Richard Red 🦬

Version 1.0 of cryptocommons.cc is finally ready! I have written up the changes since the initial release about a year ago, so people who have already read version 0.8 can get straight to the new material. It also doubles as a review of 2020: blockcommons.red/post/ppcc-chan…

@ercwl @tarunchitra I love these stories too, thanks for writing this one up, and all of the hex reporting. If you do write some of this stuff up I'd be interested to contribute. It's great source material for the kind of research and writing I have done about crypto.

this post is dedicated to @tarunchitra who says i should write a book about all the idiotic crypto cult nonsense i see but knowing myself i'm probably never going to write that book, the best i can do is the occasional tweet

i know i'm not supposed to talk about it i know i'm not supposed to talk about it but it is too funny for me not to say anything at all i need to recap the situation unfolding on pulsechain right now > richard heart creates hex > the only utility of hex is that you can stake it and print more hex > people stake hex for many years > the hex contract is written with inefficient code logic > ETH L1 fees went up > the SLOAD opcode cost changed with the Berlin fork in 2021 > it suddenly costs thousands of $ in gas to unstake HEX > cost to unstake is more than some people's entire HEX value > richard creates his own copy paste version of ethereum with all of the chain state so people can interact with a hex fork on this low-fee fork > raises a billion dollars to launch this chain and it takes 2 years to ship, but eventually it happens > richard tries to steer people to honor the version of HEX on his new chain (pHEX) the "real" one, calls the one on ethereum dead/says "the market has decided" > this copy paste fork doesn't only have the state of the HEX contract but the state of ALL other ethereum contracts at the snapshot of the fork > all contracts are broken of course but some contracts CAN be saved if you scoop up enough governance tokens and replace the contract dependencies/oracles > for some reason the hex community becomes obsessed with the forked version of the makerdao contract > some "midget" guy called maria who dresses in glitter comes along and says he's invented true randomness and worked with nasa and a bunch of bullshit > he buys up a bunch of the worthless DAI tokens on pulsechain called "pDAI" for nothing and pairs it in AMMs with a bunch of other nonsense tokens in the pulsechain ecosystem > hexicans think he's a genius because they don't understand what he's doing or why and because his shirt is glitter like richard's (tbh i don't understand what he's doing either) > a myth starts to spread that this pDAI token is going to get pegged to $1 because hexicans believe maria and richard are going to fix the contract and save pulsechain > the worthless pDAI token pumps a lot > some hardcore pulsechain theorists calculate that the paper value of richard's holdings (he owns 95% of the supply of all of his coins) would be able to fully collateralize maker contract despite there being like 50 billion in pDAI supply (the math doesn't really math but whatever) > half the pulsechain ecosystem buy into this pDAI narrative > pDAI starts trading at $0.02-$0.03 and becomes one of the main religions in pulsechain in richard's absence (he can't really stream or talk because he's sued by the SEC/on the run from interpol) > everything RH tweets becomes twisted/interpreted by the community that he's imminently going to peg pDAI > pulsechain community starts praying for "the peggening" > literally dozens of pulsechain influencer accounts screaming about "the peggening" every single day > would be an instant 50x for the poor holders (their last hope basically as everything else on the chain has gone to shit) > wait > oh no > something is fucked up with the maker contract on pulsechain > some address has the ability to print as much DAI as he wants > mints tens of millions and starts dumping it for other coins > the midget maria glitter guy gets spooked because all his projects are tied to this massive liquidity pool he set up between pDAI and his own project coins (which are then paired to all other core coins in the ecosystem) > maria starts a livestream and starts live dumping $300k worth of pDAI infront of everyone > says pDAI is a counterfeit operation run out of vale, colorado that targets "crypto pioneers" > says they stole his family rifles from his aunt's house in kentucky (???) and he needs protection or something > says he doesn't understand makerDAO and that richard never had anything to do with it > pDAI keeps collapsing due to the exploiter address minting more and more supply and dumping it for other coins and bridging out > richard who had previously bragged about the pDAI price chart tweets that he dislikes how people make up fake narratives about how he's behind certain coins when he's not > pDAI believers in full on crisis mode > the narrative that prevails is that richard _must_ say that he's not behind pDAI because it's dangerous/bad to be the founder of a decentralized stablecoin > prices keep collapsing > all coins are rekt because pDAI just keeps minting and dumps through AMM pair after AMM pair > pulsechain (PLS) hits an all-time low > in two weeks hexican top influencers will have to pay me $132k worth of bets that pulsechain would have done a 10x by this time (it's down -75% from launch and never went anywhere during any of this)

@MorePhorUs @DecredSociety @xmrbazaar if more than 10 people send the same request, i shall set up bison relay and accept dcr

7/18) 6. Political decentralization The power of influence is unavoidable & an inevitable aspect of human nature Political analysis is needed to map influential figures & factions Technically decentralized chains are still centralized if a founder cult of personality dominates

the real blackpill: credible neutrality is impossible without immutability, is not actually an "Ethereum value" (see Lido backlash and below) 'rough social consensus' downplays very real dev power "social contracts" is a post hoc rationalization of coerced outcomes social slashing is regressive kangaroo court mob rule that ignores the idea of due process, bias, etc. that inspires why we have rule of law, rules of evidence, randomly selected juries, etc.

