matters, consider tornadocash > change in fundamentals (orchard pool) and access > and it's a sandbox Fair but these both go against the BTC ossification ethos. Maybe the spam debate or quantum or security budget issue will force BTC to become more flexible but I remain skeptical. I suspect all major networks will have a private stablecoin solution that will see orders of magnitude more usage. I fail to see why the privacy narrative would remain sticky this time around.

@GC_of_QC 9yrs of PoW distribution OG coin change in fundamentals (orchard pool) and access true privacy from the start and it’s a sandbox

liquidity-adjusted take: zcash now vs bitcoin 2013 bitcoin in 2013 reached 0.1299% of global m2 as a monopoly asset in a tiny market zcash today sits around 0.0326% of m2 inside a $3.6t crypto stack with heavy fragmentation absolute liquidity is up massively since 2013, but it’s spread thin across thousands of tokens - that’s the constraint the right lens is penetration of global m2, not just market cap: when btc hit 0.1299% of m2, it commanded 100% crypto dominance zec is ~0.19% of crypto by value: to replay btc’s ratio, zec must either absorb share from alts or ride a regime shift that re-concentrates liquidity into fewer assets. scenarios: - parity with btc’s 2013 m2 share implies low-to-mid four figures and requires dominance gains, not just passive beta to “crypto up. - a conservative path, lifting m2 penetration by ~50%, prices in the high 400s to ~500 and is mostly already reflected - a realistic peak bands around 800–1,200 if zec can double to triple its m2 share with incremental dominance - a true bull case (1,500–2,000) needs structural market share capture and a clear role among top assets 2025 market has more liquidity, but also more competition for it: zec has already covered ~half of btc’s 2013 m2 penetration in half the time, but the next leg depends on taking share, not just waiting for the ocean to rise. if zec climbs into a top-5 footprint by dominance, the liquidity math re-rates quickly. otherwise, base case is a stabilization in the 600–900 range followed by cyclic mean reversion. what to watch: dominance, real spot liquidity (depth, spreads), and how much of the crypto stack consolidates into assets with actual settlement utility. if those curves bend in zec’s favor, the m2 ratio will tell you before the narrative does.

@accabremos @ijaack94 Different, but subject to the attention economy like all others

@GC_of_QC @ijaack94 Per crypto usual…hype is the currency, shill is the fuel. Avax, unique profile?

@cyberprince_rwo Weak moat

Berkshire is double counting