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Asfu Profile picture
@asfoooooom
Sep 11, 2020 • 8 tweets • 3 min read • Read on X
Applying Internet Engineering Task Force's (@ietf) idea to financing Internet infrastructure in rural areas - a thread.
There is no shortage of capital in the world, but there is a shortage of bankable contracts. Image
I spent the last 3 years designing a bankable contract that can make fiber deployments feasible in rural areas. This was achieved through an "old school" process of travel, meeting domain experts and documentation of feedback.

medium.com/netequity-netw…
Working Groups at the IETF use a concept of "rough consensus" to propose new ideas to be implemented. This process of creating standards has helped the Internet grow at an incredible speed. en.wikipedia.org/wiki/Rough_con….
While the Layers 2 and above (OSI Reference) seem to be working quite well, the physical layer (Layer 1) seems constrained by financing. Image
I believe there is an opportunity for Accounting, Finance and Law professionals to band together and establish "rough consensus" on what type of contract will be bankable in a given locality. Call it, locally relevant bankable contracts. blogs.worldbank.org/ppps/preparing…
I tried figuring out how to submit this idea to IETF, but their website was quite cumbersome so I'm using Twitter and for now have made a group in Linkedin. Please join if this is of interest to you. Thank you.

linkedin.com/groups/1390742…
To understand the relationship between people, services, infrastructure and capital. Please refer to this image I call the NetEquity Stack. Image

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More from @asfoooooom

Asfu Profile picture
Mar 15, 2022
What is @BeanstalkFarms creating and why does it matter?
- How to ape
- Protocol design
- Founder due diligence
1. Look I get it. You’re here to ape. But I want to be clear.

This. Is. A. Fucking. Experiment.

But there is an interesting deal in it offering a 70x return. It’s called buying “pods” when there is “soil”

Here’s what it means in plain English….
2. When soil is available (rarely these days) you can buy pods. Interest rate on those pods is called “weather”. Currently 7,000%.

That’s where the 70x comes from.

But here’s the thing: you only realize this 70x when supply grows to ~1.387 bn $BEAN (currently at 43 million)
Read 22 tweets
Asfu Profile picture
Mar 13, 2022
There’s a computer program that is trying to keep the value of a bean as close to $1 as possible.

These beans are not real beans but more like records in a database that everyone can see, all the time.

When the value of this bean is above $1, this program prints more beans and
Distributes these beans to people who give money to this computer program.

When people give money to the program they receive more bean, but this only happens when price of 1 bean is above $1.

When price of bean is less than $1, this program tries to attract buyers by…
Offering them a good deal. This good deal means new buyers can get many more beans over time than they purchased.

This program is an experiment and has been running for 7 months. It’s working well so far.

But big questions remain related to the deals offered to people…
Read 5 tweets
Asfu Profile picture
Feb 20, 2022
What is @OlympusDAO creating and why does it matter?
- Money vs Currency
- Reserve Currency Traits
- 11 month Performance
- Olympus bonds
- Staking and APY
- Bank-run scenario
- Bonds deep dive
- Non-bond revenue
- Community strength
- Why $OHM matters
1. OlympusDAO is creating a decentralized reserve currency that is backed by a community governed treasury.

Money and currency are used interchangeably but are different as illustrated in this graphic made by @MessariCrypto.

Gold, $ETH, $BTC are money, the USD is a currency.
2. Defi today relies on dollar pegged coins to settle transactions and provide liquidity.

Challenge with this dependence is shown in the Impossibility Trinity which says all 3 can't co-exist but 2 can:
1) Fixed Exchange Rate
2) Free Capital Flow
3) Sovereign Monetary Policy
Read 34 tweets
Asfu Profile picture
Jan 19, 2022
Some analysis about $OHM for you if you bought the top:

On November 23 2021:
Mcap: $4.3 bn
$OHM price: $906
Index: 37
Risk Free Value / $OHM: $37 + some $ETH, $CVX et al

> You spent $906 to get a minimum $37 claim on Olympus Treasury.

56 days later here’s where you are at.
January 18 2022:
Mcap: $946 mm
$OHM price: $110
Index: 67
Risk Free Value / $OHM: $25

> You now have 1.81 $OHM (Index today / Index on purchase date) and a $45 claim (1.81*$25) on Olympus treasury

Your claim grew by 22.3% during a migration and ugly market conditions.
You may say that this rising $ value claim on Olympus treasury is meaningless because there is no redemption option.

I find measuring progress through rising claim on treasury as a better KPI than market cap because mcap is always going to be volatile for such an asset.
Read 18 tweets
Asfu Profile picture
Dec 23, 2021
@KlimaDAO is primed for a mega bull run in 2022. In this thread I’m going to review $KLIMA fundamentals and speculate on what to expect next quarter.

🧵 🪡 it’s threadoooor time Klimates.
1. The undistributed claim on $KLIMA treasury stands at 82.23%.

Since Risk Free Value is 6.1 million BCT, this implies that minimum 5 million BCT worth of value remains undistributed.

What’s that worth? Depends on price of BCT.
2. At current prices that’s an undistributed risk free claim of about $30 million.

Taking the all time low of $2.5/BCT, we get a risk free undistributed claim $12.5 million.

This is the value a staker gets for just staying staked assuming zero revenues come in from today.
Read 12 tweets
Asfu Profile picture
Dec 22, 2021
Web3 can’t be explained, it has to be experienced.

People in developing countries like Pakistan couldn’t invest in Web2 companies even if they wanted to, but can do so in Web3 initiatives.

Why is this a big deal?
Web3 aligns incentives of a global talent pool that was previously not possible.

$OHM and $KLIMA holders in different countries are actively collaborating to make these protocols succeed. Investors and customers of Tesla and Twitter aren’t doing that.
Web3 gives people in developing countries access to a reliable legal system whereas Web2 powers were mainly accessible to folks living in the developed world.

With Ethereum, my niece and nephew in Pakistan can launch an NFT project and “know” their rights will be protected.
Read 5 tweets

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