The post-fundamentals era of crypto investing
So it seems there’s somewhat of a consensus that crypto is in its post-fundamentals era. That it doesn’t matter what the technology related to the token could become; because on a long enough time horizon, no token-holder has ever been rewarded for holding. The only ‘fundamentals’ a token will need is other buyers. and I’m not saying this hasn’t always been the case, it just feels more broadly realised now. There’s an acknowledgement that we can’t sell narratives of governance, potential rev-...
uniswap v2 and v3 explained for smoothbrains
knowing how uniswap v2 and v3 pools work is mega useful and not gonna lie if youre in crypto playing onchain and cant explain them yourself — wtf — keep reading im writing this explanation for my buddy who sorta knows crypto but doesnt know enough. i tried finding a guide online but these guys writing those articles have a hard time breaking it down to the juicy stuff. theyll yap about tick pricing or mathematics but nobody gives a shit; people just wanna trade better. hopefully this super be...
Replay Attacks, Self-destructing Contracts, and Ethereum’s Memory Layout: What I Learned From Comple…
Since early December, I have been obsessed with the challenges over at damnvulnerabledefi.xyz . They have taken my knowledge of DeFi and smart contracts to the next level, to say the least. After I completed the first twelve challenges by early January, I was very happy to hear that @tinchoabatte had just released three more challenges! Challenge #13 was most definitely the hardest, and it took me about a week to finish. Here is how I completed it, and what I learnt in the process. Keep in mi...
twitter: @crewmateJ
The post-fundamentals era of crypto investing
So it seems there’s somewhat of a consensus that crypto is in its post-fundamentals era. That it doesn’t matter what the technology related to the token could become; because on a long enough time horizon, no token-holder has ever been rewarded for holding. The only ‘fundamentals’ a token will need is other buyers. and I’m not saying this hasn’t always been the case, it just feels more broadly realised now. There’s an acknowledgement that we can’t sell narratives of governance, potential rev-...
uniswap v2 and v3 explained for smoothbrains
knowing how uniswap v2 and v3 pools work is mega useful and not gonna lie if youre in crypto playing onchain and cant explain them yourself — wtf — keep reading im writing this explanation for my buddy who sorta knows crypto but doesnt know enough. i tried finding a guide online but these guys writing those articles have a hard time breaking it down to the juicy stuff. theyll yap about tick pricing or mathematics but nobody gives a shit; people just wanna trade better. hopefully this super be...
Replay Attacks, Self-destructing Contracts, and Ethereum’s Memory Layout: What I Learned From Comple…
Since early December, I have been obsessed with the challenges over at damnvulnerabledefi.xyz . They have taken my knowledge of DeFi and smart contracts to the next level, to say the least. After I completed the first twelve challenges by early January, I was very happy to hear that @tinchoabatte had just released three more challenges! Challenge #13 was most definitely the hardest, and it took me about a week to finish. Here is how I completed it, and what I learnt in the process. Keep in mi...
