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Building Blocks for DEX Router Construction & Analysis
by Alex Carreira & Prabhaav BhardwajOverviewExchanging one asset for another is a foundational concept of financial markets. In cryptocurrency markets, this commonly occurs where tokens or currencies are swapped or traded for others. Uniswap is an automated liquidity protocol that facilitates this type of swapping. It uses pairs or pools (henceforth pairs), pooled reserves of two assets[1], to allow a user to swap one asset for another.Figure 1.0: A Uniswap pool of tokens A and B along with e...
Decentralized Society: Finding Web3’s Soul1
E. Glen Weyl,2 Puja Ohlhaver,3 Vitalik Buterin 4 May 2022 "The Dao is the hearth and home of the ten thousand things. Good souls treasure it, lost souls find shelter in it.” — Laozi, #62 Abstract Web3 today centers around expressing transferable, financialized assets, rather than encoding social relationships of trust. Yet many core economic activities—such as uncollateralized lending and building personal brands—are built on persistent, non-transferable relationships. In this paper, we illust...
Modeling Bitcoin Value with Scarcity | Medium
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25IntroductionSatoshi Nakamoto published the bitcoin white paper 31/Oct 2008 [1], created the bitcoin genesis block 03/Jan 2009, and released the bitcoin code 08/Jan 2009. So begins a journey that leads to a $70bn bitcoin (BTC) market today. Bitcoin is the first scarce digital object the world has ever seen. It is scarce like silver & gold, and can be sent over the internet, radio, satellite etc."As a thought e...
Building Blocks for DEX Router Construction & Analysis
by Alex Carreira & Prabhaav BhardwajOverviewExchanging one asset for another is a foundational concept of financial markets. In cryptocurrency markets, this commonly occurs where tokens or currencies are swapped or traded for others. Uniswap is an automated liquidity protocol that facilitates this type of swapping. It uses pairs or pools (henceforth pairs), pooled reserves of two assets[1], to allow a user to swap one asset for another.Figure 1.0: A Uniswap pool of tokens A and B along with e...
Decentralized Society: Finding Web3’s Soul1
E. Glen Weyl,2 Puja Ohlhaver,3 Vitalik Buterin 4 May 2022 "The Dao is the hearth and home of the ten thousand things. Good souls treasure it, lost souls find shelter in it.” — Laozi, #62 Abstract Web3 today centers around expressing transferable, financialized assets, rather than encoding social relationships of trust. Yet many core economic activities—such as uncollateralized lending and building personal brands—are built on persistent, non-transferable relationships. In this paper, we illust...
Modeling Bitcoin Value with Scarcity | Medium
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25IntroductionSatoshi Nakamoto published the bitcoin white paper 31/Oct 2008 [1], created the bitcoin genesis block 03/Jan 2009, and released the bitcoin code 08/Jan 2009. So begins a journey that leads to a $70bn bitcoin (BTC) market today. Bitcoin is the first scarce digital object the world has ever seen. It is scarce like silver & gold, and can be sent over the internet, radio, satellite etc."As a thought e...
Share Dialog
Share Dialog

Homo sapiens are a fascinating species. Our bodies do have some advantages: opposable thumbs, decent endurance, bipedalism — but are quite mediocre overall in the grand scheme of evolutionary physiology. Where all our skill points have been allocated is in two key areas: communication and imagination.
Natural selection is an autonomous process, and our existence is completely meaningless. Yet, through our imagination, we have conjured fictional structures like religion, nations, economies, money etc. to give it all some meaning. Though our communication abilities, we have collectively given legitimacy and continued to memetically evolve all of these structures. But really, these are purely artificial constructs backed by some material creations.
The meatspace is already a multiplayer video game — you earn arbitrary points to accomplish certain tasks, with different methods to create the rules of the subgames. However, there’s one severely crippling limitation to meatspace, bound by physics: Our imaginations have far, far wider potential than what can be built physically, or experienced by our fragile bodies. There are also many arbitrary boundaries set that cripple our creativity. Further, the more we want to build meatspace things, the more toxic waste and damage we’ll leave. It’s affecting other species first, but eventually, biosphere collapse will catch up with homo sapiens and lead to our extinction. Now, of course, one would argue that the solution to this is colonizing the galaxy…
But a much easier and more feasible alternative is at hand: building the metaverse. Unconstrained by the many limitations of meatspace, we can collaborate on creating fairer societies from first principles — an opportunity our ancestors 10,000 years ago did not have.
Ultimately, the goal is to derive “happiness” out of our meaningless existence by leveraging our imagination and communication superpowers: the metaverse can accomplish this goal in a better, more benevolent, creative, and sustainable manner.
So how can all of this be accomplished? It’s early days, I don’t know. It’s very likely that a lot of the follies of meatspace will be translated over to metaverse in the early days, but hopefully the tools to break this cycle will be much more accessible. What do you think?

Homo sapiens are a fascinating species. Our bodies do have some advantages: opposable thumbs, decent endurance, bipedalism — but are quite mediocre overall in the grand scheme of evolutionary physiology. Where all our skill points have been allocated is in two key areas: communication and imagination.
Natural selection is an autonomous process, and our existence is completely meaningless. Yet, through our imagination, we have conjured fictional structures like religion, nations, economies, money etc. to give it all some meaning. Though our communication abilities, we have collectively given legitimacy and continued to memetically evolve all of these structures. But really, these are purely artificial constructs backed by some material creations.
The meatspace is already a multiplayer video game — you earn arbitrary points to accomplish certain tasks, with different methods to create the rules of the subgames. However, there’s one severely crippling limitation to meatspace, bound by physics: Our imaginations have far, far wider potential than what can be built physically, or experienced by our fragile bodies. There are also many arbitrary boundaries set that cripple our creativity. Further, the more we want to build meatspace things, the more toxic waste and damage we’ll leave. It’s affecting other species first, but eventually, biosphere collapse will catch up with homo sapiens and lead to our extinction. Now, of course, one would argue that the solution to this is colonizing the galaxy…
But a much easier and more feasible alternative is at hand: building the metaverse. Unconstrained by the many limitations of meatspace, we can collaborate on creating fairer societies from first principles — an opportunity our ancestors 10,000 years ago did not have.
Ultimately, the goal is to derive “happiness” out of our meaningless existence by leveraging our imagination and communication superpowers: the metaverse can accomplish this goal in a better, more benevolent, creative, and sustainable manner.
So how can all of this be accomplished? It’s early days, I don’t know. It’s very likely that a lot of the follies of meatspace will be translated over to metaverse in the early days, but hopefully the tools to break this cycle will be much more accessible. What do you think?
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