TokenPhysicist

vescebi, oravi, amavi

[TokenPhysicist @TokenPhysicist]

@z0r0zzz @alpeh_v the original idea behind the EIGEN token was monetizing the value of diverging beliefs, where in a contentious event you'd end up with two tokens and value would fluidly flow between the diverging tokens depending on the split of belief in what the truth is

[TokenPhysicist @TokenPhysicist]

@alpeh_v "too big to lose" (the bet)
I agree this is ironically already how the economy is structured

[TokenPhysicist @TokenPhysicist]

Bit overdue, but I've joined the @angstromxyz team.
I've been excited about MEV recapture for a long time now, and we're building cool stuff over here!
$1B in total volume is just the beginning; more coming soon 👀

[Angstrom @angstromxyz]

We just crossed $1B in total volume!

[TokenPhysicist @TokenPhysicist]

unfortunately I found this candlestick fungus during the day far from home. they glow in the dark, hence the name. still a cool find though

[TokenPhysicist @TokenPhysicist]

normally I deemphasize the urban nature of many of my mushroom finds, but with this one it's kinda the whole appeal

[TokenPhysicist @TokenPhysicist]

@stemcellpaul1 it was softer than I expected! most shelf fungi like this are wooden to the touch, but apparently reishi are soft enough that they can be eaten fresh instead of just going into tea

[TokenPhysicist @TokenPhysicist]

I found a Reishi mushroom in the wild.
This is one of the mushrooms contained in (some) mushroom teas -- there are lots of people out there consuming powdered *something* and trusting that someone grew or foraged these, dried them out, and ground them down

[TokenPhysicist @TokenPhysicist]

@WazzCrypto The problem is everything else seems to be dropshipping now too. eBay, etsy, WayFair, etc. are all identical.
Retail stores will sell store-branded versions of the same no-name chinese crap to the point that there are websites for finding the cheapest retailer of identical items

[TokenPhysicist @TokenPhysicist]

Amanita muscaria remains perhaps the most recognizable mushroom in the world. I met a couple gentleman staring at this bad boy which was growing next to the sidewalk. The cap was ~6 inches in diameter, so definitely on the larger side

[TokenPhysicist @TokenPhysicist]

@thedefivillain seems like a trap that is highly likely to go low-yield + illiquid again. no guarantee of liquidation if SKY drops enough either; might as well just lend to Rune directly w/ a handshake.
@ImperiumPaper has a lot of good posts on it, e.g. https://t.co/V8fnuyBNZj and its QTs

[PaperImperium @ImperiumPaper]

This is still subsidized, by the way. Hope everyone who aped into this at 40% and 20% and 15% are monitoring it 🫠

As pointed out before, the risk here is illiquidity. There’s no incentive for the one large borrower to repay, and they also control all the parameters (hence manual adjustments of yield ever lower to a target range that’s absurdly low).

So once other depositors withdraw and utilization gets high, you’re stuck until new depositors show up.

[TokenPhysicist @TokenPhysicist]

@ImperiumPaper any good recs for my reading list? currently I'm on a monetary theory kick but I'll read anything interesting. I just learned about the pre-WWI "Latin Monetary Union" in Europe from Silvio Gessel's book

[TokenPhysicist @TokenPhysicist]

'In the Canadian wheat district, for example, where to this day good land can be obtained free by
everyone'
This is from just ~100 years ago (written in 1916). The idea of unclaimed, free land seems nuts to me now. Is there anywhere left on earth like this? Parts of the Sahara?

[TokenPhysicist @TokenPhysicist]

from 2012 called Freicoin that apparently does something like this, but it's mostly a Bitcoin fork, really feels like a relic of a different era.
Anyone familiar with something of this ilk?

[TokenPhysicist @TokenPhysicist]

So I've been reading some about demurrage currencies, which are designed to lose value over time, in a way distinct from inflation.
Trying to figure out what this looks like in crypto, it feels like a token that consistently negatively rebases?
There's one AFAICT dead project...

[TokenPhysicist @TokenPhysicist]

this is not a potato with a smaller, darker potato balanced on top of it -- it is actually a rounded earthstar (a type of mushroom), and when you touch it, spores shoot out of the top in a tiny puff of magic gray smoke. nature is weird, man

[TokenPhysicist @TokenPhysicist]

with the trial of the Low Carb Crusader ongoing, it's time to post this meme once again

[Inner City Press @innercitypress]

@amazon Defense: Everyone calls them sandwich attacks?
Yakira: Everyone is a big word.
Defense lawyer Marks: Coinbase calls them sandwich attacks, right?
Yakira: Coinbase makes money off them
[Note: Coinbase has applied to OCC for a bank, murky https://t.co/bacyFhEy17

[TokenPhysicist @TokenPhysicist]

@ImperiumPaper Feels like a bit of a tough spot for AAVE given their model -- with effectively a single, shared pool they need to be conservative with risk management and the parameters they set.
Modular architectures like Euler or Morpho can have these in a "risky" pool without global danger

[TokenPhysicist @TokenPhysicist]

@boredGenius sorry to hear about the shutdown. Bunni seemed super cool; it's a shame to see it all go up in flames over what is ultimately one small mistake.

huge respect for MIT-licensing the code though. I hope it gets another life(s)

[TokenPhysicist @TokenPhysicist]

So is everything just bottom-tier dropshipping now?

My recent experience trying to buy furniture:
- chain stores all carry the same crap, sold at radically varying prices
- Amazon, Wayfair, etc are full of literally AI-generated images, no way to know what you'll end up getting