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albie
7.6K posts


@delucinator korean or chinese? or you asking for korean chinese like jjajang/jjambong etc
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@kenchangh the short form of this for me is that VC greed has ruined much of original crypto ethos
there is still some hope left though. feel like mrkt is slowly realizing this and coalescing around a new narrative.
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Go short degeneracy. Or in other words, stop wasting your life in crypto :-)
x.com/kenchangh/stat…
ken@kenchangh
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@VinnyLingham what a king
ran a scam for racks back in 2017 cycle, and now gets to pontificate on markets w impunity
i hope to be like u one day
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@PillageCapital buy when its a failed experiment battering ram
sell when its the fiat killing future of finance
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@tulipking i see where ur coming from, but maybe too idealistic for my tastes
one of the reasons btc succeeded imo is that satoshi had the foresight to lean into the speculative greed of humans (early mining incentives, etc)
i think its good to argue for minimally extractive protocols tho
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Crypto avoids the tragedy of the commons because smart contracts are immutable and therefore immune to “lack of upkeep” so long as the network can sustain minimally viable economics (ex: burn evenly matches issuance in a PoS network).
^ this is what I want out of crypto. I want us to leverage the new technology for coordination we’ve been blessed with to build the first truly durable public goods.
I understand your point about incentive alignment, that’s good and important — but at least for the instance of DeFI, I’d rather us just scale up and make this stuff free so there’s no incentives to even need to align
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@tulipking the idea of “public goods” makes no sense; tragedy of the commons type stuff.
esp in a space where everything is hyper financialized- its better to have good incentives that are properly aligned imo
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@albieXBT I don’t want equity-like tokens, I want free and open public goods that make the world a better place.
I don’t need every crypto project to be an exercise in max extraction and shareholder value
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