ELI5 Perpetual Tranche $SPOT
Highlights, Preamble, and ๐งต:
7: Systems
15: Rotate
30: Yield & Incentives
40: Our Yield in web2
47: Bicycle for the Brain
52: k% Ego Inflation & a dog named SPOT
68: k% Game
80: k% Bridge
When I began writing some days ago, I had no idea this
Highlights, Preamble, and ๐งต:
7: Systems
15: Rotate
30: Yield & Incentives
40: Our Yield in web2
47: Bicycle for the Brain
52: k% Ego Inflation & a dog named SPOT
68: k% Game
80: k% Bridge
When I began writing some days ago, I had no idea this
would turn out like this. Nor do I intend to write a thread this long again
But after several ELI5 requests, justice had to be done
The work took me on a journey to a future in which I could finally have a dog of my own...
and then it all clicked
Dogs r our best friends
But after several ELI5 requests, justice had to be done
The work took me on a journey to a future in which I could finally have a dog of my own...
and then it all clicked
Dogs r our best friends
This thread weaves together my research over the past decade
So I hope you will read it
But if you are unable to, or donโt want to - yet you value this and would like to support it - plz scroll towards the end of the thread ๐
Bandwidth is v precious, as you might come to see
So I hope you will read it
But if you are unable to, or donโt want to - yet you value this and would like to support it - plz scroll towards the end of the thread ๐
Bandwidth is v precious, as you might come to see
The ELI5 has also made this clear: there is no free lunch. In order to understand something, we have to invest Time or Attention,
AND,
Time and Attention -
Attention is Yield on Time
Today's systems tax not only our Money, which is on the path to destruction, but also our
AND,
Time and Attention -
Attention is Yield on Time
Today's systems tax not only our Money, which is on the path to destruction, but also our
scarcest assets:
Individual + Collective Time & Attention. Systems r configured to harvest our Collective Yield. We are paying
'22 was quite a year
If you're still here building, lets keep it going
When we burn we r forced to learn
We learned how things ๐ฑ๐ผ๐ป'๐ work
Individual + Collective Time & Attention. Systems r configured to harvest our Collective Yield. We are paying
'22 was quite a year
If you're still here building, lets keep it going
When we burn we r forced to learn
We learned how things ๐ฑ๐ผ๐ป'๐ work
SPOT shows us how to not let our world fall apart
Less Ego, more Love
Amazing convos have led to this @AmpleforthOrg @ButtonDeFi @NimbleNavis @MedDAO_xyz @banklessDAO @gitcoin @amplcast @DoinGudHQ & others (u know who u are)
Looking forward to an exciting '23 with you all โค๏ธ
Less Ego, more Love
Amazing convos have led to this @AmpleforthOrg @ButtonDeFi @NimbleNavis @MedDAO_xyz @banklessDAO @gitcoin @amplcast @DoinGudHQ & others (u know who u are)
Looking forward to an exciting '23 with you all โค๏ธ
7
ELI5 -
$SPOT Perpetual Tranche & $AMPL-SPOT System
Letโs break it down
Approach everything as a system that has inputs & outputs,
And
Some ๐ฉ๐๐๐ฃ๐ that itโs doing internally - a "Computation" - with the inputs, that lead the system to generate the output
ELI5 -
$SPOT Perpetual Tranche & $AMPL-SPOT System
Letโs break it down
Approach everything as a system that has inputs & outputs,
And
Some ๐ฉ๐๐๐ฃ๐ that itโs doing internally - a "Computation" - with the inputs, that lead the system to generate the output
For example - a Diamond
System is constantly processing inputs, and computing them into outputs
Inputs = disorganizing forces of Entropy in the universe
Outputs = Diamond
โComputationโ = Internal fixation of a robustly configured Carbon atom lattice structure
System is constantly processing inputs, and computing them into outputs
Inputs = disorganizing forces of Entropy in the universe
Outputs = Diamond
โComputationโ = Internal fixation of a robustly configured Carbon atom lattice structure
Likewise, the Benzene ring is stabilizing itself by delocalizing the Pi electrons. Naturally, this results in different properties
Every system is inputting Entropy,
and stabilizing itself ("Computation"),
to output some phenomenon which is observable by us
Every system is inputting Entropy,
and stabilizing itself ("Computation"),
to output some phenomenon which is observable by us
From here, we can map this framework onto more complex systems, which also have their own Agency ~ capacity to ACT in a self-directed way
The Cybernetic System can Act internally with other sub-systems, and externally with the world
Sensory feedback directs Agency
The Cybernetic System can Act internally with other sub-systems, and externally with the world
Sensory feedback directs Agency
When Input = Entropy;
Computation = Stabilization; and
Output = Observable Phenomenon,
then the framework can be further mapped on to Systems & their Processes
But in terms of
Time โ๏ธ๐ฐ๏ธ โ๏ธ
B/c Entropy is the "Arrow of Time." It moves in only one direction: Forward
Computation = Stabilization; and
Output = Observable Phenomenon,
then the framework can be further mapped on to Systems & their Processes
But in terms of
Time โ๏ธ๐ฐ๏ธ โ๏ธ
B/c Entropy is the "Arrow of Time." It moves in only one direction: Forward
In my medical profession of Psychiatry, the Bio-Psycho-Social formulation of a disordered state is modeled in terms of its disease process
There are Precipitating, Perpetuating, and Protective factors
Start, continue, slow down
#majordepression is such a disease process
There are Precipitating, Perpetuating, and Protective factors
Start, continue, slow down
#majordepression is such a disease process
A person may have unfortunately fallen into depression due to certain precipitating factors, such as an accident, a job loss, or some other unfavorable outcome
