overengineered "defi" solution with potentially trusted assumptions across at times more than one third parties


CEX, probably regulated, works well most of the time
dont tell the decentralizooors that CEXes have very good chances of being the ideal hub

btw not saying that cross chain bridges are bad

but their scope may be too narrow to survive

CEXes could even be loss-leading on their "bridges" aka. withdrawals / deposits and still more than make up for it with exchange fees and other products by people caught in the funnel
btw i love funnels, especially inverted funnels, and when im at the top of it Image

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with 찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 )

찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 ) Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DegenSpartan

4 Oct
DeFi Bear Market progress

Month 14 / 36
▓▓▓▓▓▓░░░░░░░░░ 39%
u wldnt blv it Image
maybe i should call it "old eth defi"
Read 4 tweets
4 Oct
may explore this idea further one day

recently ive been intruigued about the possibility of re-tooling digital brains (eg. evernote et al) that are individual, to instead be communal / generational

generational makes more sense, 1 library, 1 maintainer

could also fork the DBs
sounds silly, but i think learning how to work a digital brain and to access old archives and make new notes might be the new and much more useful version of "learning grandma's secret recipe"

which funny enough, that recipe could also be in the archives, accessible forever
a bit of, give a man a fish vs teach a man how to fish vibes going on
Read 4 tweets
4 Oct
is this counter-psyops or are anti-NFT ppl just actually honestly and truly really stupid
imo theres no solution for mass re-education

the wealth inequality will just simply just keep increasing as the knowledge inequality increases

power law'd future, here we go
(i prefer not to say pareto because that usually implies 80/20, but i think itll be 95/5)

as a side note, i think this makes a very strong case for supplementary education on top of the basic curriculum taught at schools

if you want your children to have an edge over everyone else, you or someone else have to provide that edge
Read 4 tweets
2 Oct
we have so many bridges and routers, yet the "solution" of moving (asset A, chain X) to (asset B, chain Y) still does not have an intuitive formula to solve, with clear fees and bridging duration

not even talking normies here, this is still an issue for the crypto defi natives Image
possible routes (asset A, chain X) to (asset B, chain Y)

1. swap A to B on X, then move B from X to Y
2. move A from X to Y, then swap A to B on Y
3. swap A on X to B on Y

need info on
1) which route gives the largest final B on Y?
2) how long for each route?
3) bridge limits
even more advanced logic would search for unbalanced pairs on unbalanced chain bridges

and then tell you to detour from asset A to C to B
and/or from chain X to Z to Y

to maximize the final output amount
Read 6 tweets
27 Sep
my personal reason and explanation for this is because, other than lifestyle inflation, expenses are in absolutes, not a % of networth

once you reach a certain size, yielding on just a bit of your assets (be it gripto or stables) can be more than enough to live comfortably
examples of non scaling expenses is like... your internet bill or gym membership

you dont spend much more on those simply because you're worth more

examples of lifestyle inflation is of course your typical consumer materialism - lux goods, watches, cars, vacations etc
not all lifestyle inflation is bad

eg. healthier food, holistic hobbies, meaningful pursuits

but i think that most things cap out really fast, or hits diminishing returns very quickly

a $1000 an hour personal trainer wont make you 10x more ripped than one charging $100 an hour
Read 7 tweets
26 Sep
sexy narratives that will probably sell
- 3rd party bridges
- protocols that multi chain
- multi chain browser wallets
point to point would be the "official bridges" between networks

hub and spoke begins to make more sense when
- there are TOO many points
- no direct point to point bridges exist
- able to bypass expensive points
- long bridging duration
- deep hub liquidity
but mind you, spokes that become significant enough will inevitably warrant having direct point to point bridges between each other, bypassing the hub

something to think about, in this power law'd world
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!