I think it's time to talk about @_SigmaProtocol and how I see it fitting into the current #PulseChain ecosystem and how I hope it will shape the future of it.
I've made enough posts about liquidity and entropy. Even some my terms like "liquidity web" have become commonplace now, so it's nice to know you guys listen.
In short, we need products that reward good behavior, but not just for itself, but the whole chain. $HEX does this for itself, $HDRN / $ISCA do this for themselves and $HEX, etc...
Very few things are out there that are incentivize that behavior for the whole chain that aren't liquidity products. Liquidity is great, but it also just has a neutral effect. Can be good, can be bad.
On a side note, the LPX guys seem to have something cool. I think I still need some more time to know 100% how I feel about it, but. I do think it's worth looking into and making your own decisions about.
Anyways, on to @_SigmaProtocol. The TL;DR without giving up any secret sauce. It's a multi-index protocol. Think things like SPC, IXIC, DJI, etc... in traditional markets.
It has multiple index strategies to choose from, equal weighted is of course one, but there are others. You can bundle a number of tokens together and it will create a singular index token that represents the bundle and strategy. After funding the only way in / out of the index is stables.
There are some really important nuances.
1. The tokens in the index are not liquidity, they are specifically held outside of LP pools. Many tokens in, one out, reduces entropy of the system state. No impermanent loss risk from LP.
2. Because of the direct stable input / output redemption mechanism the only pair that makes sense with the resulting index token is stables or coins with massive stable pairs like $ETH and $PLS.
3. Onboard ease, buy one token and hold the representation of many. Easy to also create alternative bridge markets where the other side of the bridge only needs one pair with a stable to provide viable arb opportunities and liquidity injection from other chains.
Which brings the final question, how are these indexes in Sigma created? By a custom DAO of sorts. A lot of the secret sauce exists in the DAO, so I'm going to be brief for now.
There are no restrictions for the DAO, primarily I envision other token creators on #PulseChain to be the primary holders of the DAO token, maybe some whales and blockchain enthusiasts as well. Anyways, the DAO has the ability to tune many aspect of active indexes but also create new ones. However there is one major caveat. When creating a new index, the proposer has to put up DAO token as backing collateral.
I don't know if these DAO tokens will have value as they are largely functional. Maybe people speculate on them, I can't control that if they do. But if proposers create bad indexes or include scams in them, they lose their DAO tokens and can no longer participate in the DAO. That's the tradeoff.
Now of course, the final final question. What about V2? In short, it's largely complete. I just don't think it's going to be a net benefit right now. There is too much fundamentally wrong with the chain state. Hyperlane is cool, maybe I extend the current codebase with it. It certainly cannot lift the chain on its own with how connected we all are. My hope is @_SigmaProtocol will create an environment for V2 to thrive.
Note, whether you blame Richard, or scammers , or all the copied tokens, etc... for this. It doesn't matter. Reality is we have a relatively well functioning chain, and this is the state it is in. We can complain about it, or we can try to make it better. Complaining doesn't often do anything, so i'm trying to make it better. The problems we deal with the today are largely the result of the users (us) doing dumb things.
We are a community or not, we may all not agree, but we all need something to unify around, something that includes all of us. Because if we are not a community, then we are nothing.
Thanks for coming to my TED talk. May the future of $PLS be bright. I wont stop until it is as bright as it can be.
While you're paying 2,000x higher fees and praying websites aren't tracking you or getting hacked, my followers will be running zips locally. We are more secure than you. We do it better than you. It's measurable and it shows. A well designed zip helps solve attacks like DDOS, DNS poisoning, Domain take over, Physical server hacks, Deanonymization, Tracking, Logging, browser fingerprinting, even all the speculative side channel attacks like Spectre and Meldown, that cloud served things have to worry about more than local things.