Hopefully, there r Protective factors in place...like economic security, health insurance, community, friends, family
Hopefully, there r Protective factors in place...like economic security, health insurance, community, friends, family
Thru Action or Inaction, consciously or sub-consciously, deliberately or inadvertently, conscientiously or unwittingly,
willingly or unwillingly
a person is taking part in - exercising Agency ~ Acting - to perpetuate their own process
The ๐๐๐๐ฉ๐ค๐ง๐จ are perpetuating, but
willingly or unwillingly
a person is taking part in - exercising Agency ~ Acting - to perpetuate their own process
The ๐๐๐๐ฉ๐ค๐ง๐จ are perpetuating, but
the Game of Life does not allow Spectatorship
15
We are ๐ฅ๐ก๐๐ฎ๐๐ฃ๐ whether we want to or not, and thereby we are taking part in inviting all of our outcomes into our lives
Let's rotate 90 degrees counter-clockwise and make a few tweaks to appreciate this better
15
We are ๐ฅ๐ก๐๐ฎ๐๐ฃ๐ whether we want to or not, and thereby we are taking part in inviting all of our outcomes into our lives
Let's rotate 90 degrees counter-clockwise and make a few tweaks to appreciate this better
Psyche is governed by the Id, Ego, and Super-Ego - according to the founders of Psychiatry
These are ๐ฃ๐๐๐ฐ๐ต๐ผ๐น๐ผ๐ด๐ถ๐ฐ๐ฎ๐น factors - they can be Precipitating, Perpetuating, & Protective; respectively
By orienting us to our Desires, the Ego perpetuates our processes
These are ๐ฃ๐๐๐ฐ๐ต๐ผ๐น๐ผ๐ด๐ถ๐ฐ๐ฎ๐น factors - they can be Precipitating, Perpetuating, & Protective; respectively
By orienting us to our Desires, the Ego perpetuates our processes
Ego literally ๐๐ง๐๐ซ๐๐จ us to Action by integrating Impulses & Instincts (Id) with Judgment & Wisdom (Super-Ego); ideally the integration would be balanced
Above all, the Ego must maintain Integrity
It leads us to justify our Actions & our existence - Stability
Above all, the Ego must maintain Integrity
It leads us to justify our Actions & our existence - Stability
Now the overlap with AMPL-SPOT system begins to present itself
But we're not there yet
Let's bookmark the concept of a "Trinity" for systems & processes
Creation = Initiation; Preservation = Perpetuation; Destruction = Inhibition
We'll revisit this later
But we're not there yet
Let's bookmark the concept of a "Trinity" for systems & processes
Creation = Initiation; Preservation = Perpetuation; Destruction = Inhibition
We'll revisit this later
Under the not-so-ideal spell of Depression then, the Ego can trap itself in an Action-Perception Loop of Learned Helplessness
The insight here is:
Though a person might believe they're doing their best, the outcome may be an inadvertent perpetuation of their predicament
Why?
The insight here is:
Though a person might believe they're doing their best, the outcome may be an inadvertent perpetuation of their predicament
Why?
20
What might be the Incentives?
Wat is the "yield" from directing & driving our processes?
The Ego must finance its operations. There's no free lunch. Nothing is Risk-free
Policies of Action r paired with Consequences of Outcomes, & accounted for with - settled in - Dopamine
What might be the Incentives?
Wat is the "yield" from directing & driving our processes?
The Ego must finance its operations. There's no free lunch. Nothing is Risk-free
Policies of Action r paired with Consequences of Outcomes, & accounted for with - settled in - Dopamine
You've likely seen me mention Active Inference and Free Energy Principle ad nauseam by now, so here it is again
Minimization of Expected Free Energy - Uncertainty about expected values from expected outcomes - can be approximated with a "yield" of Dopamine for the Nervous System
Minimization of Expected Free Energy - Uncertainty about expected values from expected outcomes - can be approximated with a "yield" of Dopamine for the Nervous System
We can observe this unfold in our Neuro-circuitry
Arrows do not represent theoretical processes, but rather the flow of Information = Neurotransmitters
Drive Vector โ Meso-Limbic (VTA --> NAcc) & Meso-Cortical (VTA --> PFC) pathways in brain
Dopamine deposit in NAcc = Reward
Arrows do not represent theoretical processes, but rather the flow of Information = Neurotransmitters
Drive Vector โ Meso-Limbic (VTA --> NAcc) & Meso-Cortical (VTA --> PFC) pathways in brain
Dopamine deposit in NAcc = Reward
Specifically,
"Pay" Attention = Dopamine Depletion
Reward = Dopamine Repletion
The difference = "Yield"
Usually, there is a healthy balance which perpetuates the system forward in intended directions
But depression is a bit like Traumatic Brain Injury (TBI). Evolutionarily,
"Pay" Attention = Dopamine Depletion
Reward = Dopamine Repletion
The difference = "Yield"
Usually, there is a healthy balance which perpetuates the system forward in intended directions
But depression is a bit like Traumatic Brain Injury (TBI). Evolutionarily,
the pro-survival strategy after neurological or psychological injury is to minimize Risk & Uncertainty by minimizing engagement with the environment
No Risk ~ "wager" of Dopamine depletion --> No Reward
No Yield; No Harm; Learned Helplessness
The opposite is also unhealthy
No Risk ~ "wager" of Dopamine depletion --> No Reward
No Yield; No Harm; Learned Helplessness
The opposite is also unhealthy
Risk taking behavior driven by pursuits of Dopamine are seen in Mania
Nowadays, artificial introductions of Dopamine (e.g., Adderall) can fuel Delusions and Addictions. We've witnessed an indelibly clear example of this in crypto
But you see - nobody is spared
Disorder or not
Nowadays, artificial introductions of Dopamine (e.g., Adderall) can fuel Delusions and Addictions. We've witnessed an indelibly clear example of this in crypto
But you see - nobody is spared
Disorder or not
26
web2 apps hijack our neuro-circuitry
After we've been rewarded with Dopamine deposits in our NAcc, what does the system do next?
