Marchi

NFT Screenshotting | Sat Stacking | Fix the money, fix the world.

[Marchi @enmarchi]

@icobeast @luishXYZ @Kalshi @predictdotfun oh wow i take it all back

[Marchi @enmarchi]

@MuddyRC own the trade, you cant win them all 🫶

[Marchi @enmarchi]

@MuddyRC follow. the. moneyyy

[Marchi @enmarchi]

@SenWarren Removing the debt ceiling to pretect the economy, impressive

[Marchi @enmarchi]

@MuddyRC muddyequity arc

[Marchi @enmarchi]

@MuddyRC ground news 2.0?

[Marchi @enmarchi]

@MuddyRC @pear_protocol huge

[Marchi @enmarchi]

@MuddyRC ZECUSD

[Marchi @enmarchi]

Closed loop wash trading would most likely be a net negative for insiders. They would keep the money they spent tranding and on fees by selling into buybacks but would sell their PUMP in doing so.
Money goes from one pocket to the other but they endbup with less PUMP. For it to be worth it, the wash trading has to create huge volume at the same time

[Marchi @enmarchi]

@MuddyRC @Polymarket @cz_binance can we get an opinion market on whether polymarket will make a market about whether hes gay please

[Marchi @enmarchi]

2 cents about Aave Will Win Framework

1st cent, Entrepreneurs VS Contractors
Although routing all of product layer revenue to the DAO is a good deal for $AAVE holders, I think it is building the wrong long-term incentives:

It soft-forces devs to get the DAO's blessing or funding before building products on top of the protocol. The protocol doesn't need these products to function, they increase accessibility to Aave and take a fee for that service. Aave remains permissionless but economically fenced as the DAO subsidizes "official" products making it hard for independent devs to compete. Turning devs from Entrepreneurs to Contractors and Lobbists as they secure funding through DAO votes rather than the success of their product in the free market.
Development should be market driven, bottom-up.

The fact that aave,com has become the main UI to interact with Aave, doesnt mean Aave needs aave,com to be successful. It means there arent enough competing Aave interfaces. There shouldnt be an "official" interface. As base-layer infrastructure, Aave should remain neutral.

The proposal doesnt seek to stop technical access to Aave, rather trying to control it through economic and social capture. IMO, this is not the spirit Aave or Defi was built with, it doesnt solve the 'free loader' issue and increases brain drain risk.

As outlined in the temp check, the DAO cannot legally own and protect a trade mark. I don't think this is a responsibility of the DAO either, the DAO owns the protocol, the protocol functions and has economies of scale regardless of its branding, changing the name or logo wont stop it from winning. If we instead, in fear of confusion, attribute too much power and control to a central entity - the foundation - we increase centralization risk and risk of malicious/regulatory takeovers regardless of how well intentioned the proposal is.

2nd Cent, DAO Investment Allocations
The temp check article argues that if the DAO receives all product revenue, the DAO would need to allocate resources like a traditional financial institution. I disagree with this and think the current system works better:

Tradfi institutions need to aggressively fund development because they work in permissioned systems.
$AAVE holders don't lose from independent builders, they expand the ecosystem and bring new users by building on top of public infrastructure.
The incentive is much higher for independent devs with good ideas to come and build if they fully profit from their efforts as entrepreneurs using public infrastructure rather than contractors working for a DAO.

TLDR: AAVE SHOULD STAY INFRASTRUCTURE, NOT BECOME A PLATFORM.
A PROTOCOL, NOT A PRODUCT.

[Marchi @enmarchi]

@MuddyRC The king is back

[Marchi @enmarchi]

@fudmustdie_fun when mining is not cost effective, you turn off your rigs and hashrate goes down.
If thats what you mean by adapt, sure, doesnt fix the security budget though

[Marchi @enmarchi]

@fudmustdie_fun and what if miners die in the meantime

[Marchi @enmarchi]

@MuddyRC This is FAX

[Marchi @enmarchi]

@Polymarket can we get a market for this or what

[Marchi @enmarchi]

Ultimately the value of currency is determined by trust in it.
If the market cannot trust that the fed will continue to make decisions based on its dual mandate rather than the election cycle, the market WILL diversify.

[Marchi @enmarchi]

@MuddyRC no i got confused with tom HAHAHAHAH