Hardhat Chad ⛏️

It's not enough that I succeed. Everyone else must win forever

Which @ORE player are you? People have always gone to extremes to earn yield on a scarce asset. Bitcoin holders learned it the hard way. They handed their coins to Celsius, BlockFi, and a dozen platforms for a few points of yield, then watched it vanish overnight. They weren't wrong to want it. The setups they trusted to deliver it were the problem, because none of those contracts were immutable. You gave up your keys to a company, and that company could change the rules or blow up on a Tuesday. ORE flips that. You earn yield on a hard capped supply of three million, on an immutable contract with no admin key, so nobody can rewrite the rules or pull the rug. You can keep it private, shielding the transaction so you're not doxxed for earning. And you can hold it in a wallet that's started building in quantum resistant properties, not on some company's balance sheet. That stack of features is the first of its kind. It answers, almost point for point, the things people have spent years worrying about with Bitcoin. So we built a way to explain how the yield actually works, because plenty of people, us included early on, never fully got it. We'll break it down the best we understand it, through three characters. Each one shows you which player you are in this ecosystem. Brunson buys ORE off the open market. Already refined, liquid, ready to go. He holds it, bets on price, and that's the whole game for him. No yield, no homework. His edge is that simplicity. He isn't leaning on the yield machine to keep running, he just owns the asset on conviction and stays fully liquid. Solomon is Brunson who took the leap and said, "I want my money working." He stakes his ORE. As long as miners are active, Solomon gets paid, and he takes that yield, puts it right back, and lets it compound. Compound interest is one of the most powerful forces in finance, and that's exactly what's running here. It mostly sits around 15 to 20%, and it can climb toward 25% when mining's heavy. The wild part is how little it asks. All Solomon needs is people mining every day who want to play the game, and there's no holding period. Then there's Fred, and Fred has two layers. He can buy off spot and stake the whole thing like Solomon if he wants. But to actually mine, he shows up with SOL and goes to work. He's making fresh, unrefined ORE. It's not the finished version of itself yet, it isn't liquid, but it's real ORE, and staying unrefined is exactly where the benefit lives. This is the game some are calling entertainment finance (shout out to @mattytay for the name). You bet on blocks and try to hit the motherlode, and every winning move puts more unrefined ORE in your pocket. Read that the right way though. This isn't gambling, it's strategy. You're playing position, not pulling a lever. The engine is the exit fee. Anyone who leaves, anyone who refines their unrefined ORE to make it liquid, pays 10% on the way out. That 10% goes straight back to everyone still holding unrefined ORE. The patient get fed by the ones cashing out, and the system breathes on its own. That "yield," the unrefined payout, has sat anywhere from around 60% to over 100%, and it's even touched 140% in rare stretches. It all hangs on activity though, so when nobody's mining or refining, it could potentially fall to zero. But we haven't seen that. Honestly, what we've seen so far is crazy ROI, and there's real room to cook here if you've got the right strategy to earn uORE. Now the balance, because this is the part most people miss. The unrefined payout only works if people actually exit. If hold culture gets too strong and nobody refines, fewer people pay that 10% exit fee, less flows back to the uORE holders, and the payout slows. Scarcity can pull people deeper into that corner. Only three million ORE will ever exist, so if people start treating it like the next Bitcoin, they stop trying to sell and just stack uORE, mining hard to pile up more. That's why it needs a healthy balance between the ones cashing out and the ones holding on. That balance is what lets it run at its best. Every player shares one risk. If the mining stops, the whole thing dies. No miners, no flywheel. That's why Fred is the most important person in the room. Without Fred there's no Solomon, because there's no mining flow to pay the stakers. And no Brunson either, because there's no working market left to buy into. The miner is the engine, and everyone else is downstream of him. The only reason you even get to pick a player is that the network's busy enough right now to give you the choice. One honest distinction, since people mix these up. Solomon's staking yield comes from mining activity, a slice of what the miners generate routed to the stakers, so more mining means more for Solomon. Fred's unrefined payout comes from the opposite direction, from people exiting and paying that 10%, which builds up how much your unrefined stack returns. There's a real debate over which is better long term, and I'll leave that to you. Both carry an upside and a catch, and people have made real money on each side. Strip it all down and you land in the same place every time. Without Fred, none of it exists. And you don't have to be just one. Most people end up a blend, holding a little, staking a little, mining a little, leaning toward whatever fits how they're wired. The mix is the strategy, and you get to move between them as you go. So. Which player are you? -The Wisemen 👁️

Smart contracts should make business more transparent, secure, and reliable; not less.