Rewards were scarce for our ancestors, so Prefrontal Cortex directs our Attention back to the "rewarding" stimulus
Doom Scrolling perpetuates
web2 apps hijack our neuro-circuitry
After we've been rewarded with Dopamine deposits in our NAcc, what does the system do next?
Rewards were scarce for our ancestors, so Prefrontal Cortex directs our Attention back to the "rewarding" stimulus
Doom Scrolling perpetuates
And its a slippery slope snowballing from here, b/c internally this information is routed also through what r known as:
Cortical-Striatal-Thalamic Loops
Striatum is where motor programs, habits, & behaviors are integrated
Thalamus is "Gateway to the Cortex" for information
Cortical-Striatal-Thalamic Loops
Striatum is where motor programs, habits, & behaviors are integrated
Thalamus is "Gateway to the Cortex" for information
In the Age of Information, it is very easy to validate and select for self-serving biases
Echo chambers are everywhere, b/c info is so abundant that it can be solicited to justify any proposed narrative
So loops within & without mirror each other, as Dopamine "yield" is chased
Echo chambers are everywhere, b/c info is so abundant that it can be solicited to justify any proposed narrative
So loops within & without mirror each other, as Dopamine "yield" is chased
The inevitable question arises: Who is in charge?
Who is driving the bicycle? Who is shifting gears and moving pedals?
And this is how so many people have lost themselves
Unbeknownst to majority of people, Psychic - relating to the Psyche - "center of gravity" is displaced
Who is driving the bicycle? Who is shifting gears and moving pedals?
And this is how so many people have lost themselves
Unbeknownst to majority of people, Psychic - relating to the Psyche - "center of gravity" is displaced
Agency is lost. People meander aimlessly through Life
"Getting what you want out of Life is a sign of Intelligence, but so is knowing what to want" - Naval
I might be paraphrasing
But it can also be said that people are set up to suffer this fate
The balance is delicate
"Getting what you want out of Life is a sign of Intelligence, but so is knowing what to want" - Naval
I might be paraphrasing
But it can also be said that people are set up to suffer this fate
The balance is delicate
"The gigantic catastrophes that threaten us today are not elemental happenings of a physical or biological order, but psychic events." - warned Carl Jung
Looks like he was on to something
The West exhibits excessive Ego-consciousness, as evidenced by extreme individualism
Looks like he was on to something
The West exhibits excessive Ego-consciousness, as evidenced by extreme individualism
and an unrelenting drive to impose one's version of the Truth as some kind of righteous victory over the narratives of others
"Woke"
70% of the US Economy is consumption!
Not every Illusion of reality needs to be shattered all at once, but this one does - lest this Illusion
"Woke"
70% of the US Economy is consumption!
Not every Illusion of reality needs to be shattered all at once, but this one does - lest this Illusion
go on to become a Delusion
How do we think we all got here following COVID-19?
MSM has hijacked our Action-Perception Loops. What has proven to be more dangerous - the idea of COVID, or the biological virus?
Persistent reminders about the Uncertainties around COVID have
How do we think we all got here following COVID-19?
MSM has hijacked our Action-Perception Loops. What has proven to be more dangerous - the idea of COVID, or the biological virus?
Persistent reminders about the Uncertainties around COVID have
served only to activate our Sympathetic Nervous System:
fight/flight state - hostility, irritability
Up-regulated HPA axis & Inflammation
obsessive & compulsive "safety" - self-fulfilling prophecies "this booster will help me"
Anxiety cascades into drug use
Seems v grim
fight/flight state - hostility, irritability
Up-regulated HPA axis & Inflammation
obsessive & compulsive "safety" - self-fulfilling prophecies "this booster will help me"
Anxiety cascades into drug use
Seems v grim
35
Don't worry
The solution is simple
Restore Agency --> Re-orient Bicycle --> Feed forward in prosperous new direction
How?
Transcranial Magnetic Stimulation
TMS is the bicycle for the brain - it helps people get back on the bike, & can redirect it towards health & wealth
Don't worry
The solution is simple
Restore Agency --> Re-orient Bicycle --> Feed forward in prosperous new direction
How?
