“Spare the rod spoil the child”
”Turn the other cheek”
”He who does not hate his father, mother, wife, children, even his own life cannot be my follower”
“love your enemy”
at every instant christianity REVERSES natural heathy affection. Don't hit your attacker but your family.
its entirely about breaking bonds of blood, affection, and personal honor with others and yourself so you can be more completely morally controlled.
Jim Jones 1.0
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Crypto tokens have three primary drivers for value: yield, utility and governance.
Yield – what does the token pay you to hold it? Yield is derived from gas and other fees on the blockchain.
Utility – what benefits to I get holding the token? Do I pay reduced fees, get better loan rates, etc.
Governance – how does the token support decentralization, the token foundation and allow for voting relating to yield and utility?
There is a fourth driver – novelty – but I’m leaving that out as I don’t believe in it.
So when you think about what a token should be worth, things like “ecosystem” and even “TVL” don’t really matter, other than they can indicate how many fees – and thus yield – is being paid into the system.
Activity like token burns only matter when it translates to higher yield per token. Burning tokens that don't pay yield doesn't help.
Inflationary token rewards benefit particular token holders (those getting the rewards) but are actually counterproductive to the overall token community, as they reduce each token’s share of yield and dilute each token’s governance role.
I believe what @provenancefdn is doing with $HASH is the right token model.
The blockchain has the highest RWA TVL of public chains, but it ranks around 12th in total fees across all L1s. Fees matter more than TVL. The Provenance Blockchain Foundation is working with Figure to enhance network fees while growing the overall fee-paying ecosystem.
The Foundation is working with Figure to deliver utility to HASH holders through things like discounts on loan rates, higher DeFi yields and more.
The Foundation is standing up easy “one $HASH, one vote” quorum for voting to make it easy to ensure clear, visible governance.
$HASH can't be created, and the Foundation is actively working to burn $HASH for deflation.
And while I don’t count novelty, it is pretty cool to say you just bought some $HASH.
This is THE key teaching of The Graph.
Libs don’t have "excessive empathy" or "misplaced empathy" or even "pathological empathy" as you sometimes hear, they are filled with hate.
They are filled with HATE, and it is this hate which causes them to disingenuously PERFORM empathy in their weird, over-the-top way. They do this:
1. To maintain their self-image as "a good person" (phrase they repeat very often)
2. Because self-righteousness provides addictive endorphin hits
3. To weaponize their self-righteousness against their (perceived) enemies
How do we know this is true?
• They constantly fail Turing Tests (have no idea how conservatives, minorities, etc. actually think) because they don’t have actual empathy, they’re just projecting
• They’re filled with anger and bitterness which comes out very easily (not kindness and butterflies as they constantly shout)
• The empathy immediately stops when it requires they make any actual effort or contribution or sacrifice in real life (libs have the lowest rates of volunteering, giving to charity)
• Very high rates of conflict with family, friends (strange for an empathetic kind person, makes sense if they’re actually just an asshole)
• They constantly advocate for policies that hurt people they’re ostensibly meant to help & don’t change their mind when the evidence is in (Parable of the Motorcycle Helmet)
Whatever is closest to the center they hate most, therefore they hate
1. Themselves, most of all
2. Anyone like them (race, or class, or whatever)
3. Anyone who reminds them of their inadequacy (people who are successful or rich or handsome or wholesome or just happy)
"I realized I was sitting at a bullshit, low stakes table, and there's a bigger game to be played."
There is no greater and more meaningful experience to be had as a human being than raising kids.
People that mourn mistakes simply don’t believe in themselves. Everyone that wants to make it in 1 month is really saying “I need to get very lucky because I do not believe I am equipped to make it in a sustainable way over the next 5-10 years”. Those people would be much better off studying, trying again, failing, learning, etc until they do believe in themselves. And then it doesn’t matter.
if anyone wonders why no one even considers building Ethereum L2s anymore, look no further than what they did to blast
pacman was a phenomenal ethereum founder. probably the last one. blur was revolutionary, and blend was probably the last novel defi primitive
when he started blast, he did things differently. he was less obsessed with decentralization theater than other L2s were, and maxed out engagement and growth instead. as a result an ethereum L2 went viral for the first time
what did the ethereum cabal do? they shunned him. attacked him every day. said blast was centralized and unsafe. it got so bad they bullied paradigm, his lead investor, to publicly distance themselves from blast to defend their honor (i obviously don’t know the whole story but sitting on the sidelines it was really sad to see them do that to a founder)
so is anyone surprised paradigm doesn’t want to go through that again? or that no founder wants that? the pseudo-technical ethereum community is toxic and hateful cabal. why bother
oh and don’t get me started with the complete lack of support they’re showing luca with the penguins and abstract
fuck these guys. if you’re a founder, don’t build on ethereum
"We’ve gone from competing with a small group of local peers to competing with the entire world and their computers."
My latest on why achieving success feels harder than ever, and how to do it anyway:
https://t.co/alr9XDeCTr
Crypto twitter has shaped my life for a long time, and
sadly a lot of the good advice is being lost to history as OGs retire.
I wrote this piece to save the most formative pieces of CT advice somewhere, mixed with my own takeaways.
Some highlights in thread:
There's a not-so-silent war breaking out in SW DC btw the Executive branch and the Fed/centrist legislators & institutions.
As with almost every other irreverent thing Trump 2.0 has introduced, folks are missing the forest for the trees. Let me explain 🧵
I think about this graph a lot.
Not because of its political narrative, but because the night I learned about it, I was reading C.S. Lewis's "Screwtape Letters" to my wife.
As I was reading, her eyes widened, and she stared at me like I'd just spoken tongues. She then promptly made me look up the graph, because she'd learned about it just hours earlier on some Twitter post.
In the letter I was reading, Screwtape (a demon writing letters to his nephew on how to corrupt a human soul) wrote:
"Do what you will, there is going to be some benevolence, as well as some malice, in your patient's soul. The great thing is to direct the malice to his immediate neighbours whom he meets every day and to thrust his benevolence out to the remote circumference, to people he does not know. The malice thus becomes wholly real and the benevolence largely imaginary."
"Think of your man as a series of concentric circles, his will being the innermost, his intellect coming next, and finally his fantasy. You can hardly hope, at once, to exclude from all the circles everything that smells of the Enemy: but you must keep on shoving all the virtues outward till they are finally located in the circle of fantasy, and all the desirable qualities inward into the Will."