TokenPhysicist

there are cathedrals everywhere for those with eyes to see (slime molds are incredible, you should learn more about them)

Who in crypto is still working on creating genuinely currency-like things? Feels like most of the space gave up on the project a long time ago, and we're now firmly in the meta of tokenizing already existing things.

be me find interesting looking moth look it up has a cool name distribution is Holarctic wtf does Holarctic mean? look it up on Wikipedia "Holarctic realm" is a bioregion that covers almost but not quite all of the northern hemisphere pic related, it's the moth (Argent and Sable)

you step out of the scanner the agent informs you "you've alerted. I've got to give you a double dirty reach-around sloppy trombone. we can either do it here or I can drive you to a second location"

it's 2050 and you're passing through TSA you walk into the new scanner "RIGHT HAND BLUE, LEFT FOOT GREEN!" bellows the TSA agent you comply, but the agent follows up with "MAKE THE FACE!" you don't know what "the face" is the agent cattle prods you it's the price of safety

A stump covered with pinewood gingertail mushrooms

@zengjiajun_eth Neat! I've seen a few of similar products as well as building my own. A few things I'm curious how you are thinking about: 1) structuring liquid markets for the options 2) improving UX for rolling over options 3) what assets/positions you think there is demand for using this w/

Leverage on ETH that can't be liquidated. Now live on testnet. Cleave splits 1 ETH into a cash half and an upside half that always add back to 1 ETH. No loan, no margin, nothing to liquidate. Try it free, no wallet needed 👇 testnet.cleave.market

@z0r0zzz @alpeh_v the original idea behind the EIGEN token was monetizing the value of diverging beliefs, where in a contentious event you'd end up with two tokens and value would fluidly flow between the diverging tokens depending on the split of belief in what the truth is

@alpeh_v the better argument for 'tokenize everything' is so we can approach the oracle problem better by having composable artifacts about the truth of the world based just on trading

i do think that prediction markets will continue to discover the philosophical impossibility of ascertaining truth of events the hard way until they paper over the problem by adding "oracle insurance" or something

@alpeh_v "too big to lose" (the bet) I agree this is ironically already how the economy is structured

then its like 10 years till the resolution insurance on a controversial global event can't payout because the market is too big and the fed has to bail it out because banks were doing war hedging

Bit overdue, but I've joined the @angstromxyz team. I've been excited about MEV recapture for a long time now, and we're building cool stuff over here! $1B in total volume is just the beginning; more coming soon 👀

unfortunately I found this candlestick fungus during the day far from home. they glow in the dark, hence the name. still a cool find though

normally I deemphasize the urban nature of many of my mushroom finds, but with this one it's kinda the whole appeal

@stemcellpaul1 it was softer than I expected! most shelf fungi like this are wooden to the touch, but apparently reishi are soft enough that they can be eaten fresh instead of just going into tea

@TokenPhysicist It looks gelatinous.

I found a Reishi mushroom in the wild. This is one of the mushrooms contained in (some) mushroom teas -- there are lots of people out there consuming powdered *something* and trusting that someone grew or foraged these, dried them out, and ground them down

@WazzCrypto The problem is everything else seems to be dropshipping now too. eBay, etsy, WayFair, etc. are all identical. Retail stores will sell store-branded versions of the same no-name chinese crap to the point that there are websites for finding the cheapest retailer of identical items

Ok I gotta short $AMZN because how the hell did it go from "here's 5 trustable brands" to "here's 1500 trash chinese brands dropshipped by a 18y old" in the last 5 years

Amanita muscaria remains perhaps the most recognizable mushroom in the world. I met a couple gentleman staring at this bad boy which was growing next to the sidewalk. The cap was ~6 inches in diameter, so definitely on the larger side

@thedefivillain seems like a trap that is highly likely to go low-yield + illiquid again. no guarantee of liquidation if SKY drops enough either; might as well just lend to Rune directly w/ a handshake. @ImperiumPaper has a lot of good posts on it, e.g. x.com/ImperiumPaper/… and its QTs

What's the TLDR on stUSDS? Is there a good yield opportunity on stablecoins there or is it dangerous

@ImperiumPaper any good recs for my reading list? currently I'm on a monetary theory kick but I'll read anything interesting. I just learned about the pre-WWI "Latin Monetary Union" in Europe from Silvio Gessel's book

@TokenPhysicist You find weird things when your education and career were archaeology and econ/fintech

You may have heard of RWAs that consist of “revenue-based financing” — where a loan is granted, but the lender has a lien on receivables or even control of accounts where the borrower is paid. What you may not have heard of is that this is an old practice, with some interesting variations. Let’s take a look at a *spiritual* revenue-based financing RWA (is it still a real-world asset if it’s spiritually collateralized?) that helped spark the Protestant Reformation and change the course of history. The medieval Catholic Church found itself allowing indulgences — forgiveness for sins, so I guess less time in purgatory or better neighborhood in Hell when you die — to be granted in exchange for charitable donations. In theory, they weren’t supposed to be sold, and only given for virtuous acts. However, one fellow wanted to be the Archbishop of Mainz (who also was one of the seven Electors in the Holy Roman Empire). This required a donation of 20,000 guilders to Rome — around $9-10m in today’s gold prices. How was Albrecht, the would-be Archbishop-Elector, going to come up with the scratch to assume this important office? He did what people always do when financing a large purchase — he went to the bank. In this case, it ws the Fuggers, a family of bankers based in Austria. Understandably, the Fuggers wanted to make sure they got paid back. And it’s not like they could repossess an archbishopric that belonged to the Church. What to do? The answer came in revenue-based financing! Albrecht got permission from Pope Leo X to aggressively sell indulgences in his domains (he was already the Archbishop of Magdeburg). Before long, a priest was traveling around Albrecht’s domains with a piggy-bank-like chest for sinners to insert coins and receive a spiritual pardon. To enforce their rights to the income from indulgences, the collection chest had three keys, all of which were required to open the chests and get the gold and silver coins out. One of the three keys was held by the Fuggers, and the chest accompanied by their watchful agents to ensure the revenue was used to repay the large loan. Of course, this was seen as an abuse of Church power and was directly challenged by Martin Luther in his 95 Theses that sparked the Reformation and the onset of many religious wars within Europe. But I do love weird, unique, and clever financial structures find their way onchain as RWAs. Maybe someday a religious organization will tokenize their future “donations receivable” and borrow on @WildcatFi or @Morpho and have those claims zipping around DEXs by eagle-eyed traders on @okutrade. Onchain finance can and definitely will be much weirder than traditional finance eventually.

'In the Canadian wheat district, for example, where to this day good land can be obtained free by everyone' This is from just ~100 years ago (written in 1916). The idea of unclaimed, free land seems nuts to me now. Is there anywhere left on earth like this? Parts of the Sahara?