Issue 64 of Politeia Digest is online now. @cakewallet integration is back for another try after failing to meet quorum requirement. There is also a new PR proposal from @MondePR which is likely to be abandoned, as well as the inactive Odaily proposal. blockcommons.red/politeia-diges…

Stanislav Petrov, the man who saved the world from nuclear disaster, on this day in 1983, 39 years ago today, saw the word "LAUNCH" flash across the Soviet Union's attack early warning system. His screen stated with high reliability that a total of five American intercontinental ballistic missiles (ICBMs) had been launched and were headed toward the Soviet Union. Petrov had to make a decision: should he report an incoming American strike, or should he hold off, confident that what they were seeing was a false alarm? If he reported it, Soviet nuclear doctrine called for a full nuclear retaliation. There would be no time to double-check the warning system or seek negotiations with the U.S. This occurred during the Reagan administration, which had taken a firmer stance against the Soviets compared to previous administrations. The Reagan administration was deploying Pershing I nuclear-armed missiles to West Germany and Great Britain, capable of striking the Soviet Union. Given these circumstances, Petrov had reasons to believe that Reagan's brinkmanship had escalated to an actual nuclear exchange. However, Petrov chose not to report the incoming strike. In the end, his decision proved to be correct. The system had mistaken the sun's reflection off of clouds for a missile. A 1979 report by Congress had estimated that a full-scale Soviet assault on the U.S., and an eventual counter-strike, would have resulted in over 100 million deaths. Petrov, almost single-handedly, prevented those deaths. Despite being right, Petrov was relentlessly interrogated afterward and never rewarded for his decision, according to David Hoffman of The Washington Post.

Issue 59 of Politeia Digest is online now. Another two new proposals this time: a new Decred Vanguard initiative which has already started voting, and a content proposal from @btcecho. blockcommons.red/politeia-diges…

gm 🫡 We're convening the industry's leading thinkers and builders in Sybil defense, identity, & reputation. None of us are going to "solve" any of these problems alone. Reply to this tweet if you'd like to join a group where we help each other and discuss the bleeding edge of each of these topics 👇

@gitcoinpassport I am interested in joining such a group

If you're the reason a pink-haired commie (they/them) doesn't join, use, or develop on Bitcoin, you're probably an enemy of Bitcoin. You may not think of yourself that way but it's true. You've failed to separate your tiny personal insignificant ideology from the bigger goal.

This week we've done many mainnet atomic swaps with ETH and USDC (ERC20) with newly-deployed contracts. github.com/decred/dcrdex/… It's all ready folks.

He's riding a Bison, Clay Stakey is now @BisonContent!! The DCR Bison joins with Clay to urge the stakeholders, get your tickets out for the Revival!

@decredmagazine RR has been a trooper.

It would also cover @BlockCommons and @pi_crumbs, if those are more your thing!

My new proposal is now voting on Decred's Politeia, if you have tickets I would appreciate your vote. It is quite a departure from my previous research proposals, including stuff like Clay Stakey and @BisonContent along with testing, admin, helping out. proposals.decred.org/record/f12258b

NFT influencer twitter is like if there were a casino where people who hit the slots jackpot became celebrities and started lecturing everyone about how to get rich.

@DecredSociety Yeah been thinking about this too, I'll probably write something like it if my proposal is approved.

I’d like to see nostr and BisonRelay compared. One thing I like about BisonRelay is the Lightning Network payment system is already built-in and working. LN transmission fee acts as spam resistance. I love being able to tip someone 1000sat at zero cost (1sat) for content p2p.

@polarpunklabs I've got a 2019er 😉 cryptocommons.cc/foss-for-cpr/c…

@polarpunklabs "Bitcoin Maximalism" is a tool which has been crafted to take on this challenge directly, those who won't participate in reinforcing the sacred rules are seen as weakening or dangerous to Bitcoin, and so encouraged to leave.

@griffgreen But on the other hand freedom to create an address without cost does make the system more open to people, in practical terms making it easier for people to earn rather than buy their way into being able to use the system. Had not occurred to me in exactly those terms before.

@griffgreen Fair enough, I agree that it doesn't fit the definiiton of any of the "types of good" perfectly. I guess I discounted the unlimited addresses because only a small fraction of people could use them at the same time without causing a congested tragedy of the commons.

Bitcoin, I would argue, is a public good: It’s non-excludable: Anyone in the world can create a BTC address and receive money from anyone else in the world. It’s non-rivalrous: If someone creates an address it doesn't impact anyone else's enjoyment of the network.