short story. i mined tao 3 years ago when hope was nothing and the pitch was only incentivizing intelligence. then it rose into billions with that idea of fair economy.
no bs but $ORE is the thought that lived in me long before tao, probably in everyone’s who’ve been in crypto long enough; programmable hard money.
but this one with deflationary economy that feeds itself and breaks past multi billions protocols with frightening momentum, WITHIN WEEKS.
i said it before: the market is shifting to fair economy.
the masses will flood the mines, inevitably.
and everyone will get their fair share of this hard money.
i would bleed on $ORE than be drained by insiders whose tokens cannot even sustain their own economy.
it’s on my skin to believe that new collective value will take time to mature and eventually win, big time.
and revenue-chain in particular, isn’t something you dismiss.
Satoshi identified the problem: How do you create digital money that cannot be debased or controlled by centralized authorities?
Bitcoin solved double-spend.
Solana solved scalability.
Wallets solved self-custody UX.
solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp solved PoW value leak.
The innovation is cumulative with each breakthrough built on the last.
Just read the full ORE research report — solid numbers on revenue, valuation, and mining activity.
V4 + staking migration is already showing results. This is the kind of transparent data that makes the project stand out.
Still mining while building other tools. ORE is low-maintenance alpha ⛏️
Anyone else deep in the mines right now?
@0xSrMessi@thefutardiocult The UX was a bit complicated when we first tried. Community learned a lot, but ultimately decided it was too early for us at the time.
I really like futarchy fwiw, and have been designing a new ORE<>Metadao integration that I think will be great.
Details for the future.
"You'd never sign a paper contract they wouldn't let you read. A closed smart contract is exactly that. A blank sheet of paper that says sign here anyway."
- @HardhatChad of @ORE
Rule Number 1. Always open source.
The Lost Tapes 01: Deep Cuts From the Mine.
@mattytay@ORE Comes with the territory.
The game is for the multitrillion dollar SoV market. May the project that scales self-custody to a billion people win.
There will be many copycats of @Ore, just as there were many copycats of Bitcoin in the early days.
Speculative value may scatter for a season, but it will ultimately be consumed back into Ore.
Let a thousand forks bloom.
ORE V4 rollout begins today.
V4 is designed to ship differently.
One thing V3 made clear: public, in-progress product development is hard to follow. Throwing out cherished ideas and considering new ones is part of the process, and that uncertainty can be uncomfortable to watch in real time.
So V4 was built more quietly. And rather than a single large upgrade, it will roll out gradually, with room for community feedback on each new feature.
Beginning today with the first ship: a redesigned miner deploy form.
The new deploy flow:
- Input the total SOL to be deployed into the mines.
- Select tiles per round and number of rounds.
- SOL per round is calculated automatically before deploy.
The new form is also substantially more mobile-friendly than before.
A few distinctions from the legacy form:
The primary number now represents total SOL being deployed into the mines. Increasing the number of rounds spreads that SOL across more rounds, automatically reducing the amount deployed per round.
For miners who prefer per-tile input, the legacy version remains available in settings, along with some newly added UI toggles.
Starting out small with some simple frontend changes for now.
Much more to come.
ORE V4.
I should probably chime in here…
Through all its various iterations, people have tried to game and manipulate ORE incentives more than maybe any other protocol on Solana. Through this, we got pretty good at running the game theory for these kinds of structures.
The reason ORE does not have any reward structures for “top X” miners is not because we have never thought of it; it’s because it’s trivial to sybil attack these kinds of incentives. As soon as you’re in the top X, miners are incentivized to make a new wallet, get that one in, and now they have 2/X chance of winning by blocking out other users.
If you accept that Sybil attacks are “just part of the game”, then that’s fine. The ORE community decided to avoid structures that incentivize Sybil attacks given the average user is not able to compete in that game.
Most people have never heard of ORE.
Of those who have heard, most don’t understand the mission.
Of those who understand, most don’t believe it’s possible.
Of those who believe, most aren’t brave enough to say so.
Be brave. Do the impossible.
@ORE
MOTHERLODES THIS SIZE SHAKE THE MINES!🪨⛏️
Mining volume spiked to six month highs last week, with over $2.5M worth of SOL deployed in 24h chasing the 600+ ORE Motherlode. The protocol produced $412,203 in revenue in the 48h leading up to the $78k ML hit.
In SOL terms, this was the heaviest session since last November. In USD terms this was the highest volume since January.
These mines are not slowing down.
Keep your hard hats on.
The Lost Tapes 01: Deep Cuts From the Mine.
feat. @HardhatChad of @ore.
The conversation the timeline needed.
Store of value. Privacy. DeFi. Mining. Quantum.
A @Wisemenmentors Production