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@RoxNFT

SMB #2644 | Former @MonkeDAO Governance team | DMVDAO | Invested in 20+ projects | Building community on Twitter, Discord and IRL

Katılım Eylül 2021
638 Takip Edilen1.4K Takipçiler
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R◎X@RoxNFT·
The last 29 @SolanaMBS in a row reported by @SMB_SalesBot have been above the floor price of 220 Sol. I've never seen any NFT project on Solana or ETH with a similar streak at any point in time.
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R◎X@RoxNFT·
@Branche_SC Does this constitute animal abuse?
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R◎X@RoxNFT·
@iamkadense We need to capture a new generation of TikTok retail investors. Ripple has done an excellent job of that this cycle.
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Branche°
Branche°@Branche_SC·
Happy Thanksgiving to all, including to the Extreme Ethereum Maxis who have worked so hard to destroy our Industry, but who have miserably failed, and will always fail, because their ideas and technology are so hopelessly bad that the great people of CT just gave a landslide victory to those who want to INCREASE BANDWIDTH AND REDUCE LATENCY! Don’t worry, our Blockchains will soon be respected, productive, fair, and strong, and you will be, more than ever before, proud to be a Solana holder!
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S◎L Big Brain
S◎L Big Brain@SOLBigBrain·
Frens….do not let me take all your $SOL pls
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R◎X@RoxNFT·
@cozypront Your monke has the right idea. Cowboy hat.
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R◎X@RoxNFT·
@SolportTom F2iizvVTHUzLPA8pKtRVCLYVgyf5WEaxvhVuMwPzAQJb
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Tom
Tom@SolportTom·
We’re building a database of active Solana wallets with X accounts for an idea we had for the BONKpad. Every reply will be logged/stored programmatically, no promises on what it’s for but it may come into play. Comment your wallets below. 👇 🐶🤖
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Branche°
Branche°@Branche_SC·
At risk of jinxing it, bottom
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R◎X@RoxNFT·
@SolNFTs Old enough to have unpublished projects that Nom liked. Ahh. What could have been.
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NFToly
NFToly@SolNFTs·
Show me how long you’ve been on Solana with an image
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jords
jords@jords·
would you keep the same % of your net worth exposed to crypto if you were 5x richer?
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R◎X@RoxNFT·
@Branche_SC My brother's company still primarily hires recent college grads and trains them. And they heavily leverage generative AI on most tasks. Interesting combo of lower average wages and higher output per employee than just a year ago.
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Branche°@Branche_SC·
Noticing this too - it’s great to push for more lean operations in bloated corporate structures but between GPT assisted engineering and demands for more output it’s tough to see how people make time to train entry level folks these days
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Branche°
Branche°@Branche_SC·
Ethereum L1 Fees Are Doomed to Compress Why? Let's start with a few of the assumptions (there will be more throughout the argument, this is a starting point) going into this: 1. At scale (i.e. mass world adoption) the actors that care about "alignment" are much smaller in total size than the actors that do care. The actors that do not care about alignment prioritize security, costs, and eventually speed (if using L2s+). 2. Some L1, in this example Ethereum, has achieved an incredible amount of market share for value settlement - RWAs/user transactions on Ls 2 - 8/whatever we'd like. Ethereum has made significant improvements in data availability to enable this. 3. There is robust bridging infrastructure between Ethereum and other L1s, as well as its L2s. Given the above 3 things being true, which I think even Eth Alignment guys would probably accept (although I haven't pressed on this specifically) there is a valuable market opportunity in being a provider of "Ethereum but incrementally cheaper". All the same technical stack, with a slightly different, less expensive gas fee calculation (let's say changing how Base Fee is calculated). With the assumption that making "Ethereum but incrementally cheaper" is possible (which it almost certainly is), then the non-alignment actors from Assumption 1) are incentivized to use the bridges from Assumption 3) to optimize their cost structure. As soon as a price war ensues, without some element of collusion, fees inevitably compress to breakeven + some marginal level of profit required for the exercise of maintaining this infrastructure to be worth it. Given it's possible to make "Ethereum but Slightly Cheaper" it is also possible to make a cheaper version of that and so on until cost of transacting is compressed to incredibly small amounts. Why do I have a high degree of confidence about this? Let's examine the history of transaction fees on major payment card issuers (aka "interchange"). Some argue payment cards aren't a perfect example, but imo interchange is the closest thing to Users & Businesses directly bearing the "cost to transact" we have in TradFi outside of Wires, but Wires are an infrequently used product for most users (source, pls trust me on this one). I believe due to this it's the closest analogue for blockchain infra dynamics we can use to model outcomes. When payment cards were first introduced in the 50s, the initial interchange fee was 8% (Source: a former Amex executive I know). While I don't have historical data going too far back, add on that data point to these graphs and it's clear the trend of fees is down-only provided competition is robust: Also consider there's regulatory pressure that compresses these fees further, especially in debit transactions, but we can hold that out of consideratio for now. (I suspect if Eth became a major piece of world financial infra, things like MEV would get regulated to the extent possible) With this data in mind it's hard for me to imagine a world where Ethereum maintains its fee premium (even if it's an auction, if blockspace is ever fungible it still converges to near-zero), which leads us to examine why someone would be betting on an older tech stack to execute a World Computer-style infrastructure. Rearchitecting Eth L1 is more challenging than adding L2s to Solana if blockspace ever becomes insufficient on Solana L1 (unless Ethereum's history of development suddenly stops being as... plodding as it is to launch things like PoS). Based off my experience in rebuilding banking infrastructure I suspect the process of conducting a major redesign in the Ethereum stack to compete with a design like Solana's would be take much longer than is reasonable to dispel this argument. I can't say with absolute certainty that Solana is the "L1 to credibly compete", but I am very confident that the credible L1 competitor to Eth L1 will look much closer to Solana's design than Eth's design including optimal fee levels and transaction ordering. First attempt at effort-posting on any of this, have mercy.
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R◎X@RoxNFT·
@RickiCryptoStix @MetaMask Sorry to hear that, brother. There are a ton of major accounts I've seen get their metamask wallets drained in the past few weeks.
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R◎X@RoxNFT·
@Branche_SC It's kind of a trailer park option, but you could put the desk on bricks or cutouts from a 4x4.
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Branche°@Branche_SC·
My crippled right leg finally feeling well enough to use the standing desks but the standing desks are actually 4 inches too short at max height to comfortably use
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R◎X@RoxNFT·
@jacobdotsol @LtLollipop9 @MonkeDAO I told you, we’re an anarcho-syndicalist commune. We take it in turns to act as sort of executive officer for the week…but all the decisions of that officer have to be ratified at a special bi-weekly meeting…by a simple majority in the case of purely internal affairs...
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jac0xb
jac0xb@jacobdotsol·
The ironic thing about @LtLollipop9 trying to mansplain decentralized governance to @MonkeDAO members is that @MonkeDAO is an actual functional DAO whereas HadesDAO is currently operating as a decentralized oligarchical political structure.
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