we have a system that punishes discovered "bad behavior"
that does NOT mean that it discourages bad behavior
that just means it discourages the discovery of bad behavior
from my criminal kingpin sensei,
"if you want to do, don't get caught"
maybe im a cynic
but i dont believe that regulation or morals fixes any of this
but rather the knowledge and awareness that (bad) actors do exist that will maximize their utility (by utilizing questionable means), and you just need to factor that into your calculations
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my idea of good crypto regulation is govts issuing citizens waiver forms
that discharge the govt of their duty to protect citizens from any crypto related losses (not feasible to enforce) or to look after them if they go bust, become homeless and become a burden to the nation
ive a theory that random generative pfp NFT projects may get eventually get outdone by bespoke pfp NFT projects
imo the issue with random generative pfps is that you either have to
1 - be lucky and mint one you like
2 - find a suitable one selling for a good price on the secondary markets
3 - simply accept whatever pfp you get as your new identity
4 - or just not vibe with the project
until the social platforms we use have more "slots" for extending personal expressions of identity, imo pfps now probably constitutes ~80% of one's digital essence
few can get away with hot swapping pfps every other week, especially to non honorary ones
a while ago, i had an idea for stabilizing the $sUSD peg by incentivizing resting buy orders in tiers based on how close they were to the $1 peg
eg. LPs in tight ranges get more rewards for taking on more risk
this can now be done with uni V3, rewarding different pool ranges
this idea didnt work on uni v1 or v2 since you would be providing for the whole range
and it wouldnt work on CEXes cos you want things publicly verifiable
and DEX limit orders arent very popular
during the bear market i think teams will become a lot more mindful about their inflationary spending and "capital efficiency" would become less of a meme
now everyone just copies the same template models because no one is being forced to evolve better ones, yet