Mr. Franc0x

Building Smarter Solutions for the Real Economy. Former Lawyer.

[Navalism @NavalismHQ]

"Asymmetric opportunities:

Invest in startups
Start a company
Create a book, podcast, video
Create a (software) product
Go on many first dates
Go to a cocktail party
Read a Lindy book
Move to a big city
Buy Bitcoin
Tweet."

@naval

[Darshak Rana ⚡️ @thedarshakrana]

1995: This scientist discovered a doorway to another dimension.

He injected 60+ people with 400 doses of DMT.

Most reported meeting the same "entities."

The pattern?
Beyond scientific explanation.

What he discovered will challenge everything you know about consciousness: 🧵

[Darshak Rana ⚡️ @thedarshakrana]

In 1973, this man learned "to exit his physical body."

He "mentally traveled" to Jupiter and described its rings.

6 years later, NASA’s Voyager 1 confirmed EVERY detail he reported.

CIA immediately classified it

But, what he discovered about consciousness will terrify you: 🧵

[Leddy @LeddyLLC]

Modern life says stress is normal.

But the truth?

It's silently destroying your brain, body, and relationships.

Here are 10 proven tools to help you fight back before it's too late🧵:

1. Grounding.

[MindBranches @MindBranches]

“The Science of Rapid Skill Acquisition”
(summary in 4k)

[Elon Musk @elonmusk]

Hard to believe that things turned out this way

[gaurav @gaxrav]

quit brainrot. unfollow trolls. read essays. go down rabbit holes. have a calendar. maintain a todo list. read old books. watch old movies. turn on dnd. walk with intent. eat without youtube. chew more. train without music. plan for 15 mins. execute. organise your desk. take something seriously. read ancient scripts. act fast. find bread. eat clean. journal. save a life. learn to code. read poetry. create art. stay composed. refine your speech. optimise for efficiency. act sincere. help people. be kind. stop doing things that waste your time. follow your intuition. craft reputation. learn persuasion. systemise your day (or don’t). write. write. write. write more. iterate violently. leave your phone at home. walk to the grocery store. talk to strangers. feed the dogs. visit bookstores. look for 1800s novels. experience art. then love. sit with a monk and offer them lunch. don't talk shit about people. embody virtue. sit alone. do something with your life. what do you want to create? turn off your mind. play. play a sport. combat sports. notice fonts in trees. fall in love. notice patterns on a table. visualise it. talk to people with respect. don't hate. be loving. be real. become yourself. cherrypick your qualities. discard the useless. rejections aren't permanent. invite what aligns. accept what does not. read great people. be different. choose different. do great work. let it consume you. lose your mind. value your time. experience life.

[ₕₐₘₚₜₒₙ @hamptonism]

All the inspiration you need.

[Lingo @Lingocoins]

Lingo Islands airdrop wallet submission is live!

You have until 12th July to connect your wallet on https://t.co/NfeWSVNCpP to secure your airdrop allocation for season 1.

P.S: 10% airdrop bonus for all @MagicEden wallets.

[Venom Network @Venom_network_]

Our mainnet launches on March 18, 2024!

This marks a major step forward for the Venom blockchain, the community and the space as a whole.

We're excited to have you with us, and your support is key as we continue to grow and improve.

[Mr. Franc0x @matheusfpl]

Unleashing the power of the future with $VENOM! 🔍Mark your calendars for the mainnet launch on March 18th! #crypto #Venomfoundation #VenomLaunch

[Mr. Franc0x @matheusfpl]

Experience the true essence of web3 with Ylide on #VenomTestnet. By bringing together diverse use cases, we're shaping the future of blockchain technology.

Get ready to unlock new opportunities and possibilities! @VenomFoundation
https://t.co/LhkxfcFzbp

[Mr. Franc0x @matheusfpl]

Experience the first anime metaverse @Numi_verse on #VenomTestnet powered by @VenomFoundation 🌐

Dive into the enchanting Numi Club and mint an NFT here: https://t.co/65zSunGZdS

[Mr. Franc0x @matheusfpl]

Get ready to explore the world of DeFi with @SnipaFinance as it goes live on #VenomTestnet powered by @VenomFoundation
Join the adventure to mint a Snipa NFT here: https://t.co/3AB7Cw23H3

[Mr. Franc0x @matheusfpl]

🔥Can’t wait to try the @venompad first launchpad on Venom. Meanwhile participate in #VenomTestnet to explore the @venomfoundation ecosystem.
Start here: https://t.co/uj2lXEJ2ZH

[Mr. Franc0x @matheusfpl]

Explore the @0asisgallery platform to buy, sell and auction non-fungible tokens!
Discover additional dApps on the Venom blockchain at https://t.co/uj2lXEJ2ZH

[Mr. Franc0x @matheusfpl]

Excellent statements on some of the main concerns surrounding RWA. There is more buzz than consistent use cases (which have not even been 100% proven).