Transcranial Magnetic Stimulation
TMS is the bicycle for the brain - it helps people get back on the bike, & can redirect it towards health & wealth
Our Prefrontal Cortex can be roughly approximated with the Super-Ego or the "Controller" in the Cybernetic System
When left dorso-lateral prefrontal cortex (dlPFC) is stimulated with high frequency (hf) TMS, neurons r "energized" with electricity
TMS helps the brain shift gears
When left dorso-lateral prefrontal cortex (dlPFC) is stimulated with high frequency (hf) TMS, neurons r "energized" with electricity
TMS helps the brain shift gears
Metaphorically, and Objectively
When dlPFC is activated, another region called the Anterior Cingulate Cortex (ACC) is suppressed
ACC and its connections - the Salience Network - is down-regulated, while dlPFC and its connections - the Central Executive Network - is up-regulated
When dlPFC is activated, another region called the Anterior Cingulate Cortex (ACC) is suppressed
ACC and its connections - the Salience Network - is down-regulated, while dlPFC and its connections - the Central Executive Network - is up-regulated
Salience Network orients the system towards what it is configured to designate as relevant or salient stimuli, and away from others
So when Central Executive Network is activated with hf TMS, Attention is redirected towards appropriate stimuli to reconfigure reward circuitry
So when Central Executive Network is activated with hf TMS, Attention is redirected towards appropriate stimuli to reconfigure reward circuitry
such that the pursuit of NAcc Dopamine "yield" stops governing the system - like an addiction,
and
the Biker gains Agency over Action-Perception Loops, Super-Ego functions improve, while TMS promotes PFC control over behavioral neuro-circuitry
TMS is the Bicycle for the Brain
and
the Biker gains Agency over Action-Perception Loops, Super-Ego functions improve, while TMS promotes PFC control over behavioral neuro-circuitry
TMS is the Bicycle for the Brain
In #majordepression, the Nervous System is in a Recession
Dopamine Yield is down
Much like how the k% Inflation target of centrally planned economies requires QE - liquidity injection - to prevent downward spirals & Recessions,
Dopamine Yield is down
Much like how the k% Inflation target of centrally planned economies requires QE - liquidity injection - to prevent downward spirals & Recessions,
the k% policy of Ego Inflation falls short in Depression
It requires a stimulus
TMS is the liquidity
dlPFC electricity is integrated to promote dopamine release along the meso-limbic & meso-cortical pathways, fortifying the Ego to break out of Learned Helplessness patterns
It requires a stimulus
TMS is the liquidity
dlPFC electricity is integrated to promote dopamine release along the meso-limbic & meso-cortical pathways, fortifying the Ego to break out of Learned Helplessness patterns
Pills are not the solution
By now we should become acquainted with this idea of Neurotransmitters as Money, b/c then the following becomes clear:
SSRIs r Serotonin Quantitative Easing (printing) for the Nervous System
Short term Gains; Long term Pains
bhau.substack.com/p/moneyness-ofโฆ
By now we should become acquainted with this idea of Neurotransmitters as Money, b/c then the following becomes clear:
SSRIs r Serotonin Quantitative Easing (printing) for the Nervous System
Short term Gains; Long term Pains
bhau.substack.com/p/moneyness-ofโฆ
Why is this all so important?
B/c Health Insurance & Pharma r to Medicine, what Banks r to Finance
The systems exist primarily to take - to extract value - for self oriented enrichment, at the expense of all other participants
Middlemen perpetuate our collective problems
B/c Health Insurance & Pharma r to Medicine, what Banks r to Finance
The systems exist primarily to take - to extract value - for self oriented enrichment, at the expense of all other participants
Middlemen perpetuate our collective problems
Thankfully, TMS mechanism of Action can be applied to all conditions by pairing with appropriate Cognitive Interventions to ensure correct mechanisms are engaged
In web3, we can democratize TMS for everyone
Thru innovations in Money, we become the perpetuators - not 3rd parties
In web3, we can democratize TMS for everyone
Thru innovations in Money, we become the perpetuators - not 3rd parties
At last, we can shift our Attention back to SPOT
SPOT is a dog, and dogs like to run & play
Compared to us, SPOT doesn't chase Dopamine yield for himself. He plays fetch & likes to go on car rides where he can cruise & chill
He delegates control to us; it's a diff steady state
SPOT is a dog, and dogs like to run & play
Compared to us, SPOT doesn't chase Dopamine yield for himself. He plays fetch & likes to go on car rides where he can cruise & chill
He delegates control to us; it's a diff steady state
46
As a result, SPOT is Trust-worthy
Dogs are hooman's best friend. They will put us 1st before themselves
no Ego, all Love
And he sure loves his treats
Right now, he's picky. He only wants these bones to chew on, which - I've noticed a pattern - he'll stop after 28 days
As a result, SPOT is Trust-worthy
Dogs are hooman's best friend. They will put us 1st before themselves
no Ego, all Love
And he sure loves his treats
Right now, he's picky. He only wants these bones to chew on, which - I've noticed a pattern - he'll stop after 28 days
They're high quality bones too
SPOT is pickier than you'd think. He finds a way to sort out the best 20% of these treats thru the bag - and then he'll chew only on those! ๐ฆด
I thought it was bizarre as well, but others agree - in awe
He's a pup, so we'll spoil him for now
SPOT is pickier than you'd think. He finds a way to sort out the best 20% of these treats thru the bag - and then he'll chew only on those! ๐ฆด
I thought it was bizarre as well, but others agree - in awe
He's a pup, so we'll spoil him for now
Also...there's a trick
He forgets about the remaining 80% of these bones after 28 days. So when he's fed a "new" bag of bones, he'll jovially sort thru the 20% again and hand me the remaining 80%
and I'll happily oblige ๐๐ ๐ถ
For now, SPOT has a weekly cadence of new bones
He forgets about the remaining 80% of these bones after 28 days. So when he's fed a "new" bag of bones, he'll jovially sort thru the 20% again and hand me the remaining 80%
and I'll happily oblige ๐๐ ๐ถ
For now, SPOT has a weekly cadence of new bones
There's another trick
Others have reported that SPOT can begin to ROLLOVER after 28 days
They've also told me that the 20% bone treats he discards after 28 days, can be fed right back to him - but only if they are rotated out for fresh 20% fav bones he loves
Turns out, it
Others have reported that SPOT can begin to ROLLOVER after 28 days
They've also told me that the 20% bone treats he discards after 28 days, can be fed right back to him - but only if they are rotated out for fresh 20% fav bones he loves
Turns out, it
is a matter of perspective
When SPOT rolls over, he sees the world upside down. So what seemed old before, now appears new
Really, it's true - but, he'll only take the best 20% of that batch too
Again, we happily ROTATE ๐
But why do we really do this? There r Incentives ๐ถ
When SPOT rolls over, he sees the world upside down. So what seemed old before, now appears new
Really, it's true - but, he'll only take the best 20% of that batch too
Again, we happily ROTATE ๐
But why do we really do this? There r Incentives ๐ถ
b/c ROLLOVER is a signal of Trust
When dogs are on their back, they signal vulnerability & Limbic Resonance
And what else do dogs love? Belly rubs!