But wait, there's more. You don't have to worry about evil silent upgrades changing the way things used to work, to become malicious. Because you control when and if upgrades occur. #Bitcoin was created to be censorship resistant. Not your keys, not your coins. My followers will show you what maximum decentralized robustness looks like. Learn from them.
TLDR; When you run everything locally, it's just you and the code. No middlemen. Maximum power. Maximum strength. Maximum security. Unstoppable.
HEX is already a zip.
PulseChain is already a zip. It also doesn't require you to buy special mining hardware from middlemen or pay big electricity bills.
Learn from us.
Guess who's still here.
Trace Mayer isn't. Last tweet 1,350 days ago
Satoshi, never even tweeted.
Do Kwon 332 days, jail
SBF 290 days, jail
Su Zhu 56 days, jail
Mashinsky set to private and on bail
Andreas Antonopolous 169 days
Cobie set to private
Barry Silbert 68 days
Roger Ver makes a couple tweets a month
This isn't even counting dudes that still exist, but get no views. Too many to count.
Only counted normal tweets, not retweets.
Perhaps if you're reading this...
#Bitcoin, Richard Heart was right again. Enjoy this 47 minute clip and be inspired. You're part of a revolution that is changing the world. Real cryptocurrency and decentralized finance are the durable solution to frauds such as Sam Bankman Fried and the constant and never ending erosion of the purchasing power of "your" money by irresponsible government spending.
Decentralization, robustness and privacy are core principles of real blockchains. https://t.co/7I3Qf1ivKi is a list of links to ways you can run your HEX code that you choose. There's no interactivity, logs, forms, email, phone number or middlemen. Your privacy is your power!❤️🙏
#Bitcoin The SBF conviction is a victory for me. I begged you to use cryptocurrency instead of giving your money to middlemen. I begged you to not use Celsius. I am begging you now to know your own keys instead of empowering middlemen. Not your keys, not your coins.
Know that crypto is still full of bad actors. Operators of middlemen companies that want your money, exchanges that want your money. People that unnecessarily log you, track you, violate your privacy. Bad actors that got all their followers rekt are still being listened to. I tried to save you while they led you to slaughter.
Just a reminder of what I've done for you. Raised $27M to try and save your life with medical research. Wrote you free self help books, made you free self help videos. Showed you how to install a bidet for your mom. Called the Bitcoin top at $65k years ago, it's $34k now. Dressed as a clown to bring attention to the things that matter. I shook my ass on stage for you.
Now I spend my time educating you on how to improve law and democracy through relevant and substantive comments. HEX has functioned flawlessly since launch. PulseChain has functioned flawlessly since launch. Every single day I work to make the world a better place. And it's working! I made commenting popular, and now the rules have 2 extra weeks of time for commenting because of it. This should lead to increased consideration and thus better rules!
A man's deeds speak louder than his words. When you're hearing someone trying to convince you of something, ask yourself, what have they done for you? I'm here because I care about you. I want you to live the best life you can. And that's why I ask you to take care of your family, educate yourself, be part of the solution. The world's only going to get better if you make it better.
P.S. Just so people remember what's real. Your $1,200 stimulus check on April 15th, 2020 was worth 2,043,492 HEX. That's HEX is currently worth $51,094 including the PulseChain and Ethereum version. BTC is still down 50% from 2021. ETH is still down 63%. Lots of other things I warned you about are down nearly 100%. Check the math yourself!
I care about you guys and you're on my mind every single day.
While you're enjoying your weekend, thinking about your Halloween costume, I'm thinking of ways to protect your rights. While you're ready to say or do anything for a green candle, I'm watching the macro situation. If you don't understand why interest rates going up means bond holders are losing money, you're not qualified to do any macro analysis at all. Do you even know what macro means? I guess you're in good company though, as rather stupid people hold $130 trillion of bonds, because I mean, like hey, why would the interest rates ever go higher than near zero?
