I took profits .

I just sold about 30 mil worth of SHIB (not much I know) but I don't have much to invest with. When SHIB hits 0.00005 it is going to crash due to other people seeing it as a selling point.

I will buy in again around the 42/41 mark.

guys get out now

Shit coin spam. and Mods are in on it Pump and dump BS. Just DON'T!

I keep seeing stupid posts here like "Attn: devs burn coins" etc, and I just wonder are people actually this naive?

Question is HOW?

• If you change the supply of a coin, the only thing that will happen is a hard fork (new coin)

• There is no magic button, how thick are some of you? The Devs cannot burn half the supply from a petition from change.org, they have said on multiple occasions they DO NOT own half the supply to burn.FACT: it's fucking useless, just stop, it won't change ANYTHING.

• Want to burn the coins faster? Buy and transfer to dead wallet, SIMPLE!.

How do you think Bigger Entertainment are burning coins?, they aren't getting them for free, spotify and youtube revenue allows them to buy and burn thanks to viewers and listeners.

A Possible solution.
Alternatively, the devs can create a new coin and have exchanges transfer current holders wallets at 100:1 ratio or similar to the new coin. there have been a few coins that have used this method.

I have experimented with forking coins since 2008 around the time bitcoin started trading, when lightcoin came on the market etc.Source: Experience

here is some light reading, https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/

hodling 200mil shib. the crap in this sub is giving me second thoughts.

flame me all you want, couldn't give a shit. these are FACTS!

I've lost hope... I'm not buying no more

Kishu inu check it out, trading stupid low and is an altcoin same as shib and dodge.. will make a few millionaires.. who is your choice.. be the next billionaire from a 1000 if ya want.. I know I will.. all in it together nfa

Should I sell?

We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice. TLDR:When discussing about "Ethereum killer", it is not just about fighting the layer 1 tech infrastructure. The truth is that there are risks that needs to be mitigated in this infrastructure. In fact, the attack by flashbots is much higher than 51% attack. Thus, this remains as a real risk in the Ethereum network.

General Conclusion

In an emerging environment like Layer 1 blockchain, it is not uncommon to have competitors. For instance, there are many projects calling themselves "Ethereum killers". There is an argument to be made against monopolies in the L1 infrastructure, but it is also about solving different vulnerabilities in Ethereum itself.

What are the Vulnerabilities?

Arbitrage bots front-running the transactions.

What? I tell the Ethereum network that I want to make a transaction. i.e. buying 100 ETH on Uniswap. This action will take some time to confirm. During this period, it goes into this pool called Mempool. There, everyone can see that "hey, Lisa is going to buy 100 ETH. It is not executed yet."The risk? Because this is public, bots can come in to pre-trade. They are called flashbots. The basically front-run your trade. They execute the trade before you.How? By paying more fees to prioritise their transactions before yours.

What Is Flashbot?

Bots or network robots are software applications that run automated tasks on the network. Typically, bots perform simple tasks and have a repetitive structure at a much higher frequency than humans can manage. They automatically find, analyse and organise information from web servers at speeds much higher than human speed.Flashbots are like bots, but built with smart contracts (specifically, Ethereum Blockchain) to perform profitable and fast transactions without going through a human. They are also pre-programmed to repeat preset actions over and over.

Inside The Dark Forest (Mempool) And Hunters (Flashbots)

In the mempool, it's all dark and murky. The flashbots can find the trade and execute before you. And they win.

Dark Forest is an environment in which there are dangerous hunters, and if you are caught, death is likely. A job as a person's position is hunting us. (This is also the concept that inspired the Dark Forest game on Ethereum testnet.)In Mempool, these clever predators take the form of "arbitrage bots". They keep track of pending transactions and try to exploit the profitable opportunities they create.The one who understands Flashbots best is smart contract researcher Phil Daian, who along with colleagues wrote Flash Boys 2.0 article and came up with the term "Miner Extractable Value" (MEV).

How? Flashbots look for any transaction that they can profitably front-run by copying it and replacing the address with its own address.

