can someone explain the moxie meta to me
@mikedemarais.eth

Moxie Protocol

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no, it's where Alice & Bob are reciprocating a responsibility for each other. so Alice holds as much of Bob's token as much as Bob holds as much of Alice's token.

where this gets funky w/ irrational actors is a prisoner's dilemma. there's as much psychological belief that the other is "unplayable", so in the classic sense one prisoner confesses b/c they expect the other prisoner to take the fall.

so in the case of olympus finance, there was a reflexive behavior on either side of the bubble,  earlier = extreme greed & yeeting,  later  = extreme fear & jeeting. people just want a haven from worry.

all of that being said, escrow/accountbound contracts fixes this.

this: https://warpcast.com/m-j-r.eth/0xadf8608f

but the main utility is claim on services for actively & responsively engaging (or shipping goods like frames). more confidence & responsibility would be reflected by accumulating fan tokens.

more advanced subjects include where the speech becomes rehypothecation of tokens. other things as well w/ contracts.

but the main thing is: smart people demonstrate conviction & win distribution power.