56/ Bad precedents should not be normalized!
In any case, if this is your first time here, we love the open metaverse and believe in interoperable, decentralized internet architecture
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1/ It's 6am and I'm not sure if I did the math wrong🤨But it seems incredibly expensive to secure the required NBST amount even more modest ~1mio USDN<>WAVES swap
5/ Cost of 50k NBST with current supply. Slippage is increasing as I type lol. Included a pic with current pre proposal metrics (obviously a higher a + lower b help but still 72mio to secure 1mio worth of USDN?)
@saylor As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.
I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.
Strong incentives for bold predictions and weak penalties for wrong predictions - Usually the guiding mantra for TradFi research pieces, economic data forecasts and trade ideas.
5/ Also, this doesn't preclude the possibility that these guys need to constantly push the bull narrative for it lays the very foundation of the retail market and by extension their books.