Dogs don't have an Ego to self-inflate the way we do, so belly rubs r the closest thing to SPOT's k% Dopamine Issuance
When dogs are on their back, they signal vulnerability & Limbic Resonance
And what else do dogs love? Belly rubs!
Dogs don't have an Ego to self-inflate the way we do, so belly rubs r the closest thing to SPOT's k% Dopamine Issuance
Belly Rubs are a Positive-Sum Outcome
They promote the emergence of positive mood states by triggering release of Neurotransmitters like Dopamine & Serotonin in the mechanistically corresponding neuro-circuitry
Rarely does anyone ever walk away thinking "my day is ruined now"
They promote the emergence of positive mood states by triggering release of Neurotransmitters like Dopamine & Serotonin in the mechanistically corresponding neuro-circuitry
Rarely does anyone ever walk away thinking "my day is ruined now"
So that's the SPOT owners' incentive for doing ROLLOVER
We get some k% too, but we have to be careful not to indirectly begin gratifying ourselves with this - I've been fore-warned by the community
Do we want others to miss out on all the fun with SPOT?
I don't think so ๐ถ
We get some k% too, but we have to be careful not to indirectly begin gratifying ourselves with this - I've been fore-warned by the community
Do we want others to miss out on all the fun with SPOT?
I don't think so ๐ถ
The more SPOT runs & plays on different playgrounds, less he needs to be gratified "artificially" - tho belly rubs r great!
We also want SPOT to get affections from everyone else he interacts with
So the more SPOT socializes naturally, the better he can grow into a good boy ๐ถ
We also want SPOT to get affections from everyone else he interacts with
So the more SPOT socializes naturally, the better he can grow into a good boy ๐ถ
In other circles, dog owners have figured out a way to trade their freshly sorted 80% bags with others for their 28-day seasoned 80% bags...
Giving them the ability to feed him new 20% bones and also rotate them in during ROLLOVER on command!
Well, if we SPOT owners were to do
Giving them the ability to feed him new 20% bones and also rotate them in during ROLLOVER on command!
Well, if we SPOT owners were to do
something like this, then sure it would be wonderful to see SPOT run very fast and far
But that means we have to be able to YANK the leash - REDEEM
Thankfully, he's safe if he ever does get away from us
And that's b/c nobody can take those bone treats away before 28 days ๐ถ
But that means we have to be able to YANK the leash - REDEEM
Thankfully, he's safe if he ever does get away from us
And that's b/c nobody can take those bone treats away before 28 days ๐ถ
One last secret that not many are privy to
When SPOT is in a NET Positive Dopamine Yielding state, he is generally feeling good and so is everyone around him
B/c of this, something "tickles" SPOT once a day,
& after this happens, the 80% bones he set apart go up in quantity!
When SPOT is in a NET Positive Dopamine Yielding state, he is generally feeling good and so is everyone around him
B/c of this, something "tickles" SPOT once a day,
& after this happens, the 80% bones he set apart go up in quantity!
58
K% should derive from diversity of socialization - not self-gratification
Everyone should belly rub SPOT
๐ง๐ต๐ถ๐ ๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ ๐ฉ๐ฎ๐น๐๐ฒ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฒ๐ป๐๐ถ๐ฟ๐ฒ ๐๐ผ๐ฟ๐น๐ฑ
To understand how, let's contrast with our present situation
K(2)% Inflation target should
K% should derive from diversity of socialization - not self-gratification
Everyone should belly rub SPOT
๐ง๐ต๐ถ๐ ๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ ๐ฉ๐ฎ๐น๐๐ฒ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฒ๐ป๐๐ถ๐ฟ๐ฒ ๐๐ผ๐ฟ๐น๐ฑ
To understand how, let's contrast with our present situation
K(2)% Inflation target should
be managed thru judicious use of monetary & fiscal tools; QE/QT & interest rates
Instead, we have QE - debasement of currency - which has been so reckless, that it has evolved into Inflation
Tax Revenue is supposed to feed in to this k% to prevent such economic disasters
Instead, we have QE - debasement of currency - which has been so reckless, that it has evolved into Inflation
Tax Revenue is supposed to feed in to this k% to prevent such economic disasters
Instead, side pots have emerged to gamify value extraction from the very process of reporting taxes
Is it any wonder that US national debt is at $31 Trillion
Debt to GDP Ratio is above 100%
So if this were a CDP, it would be liquidated already...Got it
usdebtclock.org
Is it any wonder that US national debt is at $31 Trillion
Debt to GDP Ratio is above 100%
So if this were a CDP, it would be liquidated already...Got it
usdebtclock.org
And why is Individual Income Tax Revenue six times greater than Corporate Tax Revenue?