twitter: @crewmateJ
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The Algorithm is one of the most significant inventions of the 21st century and people don't talk about this enough
People like to talk about crypto, robotics, and AI as the new frontiers. But besides the latent AI boom, the technology that normal people actually interact with is The Algorithm, and it has largely slipped past being a point of discussion, despite having the very powerful ability to shape the thought of the masses
Information is no longer searched for, it is provided to you. Instead of reading the paper to catch up on recent events, everyone has their own little newsboard. They call it For You
Adspace is no longer a purchasable good. There is no town message board. There is no front cover or ad break. For the most part people just scroll past sponsored ads on Twitter and Instagram
In turn, companies, government agencies, and whatever else are all fighting for attention within The Algorithm. They have to compete with anime PFPs and looksmaxxers to get their message out
It is questioned whether The Algorithm is a net good or a net bad. On one hand, free speech and information is more available than ever before. For the first time ever you can see into the life of a Mongolian goat farmer without having to ask. These days, 13 year old boys are aware of Israeli astroturfing campaigns. There are genuine success stories of people in need raising charity money through the kindness of strangers within The Algorithm
On the other hand, racism, misinformation, and "exposing" is the best way to be seen. The political bipartition is more extreme than ever. People will optimise for impressions rather than genuineness
Intelligence agencies are acutely aware of The Algorithm. They operate within it, and manipulate it where possible to their benefit. For they understand that a divided society is easier to control than a united one
When AI came in everything multiplied one hundred fold. First it was just images. Then, even videos could not be trusted. The dead internet theory will no longer be a theory. Human creators and UGC won't disappear entirely, but synthetic creators and synthetic personalities will dominate since the cost of production is way lower
Soon, The Algorithm will change from ranking content to creating it. AI has unlocked user siloed OC for the first time. Your parasocial relationship will be exclusive; no one else will get to see your favourite egirl
Real human creators will fight back by creating AI models of themselves to push content more rapidly. Influencers will "sell" you a product they have never even heard or spoken the name of
Authenticity of accounts will start becoming valuable like never before. No one wants to be sold a product by AI. There will be harsh penalties for using AI to any extent and regulation will come in for corporate businesses. The "AI" label will be the death of many accounts
The Algorithm is centralised and closed source. Meta, ByteDance, and Alphabet control upwards of 70% of the total screen time spent on The Algorithm
The ability to censor and push certain political opinions is extremely powerful. 74% of Gen Z gets their news from For You
You've spent three hours today inside a system you cannot see, built by people you will never meet, optimising for outcomes you did not choose. How much of what you know do you know on your own accord? How much was fed to you by For You?
The is no legislation on algorithmic transparency, yet. But maybe if there was more talk about the significance of The Algorithm, there would be
The Algorithm is one of the most significant inventions of the 21st century and people don't talk about this enough
People like to talk about crypto, robotics, and AI as the new frontiers. But besides the latent AI boom, the technology that normal people actually interact with is The Algorithm, and it has largely slipped past being a point of discussion, despite having the very powerful ability to shape the thought of the masses
Information is no longer searched for, it is provided to you. Instead of reading the paper to catch up on recent events, everyone has their own little newsboard. They call it For You
Adspace is no longer a purchasable good. There is no town message board. There is no front cover or ad break. For the most part people just scroll past sponsored ads on Twitter and Instagram
In turn, companies, government agencies, and whatever else are all fighting for attention within The Algorithm. They have to compete with anime PFPs and looksmaxxers to get their message out
It is questioned whether The Algorithm is a net good or a net bad. On one hand, free speech and information is more available than ever before. For the first time ever you can see into the life of a Mongolian goat farmer without having to ask. These days, 13 year old boys are aware of Israeli astroturfing campaigns. There are genuine success stories of people in need raising charity money through the kindness of strangers within The Algorithm
On the other hand, racism, misinformation, and "exposing" is the best way to be seen. The political bipartition is more extreme than ever. People will optimise for impressions rather than genuineness
Intelligence agencies are acutely aware of The Algorithm. They operate within it, and manipulate it where possible to their benefit. For they understand that a divided society is easier to control than a united one
When AI came in everything multiplied one hundred fold. First it was just images. Then, even videos could not be trusted. The dead internet theory will no longer be a theory. Human creators and UGC won't disappear entirely, but synthetic creators and synthetic personalities will dominate since the cost of production is way lower
Soon, The Algorithm will change from ranking content to creating it. AI has unlocked user siloed OC for the first time. Your parasocial relationship will be exclusive; no one else will get to see your favourite egirl
Real human creators will fight back by creating AI models of themselves to push content more rapidly. Influencers will "sell" you a product they have never even heard or spoken the name of
Authenticity of accounts will start becoming valuable like never before. No one wants to be sold a product by AI. There will be harsh penalties for using AI to any extent and regulation will come in for corporate businesses. The "AI" label will be the death of many accounts
The Algorithm is centralised and closed source. Meta, ByteDance, and Alphabet control upwards of 70% of the total screen time spent on The Algorithm
The ability to censor and push certain political opinions is extremely powerful. 74% of Gen Z gets their news from For You
You've spent three hours today inside a system you cannot see, built by people you will never meet, optimising for outcomes you did not choose. How much of what you know do you know on your own accord? How much was fed to you by For You?
The is no legislation on algorithmic transparency, yet. But maybe if there was more talk about the significance of The Algorithm, there would be
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