A DeFi Degen’s Reaction to The Communist Manifesto
This paper is a reaction to the reading of The Community Manifesto (TCM) through the perspective of an individual that has studied and used Decentralized Finance (DeFi) extensively since approximately March 2020. This paper is not an endorsement of communism, nor is it a condemnation. It is simply a fountainhead of thoughts and the sharing of them.
Frozen Flare
Trust’n DemIt’s been a while since I wrote a piece so I decided to talk about trust, and the consequences of trusting without being present.To illust...
A DeFi Degen’s Reaction to The Communist Manifesto
This paper is a reaction to the reading of The Community Manifesto (TCM) through the perspective of an individual that has studied and used Decentralized Finance (DeFi) extensively since approximately March 2020. This paper is not an endorsement of communism, nor is it a condemnation. It is simply a fountainhead of thoughts and the sharing of them.
Frozen Flare
Trust’n DemIt’s been a while since I wrote a piece so I decided to talk about trust, and the consequences of trusting without being present.To illust...
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This essay is an investing style you can employ to protect yourself from making decisions you regret and from falling victim to scams and hacks.
I have chosen the term schizophrenic not to mock, or downplay the actual ailment that some suffer from, but purely for the clickbaitability of it.
Dog eat Dog
All over crypto Twitter, or X if you will, you will find various accounts that are followed for their insight, humor, hentai, and influence. You should know that it is certain that multiple accounts are run but the same person, and some accounts are run by a group of individuals. They tweet and retweet themselves and each other. Amplifying their own reach.
Think deeply on this, and how you can trust them.
The various accounts are for projects also though.
This button is the key. When you want to separate the mentality of an account, you can start with a new profile in Chrome. Sometimes even create a new email and sometimes not. This is usually a result of whether a new email is needed to sign up for another account such as an X account.
In this new profile, you can even install a dedicated crypto wallet.
When changing to this new profile, try to change your mentality to match the desired outcome here.
Each of the personas can have its own seed phrases and hardware wallet. Some of the personalities can also be found in the same Chrome profile, but in different wallet addresses, under the same seed phrase, or not.
Multiple personas WILL protect themselves from the foolish actions of other personas.
So let’s start talking about personalities.
Slow and Steady. The calm river runs deep
This profile is where you consider the fundamentals of projects that can truly be labeled investments. This profile takes long-term choices, and seldom sends transactions. It is the “think, think, make a choice, and wait it out,” one. This also can have a healthy amount of you ETH mainnet positions.
As a bonus, this profile can be funded with veVoting gains, if they are held. It might sometimes consider sending to the Mercenary.
Dependable and reliable, for a price
This profile likes to sit in very low risk assets, blue chips, and stablecoins. It is looking for one thing. Compounded ROIs. Yield aggregators such as Yearn and Beefy are tools of his trade. Correlated pools are nice for this guy too.
Seasonal changes reap fruit
This profile considers the potential of mid-range holds. It likes to farm and hold. Usually putting farmed reward tokens to work for periods of time. There are also point system considerations here, but points are bonuses ONLY.
Wander the devastation
This profile is the risk junkie. Sniping new tokens, and NFTs trading. It's the “in and out” style. It might be a good idea to even put leverage perp trading under his control
We all have mouths to feed.
This is your real-life profile. It's where you go to use your fiat banks, buy stuff on Amazon, and read the walls of text that your children’s teachers send to your email.
This also houses your Centralized Exchange account that can be used for offramping to fiat.
This model is a thought experiment and is not something you must do to succeed. But there are certainly gems of thought here that might be found useful for you, where not so much for others. Find what works for you and adopt it, shedding that which doesn't.
This essay is an investing style you can employ to protect yourself from making decisions you regret and from falling victim to scams and hacks.
I have chosen the term schizophrenic not to mock, or downplay the actual ailment that some suffer from, but purely for the clickbaitability of it.
Dog eat Dog
All over crypto Twitter, or X if you will, you will find various accounts that are followed for their insight, humor, hentai, and influence. You should know that it is certain that multiple accounts are run but the same person, and some accounts are run by a group of individuals. They tweet and retweet themselves and each other. Amplifying their own reach.
Think deeply on this, and how you can trust them.
The various accounts are for projects also though.
This button is the key. When you want to separate the mentality of an account, you can start with a new profile in Chrome. Sometimes even create a new email and sometimes not. This is usually a result of whether a new email is needed to sign up for another account such as an X account.
In this new profile, you can even install a dedicated crypto wallet.
When changing to this new profile, try to change your mentality to match the desired outcome here.
Each of the personas can have its own seed phrases and hardware wallet. Some of the personalities can also be found in the same Chrome profile, but in different wallet addresses, under the same seed phrase, or not.
Multiple personas WILL protect themselves from the foolish actions of other personas.
So let’s start talking about personalities.
Slow and Steady. The calm river runs deep
This profile is where you consider the fundamentals of projects that can truly be labeled investments. This profile takes long-term choices, and seldom sends transactions. It is the “think, think, make a choice, and wait it out,” one. This also can have a healthy amount of you ETH mainnet positions.
As a bonus, this profile can be funded with veVoting gains, if they are held. It might sometimes consider sending to the Mercenary.
Dependable and reliable, for a price
This profile likes to sit in very low risk assets, blue chips, and stablecoins. It is looking for one thing. Compounded ROIs. Yield aggregators such as Yearn and Beefy are tools of his trade. Correlated pools are nice for this guy too.
Seasonal changes reap fruit
This profile considers the potential of mid-range holds. It likes to farm and hold. Usually putting farmed reward tokens to work for periods of time. There are also point system considerations here, but points are bonuses ONLY.
Wander the devastation
This profile is the risk junkie. Sniping new tokens, and NFTs trading. It's the “in and out” style. It might be a good idea to even put leverage perp trading under his control
We all have mouths to feed.
This is your real-life profile. It's where you go to use your fiat banks, buy stuff on Amazon, and read the walls of text that your children’s teachers send to your email.
This also houses your Centralized Exchange account that can be used for offramping to fiat.
This model is a thought experiment and is not something you must do to succeed. But there are certainly gems of thought here that might be found useful for you, where not so much for others. Find what works for you and adopt it, shedding that which doesn't.
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