Same reason
Where has this tax evaded - lobbied - money gone?
Into capital assets & investments
So the "free market" is oriented towards quarterly reports & PE ratios in favor of priorities
Same reason
Where has this tax evaded - lobbied - money gone?
Into capital assets & investments
So the "free market" is oriented towards quarterly reports & PE ratios in favor of priorities
Like our Health!
Unbelievable Greed ๐คฌ
Pharmaceutical lobbying interests prioritized COVID vaccine Revenue over our safety
Similar interests prevent everyone - including my patients - from receiving TMS
B/c Pharma ๐ค Health Insurance thru opaque centralized ledgers
Extend
Unbelievable Greed ๐คฌ
Pharmaceutical lobbying interests prioritized COVID vaccine Revenue over our safety
Similar interests prevent everyone - including my patients - from receiving TMS
B/c Pharma ๐ค Health Insurance thru opaque centralized ledgers
Extend
this to other sectors, and you see the picture
This is the main reason FTX went down btw, not b/c it was "crypto" - the ledgers were opaque & clearly SEC didn't care enough to audit + protect consumers
Doesn't it just make more sense to use distributed ledgers for such things?
This is the main reason FTX went down btw, not b/c it was "crypto" - the ledgers were opaque & clearly SEC didn't care enough to audit + protect consumers
Doesn't it just make more sense to use distributed ledgers for such things?
Yes - this is Bitcoin
Annual k% policy of n BTC per block
Difference is, everyone gets a chance to win block reward while the system is rules-based & transparent
"Tax" is collected as transaction fees
Fixed Supply and other features lead BTC to be valued by the free market
Annual k% policy of n BTC per block
Difference is, everyone gets a chance to win block reward while the system is rules-based & transparent
"Tax" is collected as transaction fees
Fixed Supply and other features lead BTC to be valued by the free market
On Ethereum,
Annual k% policy of n ETH per block
In addition to peer-to-peer transactions, Ethereum has Smart Contracts & decentralized applications
Whereas BTC is valued b/c its blockchain is resistant to change, ETH is valued for the opposite
Ethereum upgrades continuously
Annual k% policy of n ETH per block
In addition to peer-to-peer transactions, Ethereum has Smart Contracts & decentralized applications
Whereas BTC is valued b/c its blockchain is resistant to change, ETH is valued for the opposite
Ethereum upgrades continuously
This has led ETH k% policy to become deflationary - "ultrasound" with EIP-1559
"Tax" revenue is also greater
Ethereum network participants can win block rewards with software based staking thru Smart Contracts
For BTC, hardware is a requirement
And now we have AMPL; it has
"Tax" revenue is also greater
Ethereum network participants can win block rewards with software based staking thru Smart Contracts
For BTC, hardware is a requirement
And now we have AMPL; it has
no block rewards, b/c there is no blockchain
AMPL-SPOT r Oracle Independent, so they can go to any chain
AMPL-SPOT participants can win k% rewards thru the Action of ROLLOVER - non-randomly
Systems work optimally when components r dynamically balanced
Like Id, Ego, Super-Ego
AMPL-SPOT r Oracle Independent, so they can go to any chain
AMPL-SPOT participants can win k% rewards thru the Action of ROLLOVER - non-randomly
Systems work optimally when components r dynamically balanced
Like Id, Ego, Super-Ego
Or if we want to zoom out more, the notion of "God" can be appreciated
In Hinduism, the Holy Trinity is known as the Trimurti
Brahma is the Creator, Vishnu is the Preserver, and Shiva is the Destroyer
Core fundaments of the Universe are integrated thru distributed consensus
In Hinduism, the Holy Trinity is known as the Trimurti
Brahma is the Creator, Vishnu is the Preserver, and Shiva is the Destroyer
Core fundaments of the Universe are integrated thru distributed consensus
It's all connected
SPOT can only grow with Love
Everyone must cooperate legitimately, by holding collective interests above their own if possible - but certainly not in favor of their own
We all have to contain our Greed & Drive for instant gratification
Examine closely, and
SPOT can only grow with Love
Everyone must cooperate legitimately, by holding collective interests above their own if possible - but certainly not in favor of their own
We all have to contain our Greed & Drive for instant gratification
Examine closely, and
you'll find that AMPL-SPOT motivates potential for such behavior from its Users, and market participants at large who understand these dynamics (e.g., Arbers)
SPOT runs far & AMPL expands so long as we coordinate the functions of the system's respective Action-Perception Loops
SPOT runs far & AMPL expands so long as we coordinate the functions of the system's respective Action-Perception Loops
This has never been easier than it is today with Smart Contracts
The Z-Tranches mature after 28 days, by which point they have likely accrued Value - giving the user more AMPL upon redemption
1.2x more AMPL than the user would've had by holding raw AMPL
So there isn't even
The Z-Tranches mature after 28 days, by which point they have likely accrued Value - giving the user more AMPL upon redemption
1.2x more AMPL than the user would've had by holding raw AMPL
So there isn't even
much of an incentive to dump them or "exit" position via the wAMPL - Z-Tranche LP
The next best thing to do with the raw AMPL is either MINT or ROLLOVER
In this way, feedforward positive loops can be cascaded
while recursive potential in either direction gets locked by Time
The next best thing to do with the raw AMPL is either MINT or ROLLOVER
In this way, feedforward positive loops can be cascaded
while recursive potential in either direction gets locked by Time
WE move the gears of this perpetually rotating conveyor belt of Senior A-Tranche collateral sets
These assets do not - ๐ฐ๐ฎ๐ป๐ป๐ผ๐ - lose Value, for at least 10 days
So long as all 3 functions are balanced, SPOT can continue to run & play
The opposite of Ego is Love
These assets do not - ๐ฐ๐ฎ๐ป๐ป๐ผ๐ - lose Value, for at least 10 days
So long as all 3 functions are balanced, SPOT can continue to run & play
The opposite of Ego is Love
And what does he give us in return? Inflation Resistance & Minimized Price Uncertainty - better than "stablecoin"
So long as he gets his bones & Rotations perpetuate
How can ROLLOVER continue perpetually?
