@EmperorBTC How do you pay for things without a bank or credit card??? I've never seen any business in the real world that accepts crypto payments... 🤔
The best thing about being comfortable with trading is, I don't own anything.
I have no stress, no liability, no bank or wordly obligations.
Just one laptop, travelling and stopping wherever I want and a few T shirts because I don't have dress for office.
Live wherever I want. Eventually I'll settle down but nothing else could give me this freedom.
@DeVonFranklin@paramountplus You woke piece of crap! Singlehandedly destroyed Hollywood and made the world not want to watch any new movie. Congratulations you suck!
@cryptofud27@astronomer_zero Check the previous tweet, he clearly said he closed the long. He didn't tell you to do it, he's sharing what he is doing, and for FREE I might add. Even with copy trading someone you have to be fast and think for yourself half the time, it's easy to mess up.
1. Yes DIEM is a liability of Venice, this is known and intentional.
2. The liability is constrained because supply of DIEM cannot rise materially (doing so would lock exponential amounts of VVV)
3. We (Venice) treat DIEM like any other cost of business. We spend money on marketing, on servers, on staff, on SaaS products, and on DIEM as a mechanism.
4. We could easily support it if all DIEM was used every day, but it's not. Only 80% is staked, and of that just under half tends to be used, so the real liability is lower than max liability. But again, we can easily handle the max liability and designed things around that limit.
5. Venice hasn't sold VVV (in fact we have more today in both numerical and percent terms than when it launched, despite total supply falling from 100m to 80m tokens). And still, Venice has already made more in its 20% cut of locked VVV emissions from DIEM minting than it has spent in DIEM-led inference. None of our modeling or intention *requires* any such revenue, however, and if VVV had fallen in price since launch then it'd be a loss to us, but that's fine and expected. We are not noobs to crypto volatility, and our mechanics have foundational economic justification (this doesn't make them risk free, but does constrain the risks to knowable curves and gradients).
6. *Why* does DIEM exist? Because we wanted to experiment with a new kind of inference mechanic, in which agents specifically can access zero-marginal-cost compute. It's new and nobody quite knows how to value it, that's how experiments work. The risk is quantifiable and bounded, so why not experiment? When VVV launched we first enabled VVV itself to grant the free access, but because of the variable price, supply, and inability to guarantee fixed quantities of allocation, it was too volatile to be useful for serious people needing inference over time. DIEM was drawn out of VVV to provide the stability ($1/day). To illustrate this point, if VVV granted fixed $$$ inference, then as VVV rose in value over time the link would become absurd and break the utility. DIEM can remain range-bound in price forever, and this is the expected state, though we don't know the range that the market will settle into yet. VVV is unbounded by any theoretical range, especially as we try to burn all of it, and thus could not be attached to a specific dollar amount of inference per period of time.
7. DIEM is a small part of Venice's business. It gets lots of attention (indeed that was part of the point) but is not existential or fundamental.
Also have you tried the app yet?
@stl_nerd@SuperMajority18@shayne_coplan I checked your profile, nonstop posts about one guy, every single day. U are SAD and Obsessed. U act like you’re smarter than everyone, but it just comes off bitter and one-dimensional. If this is your personality, I’d hate to see what the rest of your life looks like. 🤡
@stl_nerd@SuperMajority18@shayne_coplan Can't dispute a single FACT I just laid out so you blabber some Joe Biden-like dementia brain mumble in a sad attempt to deflect. 🤡 Nice try CLOWN lol.
@stl_nerd@SuperMajority18@shayne_coplan STL the murder capital of the entire country. Your entire city is full of corruption, crime, and murder I'm sure you get in on that action too don't you cream puff 🤪 Do you support murdering drive thru employees who don't serve your onion rings at the temperature of your liking?