Much wow right now, maybe too much nom nom...
...or maybe that's a senile OG talking after getting mercury poisoning just looking at the @SushiSwap buffet.
Some thoughts on #DeFi's ongoing food frenzy 🧵
...or maybe that's a senile OG talking after getting mercury poisoning just looking at the @SushiSwap buffet.
Some thoughts on #DeFi's ongoing food frenzy 🧵
Placeholder, for example, has worked with a number of #DeFi teams over the last few years and have strongly advocated for users, suppliers, and governors *earning* yields.
But we don't farm.
But we don't farm.
The way we see it, farming is for farmers. As a firm focusing on creating new land for society, we don't want to steal nutrients from the soils that allow for the best crops to grow.
Few understand.
Few understand.
The choice of how and where you operate is entirely yours, don't let the market hijack your being.
Long-term, really hoping we can flip the #DeFi farming frenzy from requiring capital to earn, to requiring time & labor to earn.
Time is the most precious resource we all have equal access to; allowing people to mine with their time would be divine.
Something @BradUSV taught me from his experience over decades of working with online networks is that the greatest predictor of how an anonymous/pseudonymous entity will behave is *time spent on a network*
I think @BatmanDeFi's #PatienceFarming is a good meme to champion the #TimeMining cause, but I'm maybe too old-school to advise the memery of the new-school 🤷♂️
If you're upset about capital enriching itself (which *is* a problem), and also a builder, then put speed bumps in the form of time-locks on capital trying to earn assets.
Lots of examples of farmlands successfully doing this, @synthetix_io even did it through a bear.
Lots of examples of farmlands successfully doing this, @synthetix_io even did it through a bear.
Such speed bumps will slow down the fast-money, but not deter the slow-money.
If you want to build something over the long-term, you want the slow-money.
Slow-money will be a support when times get rough.
Fast-money will leave just as quickly as it comes.
If you want to build something over the long-term, you want the slow-money.
Slow-money will be a support when times get rough.
Fast-money will leave just as quickly as it comes.
I'll meme-fy it and reinforce it 🙂
If building for digital land, remember that roots grow deep with time and labor.
Quick growing crops have shallow roots that don't #hodl when winter rains fall.
If building for digital land, remember that roots grow deep with time and labor.
Quick growing crops have shallow roots that don't #hodl when winter rains fall.
There is SO much work to be done in crypto it's overwhelming. Sow your time, capital, and labor in the ways that best suit you.
And try not to get mercury poisoning.
And try not to get mercury poisoning.
