crypto ethics. recovering milady
Joined April 2019
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Pumping a coin using social status and buying a coin because it’ll be pumped with social status are morally equivalent.
Both have prior knowledge of the circumstances that the target audience doesn’t.
Rhizoo retweeted
according to blockworks, solana did 30B in volume yesterday
for reference, the NASDAQ does over 300B per day
so we are 10x behind now — but a few months ago we were 100x behind, and before then, 1,000x behind
the gap is closing, and the world is moving onchain
Rhizoo retweeted
No evidence to support this, but I feel like the unspoken fact in crypto is that Paradigm and other “Tier 1” Ethereum Aligned VCs are 80-90%+ of the liquidity on Uniswap in order to make the rest of the DeFi markets work.
They don’t care about the IL or the yield.
Rhizoo retweeted
Celestia DA consumption hit a fresh high on the weekly timeframe, with network utilization at 1.5%. The launch of Eclipse was the clear driver
DeFi chains are responsible for 43% of data posted on Celestia since genesis
Celestia also hit a new high of 36% in DA marketshare
Rhizoo retweeted
Two things
1) Ore broke Solana, and it's coming back
2) @kelxyz_ is one of the best writer/researchers in crypto
But what the hell is ore and why would PoW come to Solana????
Tf they doin ova there
Anyway, enjoy this banger guest post
helius.dev/blog/solana-build…
Rhizoo retweeted
Multiplier
New to v2, we will be introducing a staking mechanism to structurally advantage miners who hold the token.
By staking ORE, miners can earn a multiplier on their mining rewards. The miner with the most stake on the network will receive a 2x multiplier. All other miners will receive a multiplier between 1x and 2x, proportional to their stake.
Importantly, the multiplier only applies to miners who are actively submitting valid hashes and cannot be manipulated via “flash loan” attacks.
/5
Rhizoo retweeted
As we get ready to mine again, I want to take a minute to recap the origins of ORE and how we got to where we are today.
🧵