Incentives
These drive AMPL expansion & SPOT's growth
Solve for k%
So long as he gets his bones & Rotations perpetuate
How can ROLLOVER continue perpetually?
Incentives
These drive AMPL expansion & SPOT's growth
Solve for k%
75
At scale with arbing, mint/burn fees could sustain bulk of the reward incentives for motivating fresh Tranche Rotations into the system
The DAO could also vote to divert its revenue streams towards ROLLOVER incentives
Or perhaps even the daily Rebase
So long as this k% is
At scale with arbing, mint/burn fees could sustain bulk of the reward incentives for motivating fresh Tranche Rotations into the system
The DAO could also vote to divert its revenue streams towards ROLLOVER incentives
Or perhaps even the daily Rebase
So long as this k% is
Decentralized
Build the K% Bridge, and
๐ง๐ต๐ถ๐ ๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ ๐ฉ๐ฎ๐น๐๐ฒ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฒ๐ป๐๐ถ๐ฟ๐ฒ ๐๐ผ๐ฟ๐น๐ฑ
With AMPL-SPOT, we have an n-person non-cooperative Game wherein the optimal outcome for everyone -
which unlocks Value Surplus
- is one that perpetuates ROLLOVER!
Build the K% Bridge, and
๐ง๐ต๐ถ๐ ๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ ๐ฉ๐ฎ๐น๐๐ฒ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฒ๐ป๐๐ถ๐ฟ๐ฒ ๐๐ผ๐ฟ๐น๐ฑ
With AMPL-SPOT, we have an n-person non-cooperative Game wherein the optimal outcome for everyone -
which unlocks Value Surplus
- is one that perpetuates ROLLOVER!
This is game theory math speak for "up and to the right"
In the Bargaining Problem, John Nash justifies with mathematical proofs, how non-zero sum outcomes can be unlocked between two individuals
So quite literally, the optimal solutions lie in the first quadrant - up n right
In the Bargaining Problem, John Nash justifies with mathematical proofs, how non-zero sum outcomes can be unlocked between two individuals
So quite literally, the optimal solutions lie in the first quadrant - up n right
These solutions account for utility, anticipations, & rational expectations
From this emerged the Nash Equilibrium, which is the set of solutions unlocking Value Surplus in n-person non-cooperative Games
How do ppl cooperate without external authority (law)?
If there's no law,
From this emerged the Nash Equilibrium, which is the set of solutions unlocking Value Surplus in n-person non-cooperative Games
How do ppl cooperate without external authority (law)?
If there's no law,
then how can they unlock positive-sum outcomes and Value Surplus?
Nash went very deep into the math. So deep that he took these solutions to the very limits of infinity
Hence, "Asymptotically" Ideal Money
From the outside, it appeared as if he were ill
He also emerged with
Nash went very deep into the math. So deep that he took these solutions to the very limits of infinity
Hence, "Asymptotically" Ideal Money
From the outside, it appeared as if he were ill
He also emerged with
the realization that much of the arbitration work of external authorities will be done by software in the future (now)
This enabled him to think far into the future when such ("Robot Attorneys") work would be done by software after tech has scaled computationally
Because he saw
This enabled him to think far into the future when such ("Robot Attorneys") work would be done by software after tech has scaled computationally
Because he saw
Nature clearly
Cooperation without external authority
What might such a world look like for humanity?
If conditions of Information Symmetry, Scaling Variance, Pareto Efficiency, and the Independence of Irrelevant Alternatives were satisfied, we might have such a society - he
Cooperation without external authority
What might such a world look like for humanity?
