Serotonin
1.2K posts
We are NGMI, vast majority of retail users, even crypto native users, don’t understand how prediction markets equalize information access between the general public and the elite. Before prediction markets the only time the general public would know that an event would happen would be once it has already happened and been reported on by major news outlets. Now, in any given domain, or industry, if I want to know if something will happen I can simply check the end range of the prediction market odds for large participants and I am able to know with a high degree of certainty whether the event will happen. This is because insiders now have a massive incentive to share the information with the general public to profit from the market. If they want to profit, they must put money behind their position on the prediction market, thus making their prediction (insider information) public and accessible to the general public.
@rrobinson9111 Nobody sleeping. We working. We are going to win
🚨 The $NIGHT token launch looks to be a masterclass in market maker manipulation. And we may have just watched the MM get blown up in real time. Let me show you how billions in fake volume got exposed by one real move. 🧵👇
a) ~12.5m $NIGHT "thaw" per day b) 1 token ~= $0.05 c) 10 days later, ~120m tokens in user hands, ~$6m of value d) $3.7billion / $6m = if EVERY token is involved, they are all changing hands ~600 times per day (if only half of tokens are involved 1200, etc) when you're washtrading, try to set reasonable levels of believable activity.
Split a single user across 500 different accounts and have them trade against each other on the open market with a targeted net buy/sell amount. Now where have I seen this before? Oh yea, the excellent BrainTruffle video on market manipulation! m.youtube.com/watch?v=-jF9gW…
The probability of a founder exit is a design question. Some blockchains are architected to become autonomous. Others are structurally tied to their founding companies forever. Technology decides, not marketing. Polkadot High probability. On-chain governance controls upgrades, treasury and parameters. Founders can already be overruled and Gavin Wood stepped back multiple times. The system is intentionally built so the team becomes irrelevant. ICP Medium to high probability. The NNS can outvote Dfinity and there are no perpetual founder rewards. Architecturally, ICP can become fully autonomous. Socially, many neurons still follow the Dfinity neuron, so decentralization is progressing but not complete. Avalanche Medium probability. The protocol is strong and subnets decentralize development. Avalanche Labs still influences clients and roadmap. The architecture allows a future exit, but it requires ecosystem maturity. Solana Low probability. Solana Labs is central to client performance, roadmap and network optimization. Hardware requirements reinforce centralization. A founder exit is technically possible but socially unrealistic. Aptos Very low probability. Team-centric control, VC-driven structure and no mechanism for autonomous evolution. The architecture does not aim for founder independence. Cardano Extremely low probability. The founding entities (IOG, CF, EMURGO) control large initial allocations and receive ongoing staking rewards. They participate in governance with concentrated voting power and rely on the chain’s economics. The architecture does not provide a path to independence. The system depends structurally on its founders. Conclusion Founder decentralization is not a wish. It is a design property. Only blockchains architected for autonomy can ever replace their creators. Most systems are built around their founders, not beyond them.
Below you will find my write-up as an independent after action report for the issue impacting Cardano late last week, along with things I learned, why I was impressed, and what I think we can do better at in the future. I try to strike the balance between confronting the seriousness of the issue, while defusing most of the over-stated positions from talking heads on Twitter. This is an adult conversation, not whatever the children are engaging in on Twitter this week. I don't think it's productive to get into debates of what constitutes "downtime" or not; Instead, I tried to equip you with a framework where you, dear reader, can think about these things for yourself, and decide what you want to call it. I just ask that you make that decision for yourself, or allow your audience to do so, rather than parroting some pre-decided talking points. More informed discussion leads to a higher quality industry overall. 314pool.com/post/cardano-p…
You do understand what I do for a living? I literally am a decentralized financial platform and rebuilt Wallstreet on a blockchain
💰 Get these lucrative APRs on #Cardano! 🔹 $BTC–iBTC: 17% 🔹 $ETH–iETH: 12% 🔹 $USDC–iUSD: 22% 🔹 $USDT–iUSD: 24% It's easy: 1️⃣ Bridge your assets to Cardano via bridge.wanchain.org 2️⃣ Add liquidity on @MinswapDEX 3️⃣ Earn dual rewards from #Wanchain & @Indigo_protocol