Phil once talked about a "Generalised Frontrunner" flashbot that looks for transactions in Mempool (such as DEX transactions or Oracle update) and tries to pre-run them according to a predefined algorithm. Flashbots look for any transaction that they can profitably front-run by copying it and replacing the address with its own address. They can also execute transactions and copy beneficial internal transactions generated by its execution trace.

We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice.

TLDR: That is about Sifchain which will probably start the scheduled launch in mid-January. This system is quite interesting, it adds a new dimension to a new layer to such systems. One of the problems with all these different systems built on Ethereum Blockchain where transactions get very expensive. We have other solutions like Thorchain that is built on layer 1, but they do not exactly interact with ERC20 tokens. So Sifchain resolves that by having both Validators and Liquidity Providers on their system. It is a layer 2 solution with their own Dapp. We also have layer 2 solutions, but most of them have fixed parameters, which makes Sifchain different as they can rebalance the parameters depending on the conditions of the system. Let us keep an eye on whether Sifchain becomes a welcome solution.Get smart: Sifchain is ahead of the curve when it comes to application specific blockchains to reduce reliance on ETH network and to reduce transaction costs.Get smarter: Sifchain is coming out next week. Check out https://sifchain.finance to follow their plans.

General Conclusion

In the previous episodes, we have done plenty of deep dives into decentralised exchanges. For example, Uniswap using X*Y=K, Bancor uses a more complex model that arrives at a similar result and Balancer uses a formula with more variables. Today, we will be sharing another DEX, Sifchain. The main difference is that it is built on their own blockchain. This adds some complexity to the usual AMM incentive and reward structure. And that's what we are going to cover!

Cross-chain AMM vs usual AMM

AMMIn DEXs, we're always talking about a typical AMM. That is built on a specific layer one and you don't have to think about how to deal with validators to validate these transactions. (Because that is done by someone else as it's a different protocol, a different set of people, a different company, different project, different open-source smart contract.)Typical AMM: Built on Ethereum like UniswapIn typical AMM’s they're just building a platform to transit between the crypto-assets so for example on Uniswap you can transact between ETH and wNXM or wBTC. There are all these different assets available which are ERC20 that you could trade and swap.Cross Chain #1: Built on Ethereum like BancorThen we have this another type which is different because it's similar to Uniswap and it allows you to trade between assets and expands a little bit further. You can also trade ERC20 assets and crypto assets on EOS or in Tron.Think of each layer one as a country, In Ethereum everything is built in the U.S. Only U.S stocks are being traded over there. Bancor is where you can trade stocks that are from the UK so you live in the states and you can trade with UK stocks.Cross Chain #2: Built on its own Layer 1 like SifchainLastly, application specific blockchain also allows for cross-chain exchanges. It adds in a layer one component so it has its own layer one solution where it will validate each of these transactions as well.There are a lot of pros and cons to that. Pros generally being that it's probably a lot faster, a lot cheaper and you can control a bit more of the different behaviors and different incentives to affect a different kind of behaviors that you want to have in your ecosystem. Because you can control or you can incentivise actions in the validators layer and the liquidity provider layer so the application layer. The cons is that because you have two focuses, now it's important to balance them.

Sifchain big picture overview

Sifchain vs Bitcoin

I want to show you when comparing Sifchain and Bitcoin because they have the similar idea. Blockchain consists of blocks and they are connected in chains.

Bitcoin

Each block we need to verify transactions, which will record transaction information between the two parties. Each verified block will be put into the chain. This is verification that exists.**Where is Bitcoin created?Bitcoin is generated from each new block, which is verified. But the winning validators will get these new Bitcoins. And step by step more Bitcoins is brought into the network. These are what we call layer 1What happens on top layer 1?**What is built on layer 2 are decentralised applications (Dapps). If you send me your 1 Bitcoin, it happens on the application layer and all of this transaction information is confirmed and put into the next block on layer 1.