If conditions of Information Symmetry, Scaling Variance, Pareto Efficiency, and the Independence of Irrelevant Alternatives were satisfied, we might have such a society - he
concluded
It's why he worked on Ideal Money - b/c Information is the ultimate Medium of Exchange
Much of this wisdom is incorporated into non-zero games including Bitcoin, Ethereum, and Ampleforth
Importantly, these games cannot grow in a vaccuum
A "Grand Coalition" must
It's why he worked on Ideal Money - b/c Information is the ultimate Medium of Exchange
Much of this wisdom is incorporated into non-zero games including Bitcoin, Ethereum, and Ampleforth
Importantly, these games cannot grow in a vaccuum
A "Grand Coalition" must
form to unlock Value Surplus
Like the Nation state that harvests yield - taxes - for its k% by attracting individuals to perform labor for capital within its confines, web3 Network states are poised to deliver a superior value proposition for all inhabitants
Simply because the
Like the Nation state that harvests yield - taxes - for its k% by attracting individuals to perform labor for capital within its confines, web3 Network states are poised to deliver a superior value proposition for all inhabitants
Simply because the
entire "supply chain" of processes - the "independent arbitration" - that drives this k% has now been effectively delegated to computer code,
for the benefit of everyone!
These are DAOs
Before the telegraph, what was the primary method of telegraphing information?
Messengers
for the benefit of everyone!
These are DAOs
Before the telegraph, what was the primary method of telegraphing information?
Messengers
Before blockchain, what was the primary method of telegraphing value (Money)?
Middlemen
Before Smart Contracts, what was the primary method of managing credentials (NFTs)?
Institutions
Before SPOT, what was the primary method of issuing Inflation-Resistant P2P Cash?
________
Middlemen
Before Smart Contracts, what was the primary method of managing credentials (NFTs)?
Institutions
Before SPOT, what was the primary method of issuing Inflation-Resistant P2P Cash?
________
On that note, let's wrap this up
Vitalik recently wrote about his outlook for 2023. I concur with his views
Money is the most important use case that had not been solved for...until now
vitalik.ca/general/2022/1โฆ
Vitalik recently wrote about his outlook for 2023. I concur with his views
Money is the most important use case that had not been solved for...until now
vitalik.ca/general/2022/1โฆ
If Money is the Wheel then web3 is the Bicycle, and we r the Agents who govern the decisions that determine its Value
He concludes with Hybrid Applications
Apps that r not entirely on-chain, but take advantage of both blockchains & other systems to improve their Trust Models
He concludes with Hybrid Applications
Apps that r not entirely on-chain, but take advantage of both blockchains & other systems to improve their Trust Models
I can't think of a better system to hybridize web3 with, than the Nervous System
It resembles a Smart Contracting Brain as I've outlined here: mirror.xyz/bhau.eth/SuoUHโฆ
The pieces r in place now for the bridge to be built, which will onboard the next wave of participants
It resembles a Smart Contracting Brain as I've outlined here: mirror.xyz/bhau.eth/SuoUHโฆ
The pieces r in place now for the bridge to be built, which will onboard the next wave of participants
This is the k% Bridge
I drafted such an initiative a while ago, but I did not feel comfortable enough to campaign for it
And I'm glad I didn't, because we all were burned and lessons were learned
But now, we have to
The alternative is untenable
Because healthcare has been
I drafted such an initiative a while ago, but I did not feel comfortable enough to campaign for it
And I'm glad I didn't, because we all were burned and lessons were learned
But now, we have to
The alternative is untenable
Because healthcare has been
hijacked by Greed
E.g., Health Insurance companies have hired doctors for "peer to peer reviews" to actively antagonize the process of healthcare -
like dogs in a cage
and Admins to extract even more Value
all for what? A buck?
They gate our Credentials
Therapeutic Alliance
E.g., Health Insurance companies have hired doctors for "peer to peer reviews" to actively antagonize the process of healthcare -
like dogs in a cage
and Admins to extract even more Value
all for what? A buck?
They gate our Credentials
Therapeutic Alliance
between patient and physician is eroded at every step
I have experienced this as a physician, a patient advocate, and as a patient
We have many epidemics: Sleep, Obesity, Loneliness, and others we aren't even aware of
So now that Money has been designed to Resist Inflation and
I have experienced this as a physician, a patient advocate, and as a patient
We have many epidemics: Sleep, Obesity, Loneliness, and others we aren't even aware of
So now that Money has been designed to Resist Inflation and
Store Value,
or at least it can be clearly verified to not lose Value by cross-verification with perpetual tranche rotating collateral set,
Hybrid Applications can be designed similarly to promote Value accrual in tokens representing Positive-Sum behaviors
Like Sleeping & TMS
or at least it can be clearly verified to not lose Value by cross-verification with perpetual tranche rotating collateral set,
Hybrid Applications can be designed similarly to promote Value accrual in tokens representing Positive-Sum behaviors
Like Sleeping & TMS
On this 3rd of January that marks the 14th anniversary of Bitcoin's Genesis Block,
let's begin 2023 in the direction that will continue to fulfill the promises of our collective dreams
I'm fully committed to rebuilding healthcare & our planet - it's 50 & 60s during winter!
let's begin 2023 in the direction that will continue to fulfill the promises of our collective dreams
I'm fully committed to rebuilding healthcare & our planet - it's 50 & 60s during winter!
We are in this
There's no going back now
Plus - SPOT would love to have more friends to play with
As we've come to see - No Risk, no Reward
Ready?
Play
mirror.xyz/bhau.eth/wTbXeโฆ
There's no going back now
Plus - SPOT would love to have more friends to play with
As we've come to see - No Risk, no Reward
Ready?
Play
mirror.xyz/bhau.eth/wTbXeโฆ
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