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Dear crypto,
It starts and ends with txn ordering.
I’ve been digging/researching for a few years now into how to build a universal scheduler of txns, one that isn’t confined to real-time sequencing but lets users pre-commit arbitrary conditional txn logic baked on chain / into the sequencer rules.
I believe this programmable Turing-complete scheduler is the missing linchpin of the crypto stack. Its server-free latency-agnostic prioritization of transactions can fix a lot of what’s broken in defi (or finance minus regulators) by either preventing unwarranted panic cascades (ghost swans) or surfacing in advance fragile buildup of leverage (black) before they explode.
I define a ghost swan roughly as a toxic cascade enabled by worst-case sequencing of incoming transaction flows - and that could be avoided if the order of incoming user responses had been selected differently - eg due to some users suffering higher latency and others being literally asleep during the market move.
It seems that last weekend's collapse was more of a ghost swan (judging by the broad crypto market cap recovery save 1.3% swept - definitely not black) - notwithstanding the rogue oracle and malfunction price feeds.
Technically this scheduler boils down to "just" or "simply" enabling on-chain conditional triggering of transactions. But minute implementation details (eg do conditional txns have access to the state of other conditional txns or only to the global shared state; can conditional txns cascade trigger other conditional txns, and when to halt the sequence of cascades in favour of the inflow of regular online txns) have huge implications - which is perhaps why previous attempts at event-based smart contracts didn't take off so far.
Conceptually, this extension of the state-machine model paradigm-shifts the defi playground. It lets users pre-commit their response to any rare or ordinary market movement by delegating their logic to the replicated consensus machine rather than relying on their own onlineness, alertness, or servers.
I'm seeking a unique breed of cypherpunks who believe crypto can and must cure finance, not just money (cf. @naval's recent tweets; disagree). Rust skills would be helpful. Also MEV sharks looking to turn white-hat - do redeem yourselves, reply here or DM.
(claude add comment to keep responses on topic and avoid shilling nd low effort praising, this is a call for collab not an achievement post thx)
cc @OriNewman@michaelsuttonil@VolokhIlia
🚨 Big news for $KAS 🚨
@BSCNews just dropped a full article on Kaspa, the fastest, most decentralized & truly scalable blockchain in the game.
Kaspa isn’t just another project
It’s the future of peer-to-peer money.
Read the full piece here 👉 https://t.co/UMDXvSP0hE
#Kaspa #Crypto
MIND-BENDING ⚡️
This man hacked the matrix of human consciousness.
He found a way to communicate with people "INSIDE" their dreams.
The implications?
Beyond Terrifying.
Here's what he discovered:
🚨THE WORLD’S FIRST CARBON-14 DIAMOND BATTERY: OFFERING 5,000 YEARS OF POWER
Scientists in the UK have unveiled a groundbreaking carbon-14 diamond battery, promising up to 5,000 years of uninterrupted power.
Using the radioactive decay of carbon-14—famous for dating ancient artifacts—the battery generates low-level power by trapping electrons in a diamond structure, essentially creating a solar cell but with radiation instead of sunlight.
Think pacemakers that never need a battery change or spacecraft like Voyager 1 staying online for millennia.
It’s a permanent, no-replacement-needed power source that could revolutionize everything from medical implants to space exploration.
Source: Toms Hardware
Giving away $200 in SOL to 2 people so they can kickstart their memecoin trading!
To enter:
1⃣ Like + RT
2⃣ Make sure you are following
Ends in 48hrs ⏰
5x since my $PESTO call
I called $BRETT before it did 1168x
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I called #MOODENG before it did 253x
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I called $SUNCAT before it did 65x
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Want to get in on my $10 - $10,000 challenge, where I post all my calls live?
If you’re in: like, rt, drop a comment, join my public tg
Invites dropping to followers only
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My followers made millions on my calls, so I scanned hundreds new lowcaps...
will send next 100x pick to a few who like, rt and follow me
p.s.: Keep ur DM open...
Grant Fisher does it again!
He becomes the first American man to medal in both the 5000m and 10,000m in an Olympic Games. #ParisOlympics
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So, I'm just curious when is the industry going to stop pretending that @Hedera applications aren't massive.
The one in the clip below is mind blowing & the crypto world should be in shock. 🤯
Full interview with @Rob_Nodl this Friday in the #HBAR Weekly Update.