1/ ETH is the best positioned asset:
- To become self sovereign money
- To have a native, uncorrelated yield
- To be globally censorship resistant
- To have customizable privacy
- To be quantum resistant
- To stay decentralized
- To achieve the potential BTC was supposed to
btw this isn’t the first time a bug like this was discovered in zcash. last time it was disclosed after being a year+ in the wild and everyone lost faith and zcash went to zero for 7 years, until they found a new generation of buyers who doesn’t know the history (that’s you)
After selling $ETH, I immediately took ~50% of the capital to VVV, NEAR, ZEC, HYPE
I left the rest as capital to DCA into something not already up multiples (other than NEAR, which was ~1.40 at the time.
I've finished buying $LIT with that remaining 50%
this week is the official beginning of the new cryptocurrency bull cycle. make note of it. blackrock btc etf june 2023 vibes, but this time for ethereum.
so few.
When money depends less on a single issuer, users gain more ways to hold and move value on their own terms.
@frankencoinzchf lets users mint and use ZCHF through open, oracle-free smart contracts.
Frankencoin is built on Ethereum.
Trillions get printed each day in the US stock markets
And yet you are too fearful to ape into $ETH with a total $250b mc and has gone only sideways for 7 years (accumulation)
Do you not understand once ETH prints, it will probably smash a 10x as a payback to $2.5T in one god candle
Building index-tracking assets on top of options instead of debt
https://t.co/gFNEvCbHct
What if the use options as the base of defi, instead of CDPs and liquidations? So instead of extreme price movements creating a sharp and global "you get liquidated" effect, instead your exposure to the index diverges quadratically from your preferred exposure in a smoother way?
A key benefit is getting rid of the need for instant oracles, and instead making everything work on top of "slow oracles" (ie. the type that prediction markets use)
This design has a significant downside - the need to do regular rebalancing - and an open question of whether and how this rebalancing can be made slippage-resistant enough. But it's worth considering and trying IMO. I would feel much safer holding algostables inside something like this, than in something that depends on an oracle that has to give real-time answers (and therefore could be tricked into giving wrong real-time answers with no time for human recourse).