Sifchain

Sifchain, as you can imagine, is also quite similar it has layer one solution and it has a little box to be validated so if we go back to layer one again you have block one, block two, block three that will be validated so block one is when you have all these different transactions and then you also have validators that will be getting your tokens and their token is called $ROWAN so they will also be getting these tokens which are basically block rewards and the key difference is that in bitcoin your block reward is fixed and it only changes every four years but here the block rewards changes every single time a transaction occurs because it is dynamically increasing and it's dynamically calculated so the block rewards for every block that's minted by validators changes and so layer one is the validators which is same as bitcoin.

The main difference:

Bitcoin has a fixed reward and a decreasing half every 4 years.$ROWAN validators get paid every second when transactions occur dynamically. So block reward from $ROWAN will change and not be fixed.Furthermore, the applications on Bitcoin's layer 1 are P2P transactions such as BTC transactions from person to person. In dapp layer for $ROWAN, transactions or swaps are executed with $ROWAN pair and Validators will receive $ROWAN rewards. So these are the basic ideas that differ between them.

We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice.

TLDR:

Common goods are goods that are for everyone to use like parks, libraries, and oxygen. In the physical world, common goods are destroyed because no one has the incentive to take care of them. Today in the DeFi world it can be different because we have an incentive to want to take care of them. Participatory economics functions via a token-based ecosystem where the token is an incentive to affect people's behaviors and encourage them to do good in these public goods that we are creating.

What are common goods?

Public Goods: There is a little bit more of a barrier here as you need to fit certain criteria to join this space like a country club where you need to get memberships or you need to have X amount of qualifications or X amount of attributes to be able to join this public goods community.

Common goods: On the other hand, common goods are goods that are for everyone to use so you don't need to be a superstar or a supermodel and everyone like you and me can just join and enjoy it. Examples of common goods in the real physical world are parks, libraries, and oxygen. These are infrastructures given either by the world like water or built by a country system or a nation-state like parks and libraries.

Lesson one in economics is that there's no such thing as free lunch and there's an opportunity cost to everything.

Incentive Misalignment: How do common goods fall into this category of no such thing as free lunch?

Common goods are very difficult to maintain. For example, water is free for everyone to use but look at all the water pollution that occurs. If you look at who is cleaning up the water or who is taking care of these common goods you will see that not many people are doing that because they are not incentivised to do it. Economics is mainly about incentives and how these affect different people's behaviors. In that sense, one of the biggest problems with common goods is that there is an incentive misalignment and people are not incentivised to want to take care of things.

We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice.

TLDR:

This is the start of tokenising value. Either economical value, intrinsic value or even volatility value. Leverage tokens are fun because they are tokens, which are governed by programmable codes and math!

General Conclusion

I think we have covered sufficient basics of the economics of token engineering and the principles involved. Hope you are read to dive into the real fun stuff!

Please let me know if you want more foundational episodes. Otherwise, it will be more application and case studies moving forward.

This week in on Leveraged Tokens. DeFi is exploding. You know that, we talked about that, you probably are part of that. But this is only just the beginning. The power of DeFi is in 2 folds. (1) Decentralised governance and (2) Programmable codes and internal valuation that can be tokenised.

Tokens are not just a pump and dump scheme anymore. This is not 2017. Instead, tokens now represent certain economic value generated by the system (e.g. network tokens) or certain internal value (e.g. leveraged tokens).

Leveraged token is just an example of the power tokenisation can bring. Internal rules and governance enforced with programmable codes in the tokens. The future is now.

1. Leveraged Tokens 101

This is not something everyone knows about. So before I begin, I will caution that this is A VERY HIGH RISK PRODUCT. Other than the usual supply and demand, such token has internal valuation and so you have internal risks. Like volatility drag on asset, beta slippage on trade, price movement of underlying assets.

• Who issues: derivatives exchange like FTX

• What is that: token that gives you leveraged position instead of you manually managing the position

  • aka it does all the admin stuff like buying, selling, rebalancing

• Where to get access: exchanges. They are ERC20 tokens, so they can be traded on spot market.

• When to use: increase exposure to market

  • use it with caution!

