This system's increasing obsession with, and glorification of, money (or "value" as y'all call it) is probably the largest threat to a system that can create money-value out of code and tweets.
Having money doesn't necessarily improve you condition.

Creating new money doesn't necessarily improve society and the human condition.
Having money *can* give you some power. It can give you some control. It can give you some choices otherwise unavailable. The more you have, the more it *can* give you, to a point.

But creating new money doesn't give you any power outside that circle of money.
Real power comes not from the money itself but from controlling the circle.

Partially by controlling what's inside the circle.

But mostly by creating the circle, controlling who gets in the circle, who can leave the circle, and the relationship w other circles.
There cannot be a person that draws the circle to include or exclude another.

Or breaks down the bridge.

Or shoots from the top of the infinitely tall wall.

That creates an imbalance of power.

That removes autonomy and sovereignty from the system.

That does not improve shit.
But more importantly:

THERE CAN BE NO CIRCLE.
This is not about creating new money.

That will lead you to excitedly drawing your new fancy circle and racing to happily put it on their game board like "hai 👋👋 so happy to meet yall. bridge? xoxo"
This cannot be about the money ("value") you mint and destroy like the master of the world you subconsciously want to be because that's the only world you know and the world kinda sucks sweaty stinky balls but now it's better bc now you can mint and destroy new money.
And the more you glorify the money making and money trading and money hoarding and money money money money money the only valuable thing is money so hungry for more money...

The faster you will (happily, excitedly, proudly) rebuild the existing system but almost certainly worse.
IF Person 1 > Person 2 => old system

ELSE IF Person 1 < Person 2 => new system

ELSE => actual fucking value
We need to aim for the `else` state.

It's the actual fucking value state.

Not the money state. Not the power and control state. Not the US govt state, China state, or Zuck state.

"yeah but you need something to make value efficient that's what [Bitcoin/Ether] is. Not new better."

Yes.

"Bitcoin [is/is not] money. Ether [is/is not] money."

No.
People come here for what they think money is, as defined by the world we all live in.

Money is power and control and we want to be the people who control us more than we want to be not-controlled.
And we capitalize on that in the narrative.

We cheer that we've added value bc we've attracted new people.

And then the price goes up and we cheer more.
And then the price goes down and we tweak narratives to stop the flow of blood in the streets.

The blood is comes from the shit you shout that attracted them in the first place.
You shouted money. Free money. Better money. Sound money. Dog money. Ass money. Clone money. Bat money. Ultra money.

You promise control and power and sexy fucking tokens that you fap to in the night bc they might be $1M tmr.
Don't capitalize on the lust for power over others and expect them to stick around when the money dries up.

Attract those that lust freedom and sovereignty and fap for a world where people dont gain power over one another for giggles.
Figure out how to convince people that the world will be better when power and control is reduced from the system.

Not when they personally gain more power and control.
If you can do that while calling Bitcoin money or Ether money, I'll shut the fuck up.

I don't think it's possible.

The right words are not right bc your definition is right.

They are right when both parties agree on the definition and therefore share understanding.
What worries me most is when people in this space use the word money.

They do mean power and control. Moving power from them...to us...join us.
Not creating a world where the most powerful entity is

every

single

individual

human

simultaneously and equally.

💖
tl;dr

[BTC|ETH] is not not not money.

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More from @tayvano_

7 Jul
Its the middle of August. EIP-1559 is here. The current Base Fee is `40.` For simplicity, and 0% of confidence in the future state of the network, let's say there's an equal probability that the base fee is any number between `30` and `50` if your TX is included in block....
What TX fee do you use?

Oh what's that? You don't have enough information? Okay fine.
Background:

Base Fee = Set by network, is burned, changes each block by <12.5%. You know the Current Base Fee (40).

Tip = Set by user/wallet. Paid to miner.

Max Fee = Set by user/wallet. Amt you send your TX with. Max you could pay.
Read 38 tweets
2 Jun
Sat 5/29: Belt, BSC, Flash Loan
Thu 5/27: BurgerSwap, BSC, F/L
Thu 5/27: Wild Credit, BSC, Open Init
Thu 5/27: JulSwap, BSC, F/L
Wed 5/26: MerlinLabs 2, BSC, F/L
Wed 5/26: MerlinLabs 1, BSC, F/L
Mon 5/24: AutoShark, BSC, F/L
Sat 5/22: Bogged, BSC, F/L
Wed 5/19: Bunny, BSC, F/L
Read 6 tweets
27 May
I know a lot of research and technical brilliance went into EIP-1559. And I know I've stayed relatively quiet on the subject for a variety of reasons but...ugh. fml.

EIP-1559 does NOT deliver.

(ps: read before you speak. this isn't personal so don't @ me like it is. 😒)
EIP-1559, along with other EIPs, were initially conceived and proposed because the gas limit/gas price mechanism could be better. It's could be more efficient. It could be better for users. It could introduce more certainty. Improving things is GOOD.

timroughgarden.org/papers/eip1559…
EIP-1559 was one of few EIP's that gained social attention and traction. I was EXCITED to see a wider range of people involved in the process.

I would even sacrifice a perfectly perfect solution if it meant more people were more empowered to better the system.
Read 19 tweets
24 May
Image
Image
lol words 😅 🍂
Read 4 tweets
6 May
If you were deep into cryptopunks in june 2017 and can spare a moment, plz read on.

Doesn't matter if you were part of team or part of community, just that you are intimately familiar with how one would have most likely created a new wallet + bought punks back then
1. If someone only had crypto in their Coinbase account and wanted to buy a punk, what would they have most likely used (what was recommended? Tutorials?) to create a new wallet?

2. Then what?
3. If they had a ledger or trezor, would they have been able to buy a punk directly with their hardware wallet? Was it common?
Read 7 tweets
6 May
Wow did not resonate with me at all. The problem here is not crypto.

This is what happens when no one sets the stage, no one creates a shared experience token holders ("community" lol), no one has conviction in shared set of values bc values didn't come first, the $ came first.
I don't know much about Jon or whatever part he played in whatever he was part of that triggered his truth-rage.

But this isn't about Jon. This is about the 99% of shitcoins and shitheads in crypto and, if you follow me, it's the shit you see, the shit you hate, and the why.
If you arbitrarily create a group of people by selling them all a token, they will do as you do.

Well, first, theyll share some traits bc they all bought your sales pitch. How you sell matters far more than if you were selling toilet paper to shitheads. Bc you need them later.
Read 24 tweets

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