.@Injective_ attracts a lot of developers because of its technology. This thread will be about one of the projects that clearly deserves your attention!🤩
With two minutes of your time, you'll know👇
♦️What is @Levana_protocol?
♦️When will be the airdrop?
♦️Protocol statistics
1/6 Shares of Real Yield ETH (YieldETH) have landed on @osmosis, and we're thrilled to announce a groundbreaking DeFi integration with @Levana_protocol, allowing users to take leveraged positions on YieldETH.
100 years ago today, Weimar Germany abolished the Papiermark, marking the end of Germany's hyperinflation.
In that same year Josef Wild, a master gold smith from Nurenberg, started minting his own coins to advocate for a return to a gold standard with private gold coins.
Wild's coins were popular among the public and the German government hated this form of private competition with its own money—which it used to levy a continuous inflation tax.
Gold broker Kuenken notes: "His coins were a matter of conviction. He didn’t make any money off them, on the contrary. Coin dealer Carl-Friedrich Gebert had to provide financial aid to Josef Wild time and again, mostly by buying his gold coins off him whenever he was in financial distress."
"Some time in the year of 1928, Josef Wild must have started to copy old gold coins from the German Empire. Based on this, in 1929, the goldsmith from Nuremberg was convicted of forgery (!) and sentenced to several years in prison, even though his own coins actually had a much higher intrinsic value than all the money given out by the German government."
"Nonetheless, at the age of 57, he had to go to prison, and he would never leave there. Josef Wild, who had produced money of more stable value than the German state, passed away on 31 March, 1932."
Six decades later, in the United States, a man named Bernard von NotHaus became Josef Wild's intellectual successor. In 1998 he started issuing notes backed by gold and silver under the name Liberty Dollar.
After some years of being seemingly tolerated by the authorities, von NotHaus's offices were raided by the FBI in late 2007 at the beginning of the Financial Crisis. This was followed by an indictment in 2009. After years of trial procedures, on December 2, 2014, despite prosecutor demands that he serve as much as 23 years in Federal prison, von NotHaus was sentenced to 6 months house arrest, with 3 years probation.
Earlier in 2014, Bernard von NotHaus attended one of the first Miami Bitcoin conferences, where he shared his story with the audience. I had the pleasure of meeting him there, and asked if I could be in the photo with him:
I feel so blessed that bitcoin exists, and is stronger than ever today: a censorship resistant, scarce, independently verifiable money without centralized issuer—which means it can not be shut down by governments!
Bitcoin's general adoption will go a long way in curbing unsustainable government spending, as well as in helping working families protect their savings from the currency debasement that ultimately leads to hyperinflationary tragedies such as that of Weimar Germany.
Hamas crypto funding, the WSJ, and the Warren Letter | Medium
We've had 90 submissions to my WSJ fact-checking bounty. 30 have been paid out. Based on all the evidence so far, here's what we know:
https://t.co/ttl6D36C38
I've met some of the most interesting people through the #Bitcoin space. As I work to get more stories from Bitcoiners around the world, we meet Amnon Melzer of Cape Town. He has been collecting hyperinflation bank notes (WATCH!) and teaching his kids about hard money and #Bitcoin. He even created his own CPI basket for his family to track real inflation at their grocery store each month. I hope you check out our episode:
https://t.co/ZaxhqWploy
Here's another trained model that has blown my mind. 🤯
A Toy Story model that is so good, I can't stop generating stuff.
I am confident my algorithm can surpass MidJourney on certain things, especially texture, lighting and styling.
If you want to ✨ really ✨understand why #bitcoin is so important, watch (or rewatch) The Big Short.
The closing scene, with Mark Baum (Steve Carrell’s character, based on Steve Eisman) sitting on a balcony overlooking Central Park, despondent over the fraud & destruction that has just occurred, realizing that nobody responsible will face any consequences because the system itself is run by criminals - this is the world into which #bitcoin was born, & the rank desolation to which it has brought Hope.
Meditate deeply on how (as elucidated throughout the film) inescapably rigged that system was:
- The SEC is a revolving door with the banks, with no incentive (or ability) to police them or the securitized mortgages they were selling).
- The banks sold (& were pricing) the swaps that insured against the downside that they faced, and for months fraudulently refused to price them correctly, trying to force out (via capital calls) the people betting against their own structural insolvency. This capped Baum and others’ upside because if they waited too long to sell their insurance contracts - NOBODY WOULD BE LEFT TO PAY THEM.
