Jogundas Armaitis pfp

Jogundas Armaitis

@jogundas.eth

94 Following
46 Followers
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
I've heard some seriously cool people have been working on this.
0 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
PLZ 1 $DEGEN
0 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Since I have no idea either 100 $DEGEN
0 reply
0 recast
1 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Can't argue against that :)
0 reply
0 recast
1 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
People might try to exploit the system, must prevent that for sure. However, Ethereum relies on electricity and internet. It will not work after a nuclear war, right?
1 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
"we are not here to just create isolated tools and games, but rather build holistically toward a more free and open society and economy" ❤️ ❤️ ❤️
0 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
IMHO the social layer is what keeps things decentralized. Otherwise it is LSTs/restaking all the way.
1 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Tupac is in on the idea world -- "you ain't knowing what we mean by staring through the rearview".
0 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
#3 seems to address this: decoupling “weight” for incentive purposes, vs “weight” for consensus purposes sounds interesting. Would be interesting to see if such (seeming) incentive disalignment is productive and stable elsewhere.
0 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Thanks a ton for reacting to the LST threat and also acknowledging all the other nasty attack vectors like P2P DOS etc. To me, the crux of the matter is that original ETH PoS was economically uncompetitive and thus attracted idealists. With LSTs that's no longer the case.
1 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Goes to 7th century BC Archilochus. The cultural environment has evolved quite a bit since then, no wonder it is confusing to us. "The fox knows many things, but the hedgehog knows one big thing."
0 reply
0 recast
2 reactions
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Plasma! Still in testnet but very cool.
0 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
This goes very much in the direction of what alt-EVM-L1 guys talk about, eg, gnosis https://youtu.be/dimUOYzhkmk?si=015D86Ifc2XYgFmP .
0 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Perhaps he means an execution layer node, so not a validator/staker?
1 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Cool product! What does "total amount saved" mean on the website though?
1 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Answers to this question would probably be very different now :)
0 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
If Eigenlayer + Lido does not bring about Ethereum's demise, I'll be satisfied 🤗
1 reply
0 recast
1 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Nice piece "towards" social forking https://medium.com/@nfett/why-values-matter-social-flexing-in-crypto-f971b23167e2
0 reply
0 recast
0 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Ah, right, thanks. There's an example in the whitepaper how redemptions work. Since the minimum Redemption Fee is 0.5%, I guess this means that 1LUSD=$0.995 is the price at which redemptions kick in.
0 reply
0 recast
1 reaction
Jogundas Armaitis pfp
Jogundas Armaitis
@jogundas.eth
Some things are meant to be protocols. Others apps/clients. I am working on a new DeFi primitive, which is obviously in the protocol category. It will have an UI though, that's a client presumably.
0 reply
0 recast
1 reaction