we present Sigma: a general model for digital token distribution and liquidity management through a singular, continuously accessible global market. gagra.vc/writings/sigma this is both a research paper and a reference implementation

"if you can one day renovate yourself - do so from day to day" #gv_quotes

There's a third one: - stay humble and make sure to keep God on your side

having re-reviewed the SEC's recent FAQ and previous communications over the weekend, we are now of a firm belief that if their regulatory worldview persists beyond this admin (which is a big "if"): 1. ALL publicly-traded assets will converge on "value-bearing" digital tokens over time, equity may only be reserved for private ownership. every publicly-traded asset tied to a business will look more like a "pure token" than "tokenized equity" in legal sense 2. the market practice probably settles on publicly-traded co's moving their treasuries on-chain and automating investor disclosures (instead of abandoning as current interpretation suggests) - making them real-time while keeping private (e.g. via TEE/ZKP) and attesting to certain properties. No need for third-party audits or explicit filings 3. buy-backs for "real businesses" and supply/demand for networks and protocols this is a 10-20 year prediction at best with a lot of optimizm baked into it reality is current laissez-faire regulator approach incentivizes abuse and fraud, so expect a tug-of-war legislation unless the industry settles on optimal sefl regulation that promotes transparency and integrity agree with @lex_node's take below

oh my God 🙏💫💖💫💖🙏

"The fastest way to kill a big dream is to introduce it to a small mind" #gv_quotes

the Silicon Valley AI delusion reminds us how we all thought there's a perfect consumer Web3 app to "onboard billions on-chain" when actually the "real world" adoption was achieved by a simple dollar-pegged token from a company half of the industry considered a fraud, and used on a "scam" chain (Tron) to help rich Chinese and Russians evade capital controls and sanctions in the same way, what we call AI will actually diffuse itself into the economy as: a) cheap slop generator for consumer, polished to perfection over time by Chinese labs b) a work suite SaaS for enterprises and vertical-specific applications, ran by US labs all agentic, of course, but still not fully autonomous whilst maybe the "real" fruits of this technology are borne by scientists who'll have another decade to bring it to reality mostly in Biotech and broader Engineering it will work out just fine and take much longer relax

expect growing number of small/mid cap publicly-traded company CEOs to praise blockchain markets moving forward not just a meta xitter.cf/lylepratt/status/20973…

funny how - a good chunk of the RH DeFi apps look vibe-coded af - their socials posts look generated af - some of the "cracked devs" from the ecosystem we've known from the past to never have been engineers at all and yet we still haven't had any major hacks or bugs yet 🤔

THIS SH*T NEEDS TO STOP Ethereum (or any L1) is NOT a business it's an economy - i.e. platform for multiple forms of transactions $ETH is the currency price is correlated with supply/demand yes, design isn't perfect but gauging "fair" price through "revenue" is RETARDED

"the future is already here, just not evenly distributed" #gv_quotes

great, very well-curated, collection, especially the phisical portion goes on to show you how much great digital art there's on Tezos and how, unfortunately, there's no value in keeping it there

"...For to do nothing and be idle are also action...He who endures what he could change, acts no less than he, who interferes to obtain another result...Man is not only homo sapiens, but no less homo agens" #gv_quotes