Les Cosmonautes

@les-cosmonautes

210 Following

29 Followers

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As some of you have noticed, a big theme on this Farcaster profile is objectivity vs. subjectivity The human experience is extremely complex, multi-faceted, diverse, and thus deeply subjective Financialization is an attempt to dumb some things down into objective numbers. For some things, like capital allocation, exchange of goods, it works brilliantly. Blockchains are exclusively the domain of the strictly objective. But for almost everything else, forcing subjective matters into objective outputs leads to potentially catastrophic outcomes, and the root cause is plutocracy - determining governance by wealth, to the worst-case scenario, truth itself. I don't need to tell how that's peak dystopia and an affront to humanity. Fuck "info finance" with a bag of stale scrotums

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Les Cosmonautes pfp

Les Cosmonautes

@les-cosmonautes

I'm a little teapot

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Les Cosmonautes pfp

Les Cosmonautes

@les-cosmonautes

I'm a little teapot

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polynya pfp

"Info finance" is pretty emblematic of financialisation gone too far to become outright dystopian It's happening, there's no turning back, but I'll personally avoid it like the plague

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polynya pfp

Revisiting this post. I now believe this was an overestimate, now that we are demand-limited with clear data for over a year instead of supply-limited like we had been for the first ~15, I have a better understanding of strict global consensus, and fintech continues to progress rapidly, particularly in Asia and Africa. I still believe demand will grow over time, but the endgame "cliff" for "valuable transactions that need full Ethereum security" will be much lower than I had thought in 2022. It is important to consider the evidence instead of blind hopium and entitlement as increasing blob supply callously has clear tradeoffs socially, technically and economically that can compromise Ethereum's core values for zero gain. Needless to say, as usual, I was accused of being too pessimistic in 2022 when in reality even I was being too optimistic. Given prior history, it's likely I'm still too optimistic! https://polynya.mirror.xyz/gm6bUvvDF-sQAt7HuU6kRKCLIT9tAuaSCxHeNFdDVHk

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polynya pfp

The topic I wrote about in the last few months of my crypto blogging career was "strict global consensus" A more technical term for the same idea as used by @guiltygyoza is "strict serializable consistency" (Disclaimer: I'm an investor in Topology) https://www.guiltygyoza.xyz/2024/04/topology-protocol-walkthrough

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A decade ago, the Ethereum Whitepaper mentioned every usecase that has been successful - everything from stablecoins to prediction markets to name services - and some that haven't Around that time, BitShares was already live with PoS, free and fast txs, DEXs, NFTs, memecoins, algorithmic stablecoins, user-issued tokens etc. 7 years ago, the ICO mania experimented with every possible "____ but blockchain" 4 years ago, we saw our last major wave of application innovation that proved everything discussed a decade ago Crypto is a successful, mature industry, anyone who says "crypto is nothing but gambling" is delusional, as are those who say "we're soooo earlyyyy". Acknowledge reality, keep building on things that work, that may work, and abandon everything that has failed for many years (>99.99% crypto projects)

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Dan Romero pfp

All @polymarket URLs are now frames! https://polymarket.com/event/ethereum-etf-begins-trading-by-july-26

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Les Cosmonautes pfp

Les Cosmonautes

@les-cosmonautes

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Dan Romero pfp

The easiest way to use @polymarket is now on Farcaster. - Works in the mobile app with a wallet you already have - Any Polymarket URL automatically turns into a frame - And with no algo penalty for links, you get distribution

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polynya pfp

Just a personal clarification, since a lot of people wrongly assume I've "quit crypto". This is what I actually said in my last blog post. I've done exactly that since: - No blog posts - 1 or 2 casts per week on Farcaster (no try, do!) - Fulfilled all investor and delegate obligations - Many private chats w/ builders

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Les Cosmonautes

@les-cosmonautes

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Les Cosmonautes

@les-cosmonautes

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