timma | ポンプ

[timma | ポンプ @directdimsim]

@paperclip_vc 🥧

[Pye 🥧 @pyefinance]

Happy #Pi Day! 🥧

Introducing Pye: Bond markets for validators & stakers on Solana.

🔒Validators, can offer better rates for longer-term lock-ins.

🥩Stakers, can use staking deposits across Solana's DeFi ecosystem:
- Lending protocols
- Restaking
- Yield forwarding
- Fixed-yield
- Stablecoin collateral

Read more:
https://t.co/lJmmTwusbX

[The Interfold @theInterfold]

Introducing: Encrypted Execution Environments, enabled by Enclave

A new class of secure computation, combining FHE + ZKPs + DTC.

✅ Computation on multiple encrypted inputs
✅ Secure processing w/o trusted operators or hardware
✅ Verifiable outputs for privacy-preserving apps

[Elon Musk @elonmusk]

Exactly:

“And then it dawned on me that the declining birth rate is not just a simple math problem - it fundamentally de-incentivizes civilization to look forward.”

[Auryn @auryn_macmillan]

Gnosis Guild is hiring engineers and cryptographers for Enclave; a protocol for Encrypted Execution Environments (E3s) using FHE. Shout out if you or anyone you know might be a good fit.

https://t.co/WeK45yJas3

[samczsun @samczsun]

Today, we're launching the latest @_SEAL_Org initiative, and it's going to change crypto security forever. It's called SEAL-ISAC, and this is why we need it

[Watcher.Guru @WatcherGuru]

JUST IN: Michael Saylor’s MicroStrategy #Bitcoin investment is currently at a $60,000,000 unrealized gain.

[Paperclip 📎 @paperclip_vc]

We just dropped the final instalment of our Market Making series - The Token Sutra: Unmasking the Exploits.

We leave no stone unturned in diving into the details of these exploits, and give founders more actionable tips on how to protect themselves.

https://t.co/dkmfZtlSrB

[Paperclip 📎 @paperclip_vc]

A crypto project's survival might hinge on a single overlooked detail - Token Market Making.

Introducing Part 2 of our comprehensive Market Making research series:

The Founder's Field Guide to Token Market Making. 🧵

https://t.co/KEE9xYX52Y

[timma | ポンプ @directdimsim]

Ownership property of web3 gaming implies freedom to transact/sell an asset. Sell an asset for a non-zero amount and you've effectively created the play to/and earn loop. Play game -> earn asset -> sell asset -> P2E.
P2E may be anti-fun but they are inherent in web3 games.

[Jon Wu @jonwu_]

I fundamentally don't understand the premise of play-to-earn and the presumption that gamers want to get compensated for their time.

I want to compensate YOU, the gamemaker.

I want to pay you $500 for:

- a console
- two copies of Zelda
- the right to paraglide down from a floating castle to shoot bomb arrows up the ass of some Moblins

And then not only that, I will promote your game FOR FREE.

I will literally get onto my college boys signal thread and make memes about Koroks.

No referral bonuses, tokenomics, staking rewards necessary.

And you know why I want to do that? Because great games inherently give me value.

They are funny, engaging, and at their best--transcendent.

A few assertions:
- happiness is real
- I seek it
- and one of the sources of real happiness in life is taming a feral horse galloping on the plains of Hyrule

With that established, come along with me and let's make a Millsian observation that human happiness can also be priced:

I think I get the equivalent of ~$500 in utils from playing Zelda.

You know how I know that?

Because I literally traded that amount in fiat dollars for the privilege to save the mf kingdom from Ganondorf's darkness.

Not only am I not upset that I spent $500 and >100 human hours on this earth playing the original Breath of the Wild, I'm grateful!

IF ONLY I could consume art that immersive, detailed, generous, and beautiful all the time.

So if I paid for happiness in the case of Zelda:

Then the only possible implication with play-to-earn games is that they are unfun.

