Actually, lol, I forgot, I actually chose not to market, cuz government, and it turned out to be totally the right choice. How time flies. Nothing like that chilling effect on speech. So yes, actually I made the right decision. So I'll amend my statement to, I wish I chose to appeal to higher quality likes, instead of lower quality ones. I'd rather lead those that love me, over those that hate me.
I think it's time to talk about @_SigmaProtocol and how I see it fitting into the current #PulseChain ecosystem and how I hope it will shape the future of it.
I've made enough posts about liquidity and entropy. Even some my terms like "liquidity web" have become commonplace now, so it's nice to know you guys listen.
In short, we need products that reward good behavior, but not just for itself, but the whole chain. $HEX does this for itself, $HDRN / $ISCA do this for themselves and $HEX, etc...
Very few things are out there that are incentivize that behavior for the whole chain that aren't liquidity products. Liquidity is great, but it also just has a neutral effect. Can be good, can be bad.
On a side note, the LPX guys seem to have something cool. I think I still need some more time to know 100% how I feel about it, but. I do think it's worth looking into and making your own decisions about.
Anyways, on to @_SigmaProtocol. The TL;DR without giving up any secret sauce. It's a multi-index protocol. Think things like SPC, IXIC, DJI, etc... in traditional markets.
It has multiple index strategies to choose from, equal weighted is of course one, but there are others. You can bundle a number of tokens together and it will create a singular index token that represents the bundle and strategy. After funding the only way in / out of the index is stables.
There are some really important nuances.
1. The tokens in the index are not liquidity, they are specifically held outside of LP pools. Many tokens in, one out, reduces entropy of the system state. No impermanent loss risk from LP.
2. Because of the direct stable input / output redemption mechanism the only pair that makes sense with the resulting index token is stables or coins with massive stable pairs like $ETH and $PLS.
3. Onboard ease, buy one token and hold the representation of many. Easy to also create alternative bridge markets where the other side of the bridge only needs one pair with a stable to provide viable arb opportunities and liquidity injection from other chains.
Which brings the final question, how are these indexes in Sigma created? By a custom DAO of sorts. A lot of the secret sauce exists in the DAO, so I'm going to be brief for now.
There are no restrictions for the DAO, primarily I envision other token creators on #PulseChain to be the primary holders of the DAO token, maybe some whales and blockchain enthusiasts as well. Anyways, the DAO has the ability to tune many aspect of active indexes but also create new ones. However there is one major caveat. When creating a new index, the proposer has to put up DAO token as backing collateral.
I don't know if these DAO tokens will have value as they are largely functional. Maybe people speculate on them, I can't control that if they do. But if proposers create bad indexes or include scams in them, they lose their DAO tokens and can no longer participate in the DAO. That's the tradeoff.
Now of course, the final final question. What about V2? In short, it's largely complete. I just don't think it's going to be a net benefit right now. There is too much fundamentally wrong with the chain state. Hyperlane is cool, maybe I extend the current codebase with it. It certainly cannot lift the chain on its own with how connected we all are. My hope is @_SigmaProtocol will create an environment for V2 to thrive.
Note, whether you blame Richard, or scammers , or all the copied tokens, etc... for this. It doesn't matter. Reality is we have a relatively well functioning chain, and this is the state it is in. We can complain about it, or we can try to make it better. Complaining doesn't often do anything, so i'm trying to make it better. The problems we deal with the today are largely the result of the users (us) doing dumb things.
We are a community or not, we may all not agree, but we all need something to unify around, something that includes all of us. Because if we are not a community, then we are nothing.
Thanks for coming to my TED talk. May the future of $PLS be bright. I wont stop until it is as bright as it can be.
The most positive thing about PulseChain is that small investors, like me, actually have a chance to earn life-changing money in the current market conditions.
This is what “creating millions of millionaires” truly means.
PulseChain is giving us liberty and the freedom to take control of our lives.