[Austin Campbell @austincampbell]

As someone who works in crypto, but has a background in both reinsurance and tradfi, I have some views here. To give a little background, I've been involved in the tokenization of assets at scale, I've traded all kinds of fixed income, and I've managed one of the largest ILS portfolios in the world. I'm not speaking as a casual here.

Some thoughts:

1 - You do not get to magically say blockchain lowers risk and wave your hand at it, then move on. In many cases, tokenizing assets and putting them on a blockchain is adding a layer of risk (you've added another ledger and a 24/7 system with different behavior on top of your already existing ledger, often on a different timescale), not removing it. Yes, there are theoretical benefits to using a blockchain, such as transparency of the token, tracking, and so on... but many of the alleged benefits (such as eliminating counterparty credit risk) have not even been competently built on-chain yet for abstracted or generalized use cases, much less in a way that also would eliminate it in the underlying market. In short, the majority of tokenized real assets probably add risk, not reduce it, in the current environment.

2 - One of the reasons I am so deeply skeptical of the tokenization of assets by crypto natives is that to understand how to tokenize an asset, especially off-the-run assets that already have not gained significant real-world adoption, you need to have a deep understanding of the asset itself. Raising parametric insurance contracts as an example here with absolutely zero discussion of the core problems with the parametric insurance contract market (namely basis risk and measurement disputes) that have nothing to do with a blockchain is just absolutely wild. This is like saying the core problem with horse adoption is lack of awareness or distribution of horses and completely ignoring the existence of the automobile. I want to be clear as someone who has worked in these markets: parametric insurance and private debt markets are deep expert markets with real-world structure problems that blockchains do not solve. Tokenizing and distributing markets that are complex and explode like live grenades in the hands of even sophisticated investors, but doing it retail? That is nothing more than a deeply cynical and morally repugnant cash-grab. Again, throwing these out casually is precisely the problem; this is classic hype merchant behavior of dispensing magic keywords without any understanding of the underlying structure, and indicative of the sort of thing that should cause you to throw out an entire pitch from someone when you see it.

3 - You do not disintermediate many of the things referenced (IBs, trustees, servicers, lawyers, auditors, etc.) by tokenizing assets. Unless the asset is a natively crypto asset, which is demonstrably not the case if we are tokenizing real assets, you still need all those things back out in the real world. Yes, for purely crypto applications or clever designs for some specific real-world use cases, it's possible to have some degree of "code is law" type implementation, though man, I really do not think people understand both the implications of that or how to do that in an effective manner. @lex_node writes about this often and far more effectively than I could, so let me just shill his handle here as someone who has opinions so informed on this topic it's probably unhealthy.

4 - You also don't get to magically say all this data exists on blockchains. It's often the collection of the data itself that is the problem. Slipping in references about sensors, drones, and wearables as though we are going to live in a 24/7 complete and total surveillance state to get slightly better settlement on a blockchain is again, deeply cynical (that, or the author genuinely believes in a more authoritarian dystopia than anything which currently exists on the planet). How, precisely, are we going to have real-time data about many private credit agreements? Do we think businesses are going to publicly put every single shred of their data on-chain to be analyzed? Track their employees in real time like they are automatons and put it all on-chain? Again, this is just confounding and unprofessional stuff.

I suppose I simply find it profoundly disappointing and sad that this is the state of the pitch for real assets on chain. If an intern had handed me something like this when I ran a trading desk, I'd have sent them home for the summer and told them they weren't getting a job. This is so far below replacement level in terms of how to think about or build fundamental structures on chain that I would have to write a post 20x as long just to explain how broken some of this thinking is, and how fundamentally we have to re-work some of these assumptions to get to a place where we can truly get useful things on-chain in a way that will improve the lives of people in the real world.

[Li Jin @ljin18]

A metric that I like to ground convos about crypto in is that Ethereum just crossed 245m cumulative unique addresses. Meanwhile, the internet had 248m users in December 1999.

We're at December 1999 levels in terms of onchain activity