- The government was always going to step in & bail everyone out, because the system the banks created effectively held hostage the only real financial asset most Americans owned: their homes. The system allowed them to win more when Americans won; it should ALSO have meant that they lost proportionately more when housing crashed, but they knew that the government would never allow this to happen, so gains would be privatized and losses socialized.
Think about this world: the banks controlled the regulators, the ratings agencies, & the Congress. But even worse: the banks were the only way to bet against the banks!!
The banks won when We The People won, & they won when we lost. They were the House & everyone else is just players in the casino. We couldn’t get out unless they let us out, & they sure as shit weren’t going to ever let us win if it means them losing.
This is why #bitcoin is such a massive, MASSIVE idea: as the only independent asset not synthetically created by a bank or controlled by a government, actually HELD by the people who own it, & not native to any one country - it is, effectively, a limitless Credit Default Swap on the entire banking cartel-operated fiat system, insuring against the insolvency, not just of any one bank or government, but the entire financial world with nobody to cap the upside or police the exits.
This is why I am a #bitcoin maximalist: because the 2008 financial crisis left an indelible impression on me, as it did when it motivated Satoshi to write the White Paper & embed that famous FT headline from this era in the Genesis Block. I, like Mark Baum, was the hopeless disappointed idealist sitting on that balcony, cynically despondent because the entire system is fucked and there was no way out.
Until #bitcoin created the only Hope we have to ✨fix this ✨ & create a better, fairer world in its place - one in which we cannot be held hostage by the gatekeepers of the financial system as they leech our wealth and labor.
Ethereum & other cryptos are, if anything, the moral equivalent of those toxic mortgage-backed securities built on a blockchain. Issued by the House, controlled by the House. Wholly owned by the House. They, if built upon, would create a world WORSE than the one Baum was lamenting - not better.
Only #bitcoin allows the people to rise with one voice & bring the entire corrupt system from which Baum saw no possibility of escape crashing to the ground for good - as in the depths of that same despair his brother had come crashing to the ground in the opening of the film.
#bitcoin is the most important & most powerful idea in your lifetime - because you still live in the corrupt fiat world of 2008. Even if you dont realize it, you are a Mark Baum sitting on that balcony.
Only #bitcoin can fix this.
Only #bitcoin is a way out.
Only #bitcoin is Hope.
> Leak the ticker
> liquidate the shorts
> get them hyped
> remove the ticker
> liq the longs
> get all of em to re-short
> load up cheap again
> pump it again
Nothing personal kid.
The future of exchange - everything verifiable, on-chain and transparent.
With TC, not one single $ goes mis-appropriated, diverted or missing.
Check the code, check the chain.
$RUNE
Does GPT understand the world?
Here is what @ilyasut, co-founder of OpenAI, says during a discussion with Jensen Huang, CEO of Nvidia:
(1) When we train a large neural network to accurately predict the next word in lots of different texts from the internet, the AI is learning a world model.
(2) On the surface, it may look like learning correlations in text, but it turns out that to 'just learn' statistical correlations in text, to compress information really well, what the neural network learns is some representation of the process that produced the text.
(3) This text is a projection of the world...what the neural network is learning is aspects of the world, of people, of the human conditions, their hopes, dreams, motivations, their interactions...the situations we are in. The neural network learns a compressed, abstract, usable representation."
Do you think learning representations = understanding?
Are large language models simply stochastic parrots, or are they much more?
On Injective, developers from Ethereum, Solana and Cosmos can all create groundbreaking applications in a smart contracting environment of their choice.
Join the Injective X Google Cloud Illuminate Hackathon today to launch dApps on Injective’s pioneering multi VM framework💡
Let's recap some recent interesting insights about the @Levana_protocol on @osmosis:
1. let's start with the fact that levana broke the Daily volume ATH and Doubled it
Follow for more...🧵👇
https://t.co/H7pV49ev6p
@Levana_protocol With the above $ETH swap from $OSMO, and the gains from the $ETH short on @Levana_protocol: https://t.co/FEZPwvIDJB
Do you know what that means?
That means I take 0.103 $ETH profit, magically, as if from thin air, folks.
And that's how I BUIDL my ETHBTC position.
"Hey, sorry I called you a murderer, took your job, and restricted your ability to move throughout the economy because you didn't take the vaccine. Forgive and forget, right?"
Nope.