In fact, they must be anti-fun. If I am getting compensated to play a game, then I am PAYING the game in happiness.

Why must that be true?
Why must play to earn be shit-to-play?

Because if the players were willing to accept anything less than getting paid to play--including nothing or in fact paying to play--then the game maker would take it.

If a P2E game were so fun and created so much human happiness that players said, "hm, I think I'll actually just buy the license to play with no expectation of return."

Then the mechanism would be encouraged to converge to zero reward.

"But Jon," you say, "some people like their jobs, but jobs still pay money."

And that is true, because jobs belong to the economy as part of a concept called the Value Chain.

In the Value Chain, members of society scrap together scarce resources, and like VC's they Add Value until the combination of resources, technology, and labor create a thing that is even more valuable than the sum of its inputs.

That is Capitalism. Everyone in the Value Chain gets compensated for the little sprinkle of Value they add to the stone soup that is Goods and Services.

I am a capitalist. I believe we can create things of value and also be happy doing so!

For instance I am fairly certain the creators of Zelda enjoy making generationally significant forms of media and go home and tell their spouses "Honey...I love my job."

But that's not what playing a game does, because the act of playing a game is inherently consumptive!

Here are some other fundamentally consumptive or non-productive acts:
- eating
- sleeping
- breathing
- reading a book
- walking (ahem!)

In other words, none of these activities *fall into a value chain whereby doing the activity itself adds economic value to existing inputs.*

Oh but if you sleep more, you become a more productive employee, so isn't that valuable and shouldn't you get compensated for it?

Yes AND that boost in productivity is already captured in your employment.

By virtue of being healthier, smarter, more educated, and alive, you are offering your labor into the market at a HIGHER per-hour output than the next guy.

That's your competitive advantage! (and one cynical reason to like, "meditate for mental health" or whatever the guys who love deadlifts and Taleb are recommending these days)

So to compensate you AGAIN is a double-count!

See what I'm saying?

There's no free lunch.

Even if you get paid to eat it on the blockchain.

[Paperclip 📎 @paperclip_vc]

Crypto market makers raked in 9 figures using tactics from a secretive, ancient text.

Introducing "The Token Sutra: 101 Positions For Market Makers To F*ck You"

After months of research and translation, here's what we uncovered. 🧵

https://t.co/IRw5y1s7kd

[timma | ポンプ @directdimsim]

@smolppi @mrjasonchoi would invest/10

[timma | ポンプ @directdimsim]

Obv tokenomic balancing also important when financially incentivised users enter the economy trad eco concepts become a core part of the equation too

[timma | ポンプ @directdimsim]

Completely agree, floor utility is social + exercise app which have their own communities in successful products already. Added benefit of earning some random token that loosely represents future value of the product if team continuously ships which @Stepnofficial seem 2 b doing

[smolpp intern @smolppi]

@dystopiabreaker floor utility for w2e is just @Strava. spec utility is an added bonus

[timma | ポンプ @directdimsim]

@smolppi internal email leak from @3arrowscap

[smolpp intern @smolppi]

kyle
I thought of a way to make a few bucks - sell low risk arb plays on gbtc - offering boomers exposure to crypto, complete with stop-loss-less margin calls, a small % return (so they think we're low risk) but actually leverage long our entire portfolio into steth. Ha!

su

[timma | ポンプ @directdimsim]

@PaperclipIntern fr fr

[timma | ポンプ @directdimsim]

https://t.co/umw2PlNqCT

[Elon Musk @elonmusk]

The most entertaining outcome is the most likely

[timma | ポンプ @directdimsim]

The most entertaining outcome is the most likely

[Balaji @balajis]

The deal is done. But the campaign has just begun.

This is the true election. The establishment will throw everything it has at @elonmusk to preserve their power. To win, he needs a way to align all Twitter users behind him.

He needs the Elondrop. https://t.co/OxzTVRkWYm

[critter @BecomingCritter]

Thread of DALL-E AI generated images and their prompts