1/5 For shared awareness - Over the last 24 hours I’ve been on the Stability Pool tool within the #FlareLoans product. I staked $CAND in the pool to earn $SFIN rewards and $SGB liquidation rewards. The $SFIN rewards are quite good but you have to claim them quickly, as over
2/5 the 24 hours my pool completely dumped its $CAND six times. During that dump the $CAND is replaced with $SGB for withdrawal. But each time my pool positioned dumped its $CAND the offset liquidation reward in $SGB was always worth just a little less. If $SFIN wasn’t withdrawn
3/5 before the pool dumped they would just vanish. Not sure if this is how the platform is meant to work or if it’s something that is still being tweaked. So I would withdraw the $SGB and exchange it back into $CAND and deposit it again back into the stability pool. At times my
4/5 share of the pool rewards would swing from 4% all the way up to 36%. Once the share reached that high the pool would dump the $CAND and leave me with $SGB worth less. Most times I managed to withdraw the $SFIN before the pool dumped. All in all, I gained a lot of $SFIN but
5/5 was left a few thousand short in total USD value. I’m okay with this as I wanted to learn about the Stability Pool & push the platform for cracks. Once the $SFIN value moves upward the gains will far outweigh the few thousand loss on the front end. @FlareFinance built a beast

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More from @HigherManas

3 Dec 21
There's always a lot of talk about an economic and financial crash. While there are a few who think everything will keep going up, I think we are going to see a mix of both. Allow me to explain. It appears #Crypto is heading towards a market cycle top with a full fib extension.
This is likely to happen sometime between now & spring. There is also a lot of analysis that supports full fib extensions and market cycle tops for the #NASDAQ and the #DowJones at the same time. This is based on a fib cycle start for the NASDAQ in March of 2000 with the #Dotcom
bubble burst and for the #DowJones in Oct of 2007 with the financial crisis. I agree with the cycle start for the #NASDAQ but see the fib cycle start for the DowJones beginning a month before the #Dotcom bubble burst in Feb of 2000 and extending to the #COVID19 crash in March of
Read 18 tweets
21 Nov 21
We do not live in a world of facts. We live in a world of narratives. Narratives are designed to engage us on an emotional level. These narratives are also almost always built around two opposing dialectics. The world is both directly & indirectly/intentionally & unintentionally
managed through opposing narratives of varying contexts, be they political, religious, cultural, socioeconomic, anthropological, scientific, etc. The human mind opposes itself & as such externalizes endless emotional narrative dialectics. It's woven into our very existence. So
the next time you find yourself emotionally engaged against an opposing concept or idea, ultimately being a narrative, calm your mind, step back, and see through the illusion of the mind. Breath and see that you can simply observe without being emotionally engaged. Truth is not a
Read 5 tweets
18 Nov 21
There's a lot of speculation around me stepping back from supporting @CasinoCoin. Everyone needs to keep in mind that I did not work for CasinoCoin and there could be a lot of different reasons for stepping back. Whether there was something bad or not, I would not say so because
it's not my place to communicate such things and I'm not interested in crypto drama. The truth is I'm extremely busy with my regular career and if my own priorities and timelines don't align with a project's priorities and timelines, then I will step back. @QuadJacksCSC was kind
enough to ask me to write blogs for the project. Jack and I shared a marketing vision so it made sense. @daniel_wwf supported this and I declined to be paid for any of it. With Jack moving on it was best for me to take the opportunity to step back. For me, crypto is first and
Read 6 tweets
23 Apr 21
1/8 Someone needs to hear this right now. Especially if you’re new to crypto. No one knows what this market will do. Least of all anonymous online personalities. Crypto is a new asset class and is going through dramatic birth pains. There will be more. But understand that there
2/8 are varying levels of crypto. Some are designed for institutional use, while others are for pure speculation and fun. All want to be taken serious. Not all will be. And there is everything in between. We are moving through the total speculation phase of the market and into a
3/8 utility based consumer and institutional based market. This will change the market. Dramatically. The Wild West days of crypto will come to an end. So position yourself wisely for the future. But have some fun along the way. After all, it is crypto. But temper the get rich
Read 8 tweets
19 Apr 21
1/9 Why did the German mark in the Weimar Republic hyper-inflate? Why hasn’t the USD hyper-inflated? The obvious reason is the USD is used globally. The mark wasn’t. But it’s not that simple and those seemingly opposing facts tell us something very important about the developing
2/9 relationship between fiat currency and cryptocurrency. A money supply can grow and it will have an organic supply and demand influence on the value of that currency. But value compared to what? Herein lays the answer. The German mark didn’t hyper-inflate because so much was
3/9 printed. Though that seems like the logical outcome. It hyper-inflated because the exchange peg arrangements with foreign currency were adjusted to accommodate that printing. This change meant it costed more for Germany to import goods and their exports collected less.
Read 9 tweets
18 Mar 21
1/10 John Searle in his seminal work The Construction of Social Reality posited the idea that there was no objectionable reality within human social constructs but only institutional reality, such as money as a human institution. Money has value, or is an institutional construct,
2/10 because we all collectively agree that it does, and is. The institutional construct of money has always changed. Narratives that move mass institutional awareness are often weaved years and decades in advance of institutional acceptance. This is an organic process which
3/10 seldom requires direct human orchestration, though such orchestration can exist. Under the umbrella of money, there are competing value propositions that feed the higher construct. But there is always a dominant value proposition that serves the overarching institutional
Read 10 tweets

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