Take this chance. Don’t waste it.
no matter who you voted for the debt keeps rising and the bombs keep dropping
it’s a death spiral where intinite money printing is required for a broken system to keeps functioning until the music stops
wait until people find out that tariffs and wars are inflationary and the covid money printing is nothing compared to what we see over the next 18 months
crypto is the answer and I firmly believe that PulseChain ecosystem is positioned to win massively and if you got excited in 2021 this run is going to be much bigger
my bet is on Hex
Teddy $BEAR on #pulsechain is the REAL deal 🧸🚀
0xd6c31bA0754C4383A41c0e9DF042C62b5e918f6d
Web: https://t.co/LeT1jVczdS
Telegram: https://t.co/AyznkhfDLx
X: @teddybear_pulse#teddybear $hex $pls $plsx
So many people wanted him to stream - and he streamed days after the SEC case was dismissed for good
Did it give you the results you wanted?
Is it now obvious that he was doing it for safety?
Can you see his eyes?
Did you apologize for going after him relentlessly?
I know exactly the eyes of a man who's working his arse off and I don't see those eyes in anyone else on Pulsechain
If one person wants this blockchain to succeed more than ANYONE ELSE on the planet, it's Richard!
It's his baby, it's his legacy, it's his glory
I stand with you Richard, and I stood with you in the darkest times, and I'll continue to stand with you until we save the world
You either believe or you don’t.
I believe a bright future awaits, but no one will ever see it coming. We await the culmination of 2 years work on Pulsechain.
$pDAI $BEAR
I beat the SEC in court. The SEC did not drop its case against me. The judge completely dismissed their case for both failure to state a claim and lack of jurisdiction. This is why PulseChain, PulseX and HEX gained legal certainty that almost no other coin has, even Ethereum.
They judge also rejected the SEC's abandoned alter ego theory. This is a victory for open source software, free speech, PLS, PLSX, HEX and I.
Today the SEC notified the court that it “...does not intend to file an amended complaint...” and their deadline to do so has expired. The Court previously dismissed the SEC’s entire case. Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC completely and have achieved regulatory clarity that nearly no other coins have. They're now safer to work with in ways that almost no other coins are. The SEC walked away from some other cryptocurrency cases voluntarily, but this is the only case where the SEC lost and crypto won across the board, with a dismissal in court of every single claim the SEC brought.
This is a victory for open-source software, cryptocurrency, and free speech. The SEC actually sued software code itself in this case, claiming it could be an alter ego of a person. This would have set a terrible precedent and caused perhaps multiple billions of dollars of damage to the vital open source and free software industry that powers most of the Internet and your speech on it.
Imagine being so dark minded you've lose all faith in humanity that you think everyone is a grifting scammer 😢
The "world" is a projection of your own mind and has absolutely nothing - NOTHING - to do with Truth
Where are we now with pDAI?
1. Minting is capped - no more infinite pDAI can be created
2. If there was an exploiter, they’re out - no control remains
3. If it was coordinated, 5996 may have intentionally handed control to Cattie to begin phase two
4. If it wasn’t, then pDAI has been pulled into the Atropa ecosystem and holders are now aligned with its future
So pDAI was either exploited and it was fixed or it was theatrics and the pDAI show goes on….
pDAI to $1 (or more or less)
🧑💼 I would encourage you to analyze everything Hamad Daiichi has done beyond the last 3 weeks
🧪 I look at it more like investing in a technology that is being experimented with and refined in real time
❎ A lot of people are popping up and only seeing the "negatives" of $ATROPA and claiming them as objective truths when they're just subjective perspectives
🌏 Why isn't anyone jumping to conclusions that someone is just trying to make the world a better place?
💵 Because people just treat crypto as a place they can extract from others, that's all they say in the actions of others
🧠 Make up your own mind and do your own research on all of this because I get a lot of things wrong
🧸 In Teddy $Bear's We Trust
Maria Created the TBILL/BEAR LP with his Own $BEAR Tokens and Burned the LP
He is Free To Extract his own $BEAR Tokens From His LP and Sell Them
Maria Still Had alot of $BEAR Left in the Burnt LP because he ran Out of Liquidity