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Ξ🦇🔊 DavidHoffman.eth 🏴 Profile picture
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27 Mar, 6 tweets, 4 min read
The @Uniswap V3 "x*y=k" animation from @pplpleasr1 was just purchased for 310 ETH ($525,000)

The buyer was 0x067b9Bbbbc42d2AB9b9Ab6bB62646dAF7F344A76, a DAO formed for the sole purpose of forming capital buying this NFT

an NFT SPAC, if you will 🤯🤑💸

foundation.app/pplpleasr/x-y-…
The crazy amount of #Ethereum symbolism behind this NFT is a crazy short-story to watch!

Even crazier @pplpleasr1 says she & Uniswap is donating all $0.5 to charities supporting AAPI and other minority representation!

.@VitalikButerin *just* wrote about this in his most recent blog post

"Some institution (or even DAO) could "bless" NFTs in exchange for ... some portion of the revenues goes toward a charitable cause"

vitalik.ca/general/2021/0…
The reason why this #NFT was sold for over $0.5M was because it is a synthesis of the best of what #Ethereum has to offer

- Capital formation (the DAO)
- A financial asset (the NFT)
- Cultural expression (the animation)
- Market value based on human values (the legitimacy)
This story is a perfect example of what makes me so optimistic about the future that #Ethereum can help enable:

A world of open financial tool that help facilitate humans alignment between our cultural values and the market valuation of our assets
Congrats to @pplpleasr1 for everything!

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More from @TrustlessState

Ξ🦇🔊 DavidHoffman.eth 🏴 Profile picture
25 Mar
The $ETH Ultra Sound Money Thesis 🔊🦇

This 3 word meme is the result of 12 years of applied crypto-economic research in both cryptography *and* economics

I wrote a 6,000 word thesis in @BanklessHQ:

newsletter.banklesshq.com/p/ultra-sound-…

But here's the Ultra Sound Money thesis, in a thread:
ECONOMIES

All economies exhibit the same fundamental structure.

- The Coordinating Body (the leadership, government, or ‘party in power’)

- The Economic Power (the productive output of the economy)

- The Protective Force (the army, militia, or defense force of a Nation)
Economies produce value, and are therefore desirable; Therefore, they must be guarded!

If economies are not sufficiently protected, then some other powerful entity will capture it!

Governments coordinate power of an economy, and directs some of this power into Defense Spending
Read 37 tweets
Ξ🦇🔊 DavidHoffman.eth 🏴 Profile picture
29 Oct 20
On @bankless: ULTIMATE Guide to Balancer Smart Pools

Typical @BalancerLabs Pools have FIXED parameters, but Smart Pools have their variables UNLOCKED, are much more flexible!

- Tokens
- Weights
- Swap Fees

...are now adjustable parameters!

bankless.substack.com/p/the-ultimate…

👇thread
PUBLIC Bal Pools have SIX key parameters:

- Tokens
- Change Weights
- Change Swap Fee
- Whitelist LPs
- Max Deposited Value
- Pause Trading (can u guys pls stop trading)

In order to be TRUSTLESS, all public Balancer Pools LOCK these parameters, as a rug-pull prevention tactic.
On the other side of things, PRIVATE Pools have all six parameters completely unlocked.

This gives the deployer maximum control to suit their needs!

BUT, @BalancerLabs restricts providing liquidity to these pools to ONLY the deployer, as they are the opposite of trustless!
Read 15 tweets
Ξ🦇🔊 DavidHoffman.eth 🏴 Profile picture
10 Jun 20
I just published "A Bankless Nation, Part 1" in @BanklessHQ

bankless.substack.com/p/a-bankless-n…

Bitcoin and Ethereum. What ARE these things?

They're blockchains... but not just that
They're currencies... but not just that

Bitcoin and Ethereum are Digital Nations.

Read👇
Nations are composed systems of many different independent parts.

Nations are tools or scaffolding for economies. They are the means for the people of a Nation to cooperate and communicate.

We have seen many different types of nations come and go through time!
Nations are organisms.

They are creates with internal organs. They are concerned with their own survival. They live in a place of scarcity, and must compete for survival.

Like all things, Nations emerge, mature, age, and then eventually die.
Read 7 tweets
Ξ🦇🔊 DavidHoffman.eth 🏴 Profile picture
4 Oct 19
0/
 My talk at @etherealsummit is now available on YouTube!

The article that this talk is based is now also on my Medium!

And all of this content is summarized in this thread

Ether: A New Model for Money

1/ Medium article:

medium.com/@TrustlessStat…
2/
 Ether, as an asset, is not well understood. The narrative around Ether, what it is and how it’s used, is constantly changing.

Ethereum is constantly changing as well, so this makes sense. This is an attempt to define Ether as an asset
Read 42 tweets
Ξ🦇🔊 DavidHoffman.eth 🏴 Profile picture
15 Sep 19
+ Q&A on Ethereum 2.0 with Vitalik Buterin

Happening at @EtherealSummit in 20 minutes!

I'm going to Live-Tweet here once it starts!!
Q: what have you been up to lately?
V: Lots of things.

Spec finalization. Japanese formal verification team on Casper FFG.

Implementation team got all 7 teams to sync, wish I was there, but im here instead
Q: how do the implementation teams coordinate? Is it a mess or organized?

V: there's much more coordination than what meets the eye. Thanks to @dannyryan
Read 19 tweets
Ξ🦇🔊 DavidHoffman.eth 🏴 Profile picture
25 Jul 19
I just published Ethereum: The Digital Finance Stack link.medium.com/T7XLmhb5BY

This has been my most ambitious article to-date! Dive into an illustration of Ethereum as a digital finance stack, with metrics and market behaviors found at each level.

I'll summarize below!
1/
 Ethereum is a platform, built to support a financial super-structure. User behavior in this super-structure creates market forces that push/pull on the assets that run inside it

Metrics found at each layer of the financial stack will illustrate the economic state of Ethereum
Layer 0 — Ethereum: The Global Bond Market
Metric: The ETH Stake Rate

The ETH Stake is the gravitational pull of value into ETH and into the bottom of the stack.
Read 8 tweets

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