"You'd never sign a paper contract they wouldn't let you read. A closed smart contract is exactly that. A blank sheet of paper that says sign here anyway." - @HardhatChad of @ORE Rule Number 1. Always open source. The Lost Tapes 01: Deep Cuts From the Mine.

The future of money is open source.

@ORE_bull The funds are protocol revenue. The protocol is open-source and owned by the users. Thus, protocol's use of funds should not be a surprise imho.

@HardhatChad Absolutely. Agree it should not be managed by a person. But I was largely thinking about the psychology of investors on the other side when they see a nest egg ready to deploy in unexpected ways.

I wonder what solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp would look like right now if we were less aggressive with our buyback vault. And spent less than we made as opposed to spending almost everything we made. Our floor would no doubt be higher, bc investors would have to ask themselves, “What if they deployed this over time? What if they Saylor full stack bought?” A six figure deployment into a low float Microcap is the difference of millions, perhaps 10’s of millions. Six figures would have been available if we only deployed 99% up till now. 7 figs if 90%. I still think a staggered steady approach is best but what if.

@Crypto_Salad Trust is everything

$ORE team knows very well that the first currency that matters is trust.

No matter the industry, everyone eventually learns the value of permissionless access and censorship resistance.

Colosseum cofounder, early Solana Labs, one of ORE's earliest believers. "The most important market in the 21st century is non-sovereign money."- @mattytay Privacy, real autonomy over your own economic life, the original cypherpunk vision that predates all the hype. Funny how many of those people quietly ended up around @ORE . @HardhatChad is basically running Satoshi's playbook on the fastest chain in crypto. Same principles, new path to adoption. That 2013 Bitcoin energy, just on the @solana network. Sitting down with the man himself for a deep conversation on privacy, Colosseum, Solana, ORE, and cypherpunk energy. Lost Tape 02. feat Matty Tay Now mastering.📼

@captainpirate99 @sha256wn Stay tuned.

@HardhatChad @sha256wn currently, We are dependent on Sol token. I think need to move to a model where any entity can put in any concept of value and mine ore.

Every form of money is flawed. ORE is an endeavor to fix the flaws. Every last one. Future proof.

@ORE_bull Stay tuned.

Wishful thinking here I wish solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp staggered it’s buybacks better instead full stacking as it does currently does. With the purpose of giving it a longer run rate. Like no more than 1% per minute for example. ORE would actually become a blackhole for SOL liquidity as it would be larger accumulator of SOL than spender assuming all else being equal. But also the per minute or other increment of buys would tend to get larger over time. Maybe this is answered with V4 @HardhatChad @ORE

@sffutures ORE will learn and build faster. ORE will shamelessly copy every good idea. ORE will get harder. ORE will win.

Missionary vs. Mercenary I’ve been avoiding the solana:zinc155BS4mSPk8GXQj4R5hkVDQXcW253pTYq5SGyfi topic, but this post tickled a response out of me… TRIGGER 🚨: Many solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp community members probably don’t agree, but I actually think $ZINC is a net positive for $ORE. It adds pressure, and pressure is a really good thing for $ORE, the more the better, pressure should be welcomed, cuz honestly if $ORE can’t withstand a small open-source imitation project, it doesn’t deserve to become a master SoV protocol along bitcoin:native and zcash:native. I am happy to see zinc pump, heck I even make some money on it, rotated my profits into ORE. Zinc is good for ORE. ORE, in the long run, may not be very good for zinc. If ORE fails, zinc will most likely fail. If ORE wins, the power law will dictate zinc to be an inferior investment. In the short term, Zinc is a nice way to make some extra cash, have some laughs, and stack more ORE. I am both a trader and an investor. I trade to generate fiat, then I accumulate the hardest digital assets: $ORE zcash:native $BTC as long term generational investments. ORE was never a trade for me, never has been, never will be, and I’ve been here since the very beginning. Yes, I can remember GODL, and COAL. ORE is the only real deep value shot I’ve come across in many many years and it has gained my true respect because of the extremely deep work done by the ORE community and…. @HardhatChad The ORE community is full of many chads… if only you knew who these people are in real life you would be floored, the ORE community is absolutely goated. ORE for me is about taking a real shot at a real revolution. Like $BTC, like $ZEC. My $ORE stack is not for sale.

@zinnresearch @Wisemenmentors @ORE That date was intentional

@Wisemenmentors @HardhatChad @ORE 4/2/24, coincidence that the first two backwards make the last I think not, lORE ⛏️⛏️

OREigins 4/2/24 @HardhatChad. it's just different ⛏️ The Story of @ORE

And then future-proof it

NEVER FADE ORE ⛏️

Into the mines