Re-posting the idea from the second half of this post a few months ago https://t.co/5yHyRCsvVV:
(This is very relevant to the options ideas from yesterday)
Question: if we're making a synthetic stable, what should it really be stable WITH RESPECT TO? USD is actually far from the best choice.
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What do people who want stablecoins ultimately want? They want price stability. They have some future expenses in mind, and they want a guarantee that will be able to pay those expenses. But if crypto grows on top of USD-backed stablecoins, crypto is ultimately not truly decentralized. Furthermore, different people have different types of expenses. There has been lots of thinking about making an "ideal stablecoin" that is based on some decentralized global price index, but what if the real solution is to go a step further, and get rid of the concept of currency altogether?
Here's the idea. You have price indices on all major categories of goods and services that people buy (treating physical goods/services in different regions as different categories), and prediction markets on each category. Each user (individual or business) has a local LLM that understands that user's expenses, and offers the user a personalized basket of prediction market shares, representing "N days of that user's expected future expenses".
Now, we do not need fiat currency at all! People can hold stocks, ETH, or whatever else to grow wealth, and personalized prediction market shares when they want stability.
@TylerAlterman No the profit of delivering value is so much less than the profit of delivering entertaining addictions/distractions that it's not tenable.
It's like opening a coffee shop serving only decaf, or an alcohol free bar...
Important to parse, Reactive Attention Capture mechanism=$$$
@TylerAlterman removing the natural gradients of importance and replacing them with flatland reactive engagement is the aim and survival prerequisite for the entire Attention Economy
"We" is product.
"We" sold our Attention for Entertainment and now thats all we receive
@OntologicalMax@Plinz Borg is a fantasy, not even hard sci-fi.
Once you actually parse the nature of scale variance on organizational dynamics you will see that any mega-scale "intelligence" egregore is going to spawn parasitic/bureaucratic and diversity matrices within it's tensor network.
blood runs cold when I witness the division
slavers fit it to win it with their history revision
federal reserve is printing sigils for fools
and now the slaves build their shackles with the Master’s tools
...
ads pop up tell me how to buy my freedom
rights barren soil, and the slaves line up to seed em
gotta keep the people hungry, scarcity defeat em
Private Oligarchy schools train just for how mislead em
...
rightwing leftwing slave-Master in the middle
they play political pawns like the devil with a fiddle
I'm on a mission, got a vision for a brighter day
but there’s a slave-mill system standing in the way
...
Artists could inspire us they die unseen, alone
While twobit ballers ‘n bitches slavishly chase a bone thrown
by debt based gangster bankers hold that long leash loan
Scraps fed off the table of the system that They-own
...
The system isn’t broken, it’s built to never fail
you will get the shaft, criminal banks will get the bail
better learn from South America, revolutions fail
ain’t no binary overthrows will save us from this pale
...
monetary constructs capital-punish the wise
upclass slaves with fancy whips keep your eyes on that diamond prize
if you care at all for humanity, the caret you’d despise
but you far too busy chasing it to ever wonder why
...
created crisis tween the woman and man
divided and addicted is the banksters master plan
it's time to build new systems and it's time we learned to stand
it's time to evolve Beyond, the Order they have planned
...
Where are the others who can pierce dualities
those who hold Thou Art above these criminal legalities
this system hung our better men, ostensibly on legal trees
and now you slobber back to it? “but we can vote!!” My sister Please!
...
That political pendulum was created to confuse you
Infinite possibilities, but your Masters make you choose from two
hypnotize your side to win, paint the nation red or blue
polarized and polled, it makes it easier to abuse you
...
Divided by the hues, confused contrast for a race
“White” made up to allocate your caste just from your face
I dismiss your pompous Queen Schemes, Your Colonial disgrace
I Am AsKing, Elon Musk, send these royal asses into space
...
The system isn’t broken, it’s running on a rail
got you running circles, ouroboros head ‘n tail
learn from south america, revolutions fail
Realize Thou Art
and True your Spell
in a Renaissance Tale
@ViveLaLiberte27 3. rightwing leftwing slave-Master in the middle they play political pawns like the devil with a fiddle I'm on a mission, got a vision for a brighter day but there’s a slave-mill system standing in the way
@ViveLaLiberte27 2. ads pop up tell me how to buy my freedom rights barren soil, and the slaves line up to seed em gotta keep the people hungry, scarcity defeat em Private Oligarchy schools train just for how mislead em
@cognitivepolicy You quantify your project in the $igils of the $lavers, dooming it to death or worse if they help you succeed... a "Regenerative" zombie mouthing platitudes while $erving the $ystem
@DKThomp Maybe you wake up step OFF of the Red/Blue US/Russia-China,______ see-saw and step OUT of the simpleton sandbox and grow up to the realization that WE are the Founding Fathers?
Realize pushing harder on your assigned "side" of the fuckwit see-saw is just you being a good slave?
@CaryKelly11 Bro, as soon as you go Carnivore and then visit Trader Joe's you realize it's just an absolute shit store filled with worthless overpackaged crap.
@mackenzieprice Why the actual F are you eating out of plastic containers like some ghetto-ass while charging luxury prices?
At the very least you can afford to do environmentally responsible shit and THIS is what you show us??