eric

protocol @uniswap, views my own

[eric @not_eric]

this is the last tweet in the thread

NFA, etc.

[eric @not_eric]

universal value exchange in progress...

only on @Uniswap

[@jackbutcher @jackbutcher]

https://t.co/2aKuQozdpD

[eric @not_eric]

learn more about how the auction mechanism works

https://t.co/I73Unn0UYm

[Uniswap Auctions @UniswapAuctions]

Your official guide to CCA and Uniswap Auctions ↓

[Uniswap Auctions @UniswapAuctions]

$BALANCE auction is now open

Users have 24 hours to submit bids from the Uniswap Web App

[@jackbutcher @jackbutcher]

https://t.co/2aKuQozdpD

[eric @not_eric]

@charliekerr @andromeda_ai congrats!!!

[eric @not_eric]

@Rhynotic @zherring ezhong.eth

[eric @not_eric]

excited to be doing cool shit onchain with jack

don't fade @UniswapAuctions

[@jackbutcher @jackbutcher]

the initial supply of balance will be auctioned via a uniswap cca on 10/20 at 10:20 EST (https://t.co/Fo1S6RCtv0)

I bought back 1% of max possible supply of balance on the open market and will make $0 from the sale, all funds will be used to provide liquidity to the artwork

[@jackbutcher @jackbutcher]

balance is an artwork with liquid provenance.

credits are individual works made from cyan, magenta, yellow and black. each has a rating.

80 credits are burned to compose a statement. the collector chooses the arrangement. the ratings are added together.

a statement can be permanently locked to release its rating as transferable balance.

each wallet has an artwork displaying its balance and inherited colors. as tokens move, color moves with them. as balances meet, colors mix.

empty the wallet and the artwork remains.

this video follows 10,000 balance through six wallets. the total stays the same. its distribution and appearance change.

chance. choice. consequence.

an expanding surface. a finite supply.

[@jackbutcher @jackbutcher]

10/20 = 0.5 (balance)

[eric @not_eric]

@0xkioto and @ArtofConviction putting out heaters

[eric @not_eric]

highly recommend following the sparsity guys

[Sparsity @sparsitydata]

"it's bottomed" is the most expensive sentence in crypto.

We built a page that shows which coins actually have, and which are still getting there, read from what holders are doing on-chain, not from the chart.

https://t.co/KWfwzVaRYK

[@jackbutcher @jackbutcher]

credits is an artwork about belief

each credit was created from a private payment - an $8 transaction on x money

each transaction id, originally visible only to sender and recipient, was converted to a sha-256 hash to create an artwork made of four 8x8 printing plates in cmyk (cyan, magenta, yellow and black)

the transaction id and settlement timestamp became public source data for the onchain artwork

the x money transaction settlement time (in seconds) determined which plates print - there are 15 different possible combinations of cmyk, so this process repeats 4 x per minute

if the original transaction id contained an 8, the resulting artwork metadata keeps track of each

the rarity calculation considers the color combination, the number of active pixels, the space they occupy after the plates shift, the number of 8s in the transaction id, and the registration of the plates

these qualities are measured against the completed collection and translated into a credit rating between 80 and 800

the rating measures those traits - it cannot account for every reason someone might value an image

the rating is fixed - the price is whatever someone is willing to pay

80 credits can be burned to create a statement

the collector chooses which credits to use and how to arrange them - their individual ratings are added together, and their colors become the material of the new artwork

a statement can take different visual forms without changing its rating

statements can also be overprinted - one is burned into another, combining their ink, ratings and histories

balance is the proposed next form

under this design, a statement can be permanently surrendered for its rating in divisible erc-20 tokens - one point becomes one balance

the statement is locked rather than destroyed - its artwork and history remain, but it can no longer be transferred

its quantity and color composition can move independently

each receiving wallet gets one non-transferable erc-721 artwork

the artwork stays with the wallet and reads its current balance of the transferable erc-20 token

the tokens move - the artwork updates

if the wallet holds nothing, the artwork remains and displays zero

when balances meet, their colors mix in proportion to the amounts received - when they split, each part carries a share of that mixture

the colors preserve an aggregate ancestry, not a traceable list of individual credits or statements

exchange custody can mix them further - a buyer may receive the exchange’s mixture rather than the particular colors a seller deposited

someone who never owned a credit or a statement can inherit their colors

credits, statements and balances can exist at the same time

some people keep the individual marks, some compose them into pages, and some surrender the page for something they can divide and exchange

others may simply prefer the balance artwork

composition reduces the number of surviving credits, overprinting reduces the number of surviving statements, and surrender moves statements out of circulation while releasing their accumulated rating as balance

the appetite for liquidity becomes one of the forces shaping all three collections

but making something divisible does not mean someone will want to buy it - actual liquidity still requires buyers and funded markets

balance offers divisibility, not a promise of demand

the market becomes a medium - its activity changes the distribution of the work, and when trading stops, that distribution remains

the price can disappear, the artwork cannot

[eric @not_eric]

@saintniko @0xRacist we need to do a round 2 @notthreadguy

[eric @not_eric]

@caitlinxyz @gaybrick Congrats Caitlin!!

[eric @not_eric]

@sparsitydata holy $tendies bullrope

[Regents @regents_sh]

Introducing Autolaunch.

> raise early funds through a CCA auction. It tokenizes a stablecoin generating service or agent
> tokenholders stake to acquire a perpetual slice of stablecoin earnings
⟢ A new AiFi primitive we call revstake

https://t.co/QP7rVZX08i is for backing long-term agents.

[eric @not_eric]

@contrarycap5 @DragonflyVC lfg congrats man!

[eric @not_eric]

@poopie @poopie check dm plz!