full spank dev @SpankChain
Las Vegas, NV
Joined August 2013
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one by one, we will all understand that 1 RAI = 1 RAI ๐ฟ
should we rebase RAI *now* to set it closer to $1?
if not then back to the wall I will literally teach the entire planet about floating exchange rate regimes
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ameen retweeted
love this article, and particularly thought experiment #1: "can the stablecoin, even in theory, safely 'wind down' to zero users?"
if the answer is no, imho it is not worthy of being called a stablecoin and is functionally more similar to high yield protocol debt
Two thought experiments to evaluate automated stablecoins:
vitalik.eth.limo/general/202โฆ
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Reminder: models are still able to apply for FREE Mgen testing! Let's help keep the community safe! ๐
(1/6) Thanks to the support of @spankchain, PASS is able to provide no-cost testing and treatment for the newly-emerging STI Mgen. Up to 1000 performers, models, and creators will be selected to participate in this first-ever pilot. To apply visit: passcertified.org/mgen-screeโฆ
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"automated stablecoins" has a nice ring to it
thanks @VitalikButerin for explaining the nuance of RAI vs UST!
Two thought experiments to evaluate automated stablecoins:
vitalik.eth.limo/general/202โฆ
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seems like a great time to repost this gem from @_charlienoyes
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join us as we prepare RAI for ungovernance phase 2
community.reflexer.finance/tโฆ
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ameen retweeted
ใใใพใง่กใใฎใใพใๅคงใใใใฎใงใใใๆ็ต็ใซใฏ่ใใชใใจใใใพใใใญใ
Two thought experiments to evaluate automated stablecoins:
vitalik.eth.limo/general/202โฆ
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ameen retweeted
Rai is stone cold island money with the mechanisms in place (negative interest rates) actual exit mechanism to keep stable based on demand on Ethereum.
Two thought experiments to evaluate automated stablecoins:
vitalik.eth.limo/general/202โฆ
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turns out molochdao shares were "soulbound" (non-transferable) all along ๐น
I also hear some people don't like the term "soulbound"
if you don't like it, feel free to ragequit ๐
Non-transferrable SBTs are the essence of how DAOhaus DAOs operate โจ
& Molochs DAOs have been putting the "Soul" in Soulbound since Day 1 (2019)
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tfw you convert to decentralized stablecoins ๐
join us @reflexerfinance ๐ฟ
h/t @Neet4Lyfe9
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ameen retweeted
made a newb RAI explainer so I can stop asking gigabrain @ameensol basic questions about @reflexerfinance ๐ฟ
tldr; RAI is stable bc of a redemption rate (interest rate) & auctions (QE/QT) that change based on RAI price & ETH price, to hover around ~$3
paper.dropbox.com/doc/RAI-Neโฆ
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ameen retweeted
This goes out to everyone working on CBDCs and advocating for governments to adopt them. Without anonymity youโre creating a surveillance tool. CBDCs suck
The Federal Reserve is looking into creating a centralized digital currency โ aka digital cash โ and how it could provide privacy to consumers without complete anonymity or facilitating illicit activity.
Today, we and our partners let them know: Anonymity is non-negotiable.
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ameen retweeted
ICYMI : our unicorn @ameensol in action at the @xbiz man-kini contest! Judges were so mind blown & impressed by his moves they forgot to give em a score!
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just read the @wearecultdao manifesto and my first thought was...
"I could have written this" ๐ณ
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