Can you imagine how stupid you would have had to have been to lend out your money for a decade for a return of, get this, 0.55% a year. And the very same people who did that, often banks and bankers, have the gall to tell you what you should do with your money. Also, a government, trillions of dollars in debt wants to tell you the same. And here's the worst part. After you wait a decade to get that fat 0.55% APR return, how much is the money worth that you're receiving at the end?
It's a mad world out there, and I only know one thing that might bring power back to the people. A people desperately in need of verifiable truth. #cryptocurrency.
Be the change you wish to see in the world. If you want to make something better, make it better. If you're sitting around criticizing others, you're a leech. Get to work. Get the word out.
Richard heart teaches you things no one else can, or will.
You do not custody coins, the blockchain does.
You do not send coins. You publish updates to a public database. The coins are right where they always were.
You do not have a cryptocurrency wallet, you have a keychain.
Every addresses was created and published by individuals through their own labor.
Every update was created and published by individuals through their own labor.
There aren't really any coins, just numbers people have a penchant for. Like characters in literature.
If the value was in your wallet, the value would double when you copied your wallet. It doesn't.
If the value was in the blockchain, the value would double when the blockchain was copied. It doesn't.
The value is a shared fiction, subjective and volatile, subject to whim and fancy, yet worth $ billions.
You don't use the blockchain, you run it, it's software.
In the blockchain, you're not a user, you're a publisher.
Blockchain software is publishing software.
Speech is speech.
Code is speech.
The blockchain is both speech and publishing software, and as such, should be doubly protected; Like you would protect books and the pen.
HEX has technological advantages over #Bitcoin.
1. It's never had an inflation bug.
2. It's likely to be more secure forever, as its consensus supply code is an audited safe inside the EVM safe. Bitcoin has no audits, and its consensus supply code isn't locked in a safe. Which may be why it's had more than one inflation bug.
3. It doesn't burn up the environment to mint new coins.
4. It is more affordable to credit other addresses with (people often call this "sending.") 136 times more affordable at this moment, if you are running it on the PulseChain network.
5. HEX uses a unique proof of wait system for inflation, hybridized with proof of stake for logging the inflation, whereas the SHA256 proof of work system Bitcoin uses is rather beat to death across numerous projects.
6. HEX is more decentralized than Bitcoin. To mint new BTC you must beg one of a few companies to sell you their Bitcoin ASIC miners, and in a timely manner, or you can't mine. Then you have to maintain them with connectivity, electricity and cooling. Minting HEX requires none of the begging, or that centralization.
7. HEX is more friendly to price things in, as it has more units, no one likes paying fractions of BTC for things. Millibits never took off. If it had, they’re still around $30 each.
Details on those Bitcoin bugs: Bitcoin had 2 inflation bugs where anyone was able to mint as many new coins as they wanted. The CVE-2010-5139 bug was announced on 2010-8-15 minted 184 billion BTC and required a chain roll back. The CVE-2018-17144 bug was announced on 2018-09-17 and was discovered by a BitcoinCash developer, who disclosed it instead of exploiting it. HEX solves this by locking its economics code in an immutable smart contract, so network improvements and their possibility of bugs are kept far from the most important code. The last Bitcoin "unlimited free coins" inflation bug was created by adding an optimization to the networking stack.
Some people really are in blockchain for the tech. HEX is great tech. Flawlessly functioning for 3.69 years now, while so many other things failed.
It’s a good thing writing software is speech, and a protected human right, or else we might never make technological progress. I wouldn’t want to live in a world where the people who can build a better future are scared to do it. If you’re not building free and open-source software, consider giving great thanks to those that do, because the Internet we all use and love is built and maintained by those rare, selfless souls. THANKS DEVS.
Gender Confusion | Pauline Hanson's Please Explain
Remember when everyone agreed there were two genders, male and female. Remember when being male and female was a biological reality?
Somewhere along the way, the left got a little confused about gender but today we are sorting it out once and for all.
Help keep new episode coming every Friday: support: https://t.co/Yu53mkMreZ