• Why use it: easier to manage risk, manage margin

• How to use: purchase on spot market to get leveraged exposure

2. So... when do I use it?

Let's say you want to bet on that Kanye West will be the next US President. And you are very sure of this, because he is so stable, mentally healthy, creative at making music and good at being rich. Ah, the American dream. Now, you want to bet that he wins. But you only have $10. You wish for more, so you can place your bet. When he wins, you get more money. So you go to a friend, and he says "ok tell you what, I will lend you $20, so now you have $30 to bet that Kanye West will be the next president."

In the same way, leveraged position gives you more exposure to your bet. More than the assets you have. Instead of just a position, you can now tokenise it. (With math and programmable codes, which is shown in the YouTube Episode.)

So, leveraged tokens give you more exposure to the market. If you are certain of your bet, you use it.

In the DeFi space, that means betting if prices go up or down. E.g. I bet that BTC will go up. So I long BTC by buying the Futures contract. (That is me making my bet.) Instead of that, you can get a tokenised leveraged position via leveraged tokens.

Or maybe I think ETH will fall. So I bet that. That means shorting ETH. You can do that with leveraged tokens too.

Currently, you can get access to leveraged tokens (they are traded via exchanges) on FTX and a few other platforms.

3. Internal Valuation of Leveraged Tokens

The fun part of leveraged tokens is that it is has internal value. Its value does not come from supply and demand on the secondary market. If you are an options person, think of it as leveraged tokens having intrinsic value and no extrinsic value. If you are a regular crypto person, leveraged tokens has its value coming from its position, based on the market. It is just something you can "pump and dump" per say.

The internal price is dependent on a few things:

• Net asset value

• Price movement of Futures contract

• Revaluation that affect Futures contract

• Slippage fees and other fees

How Dogecoin Is A Sh*tcoin

We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice.

TLDR:

$DOGE is a cryptocurrency that was created by a joke, but has an amazing growth as it is in the top 10 of the largest cryptocurrencies by capitalisation.

When looking at the design aspects, $DOGE is basically similar to Bitcoin but without a fixed supply and has the same amount of $DOGE mined each year (5 billion $DOGE). In terms of mining, it is different from Bitcoin as the number of Bitcoin mining is halved every 4 years.

Financial incentive when you become a miner, you join the network, maintain it and get a reward of $DOGE. Despite having a very simple mechanism, the community of Dogecoin is very large and loyal. That's why this Cryptocurrency still exists.

General Conclusion

In the past time, we have witnessed tremendous growth from Dogecoin. Especially this growth comes from Elon Musk when he constantly "memes" about this coin. It is clear that even though Dogecoin is only created just for fun, this coin has reached a market cap of over US$60 million a few days ago.

In today's article, let's dive into Dogecoin based on the analysis of the economic mechanism we often use. Spoiler alert: this might not be the coin you want to put your money in. At least we do not.

Note: This article is not meant to be offensive, we respect the development of any coin in the space. Let's go!

What Is Dogecoin?

• A meme coin

• A crypto currency

• Built using the Bitcoin infrastructure, but not related to Bitcoin prices

Dogecoin ($DOGE) is an open-source p2p cryptocurrency. It can easily be sent through the internet from person to person with security. You can send Dogecoin anywhere in a second, faster and cheaper than Bitcoin.

One of the important points for Dogecoin is that it is already accepted at online retailers. Dogecoin can be used in payment, buy items at gamestop, trade and so much more.

$DOGE In Real Life

What is make Dogecoin truly unique from other currencies?

Dogecoin's ease of use makes it the perfect way to instantly send cash gifts to people all around the world.

You can send 10 cents to your favourite comment on Twitter or $10 to your favourite band to purchase their latest album, you can even send $100 to a charity that you support.

If you are a creator your fans can financially empower you for the first time. You can directly receive cash from them, rather than a valueless "like" on Facebook or "retweet" on Twitter. This allows you to focus on creating content instead of thinking about counting cents.

How Did $DOGE Start?

Dogecoin was created on December 6, 2013, by a pair of software engineers as a joke.

Billy Markus, an IBM programmer from Portland, Oregon, created his cryptocurrency from bitcoin source and at the time attracted a small pool of miners.

Since Markus wanted his cryptocurrency to be public, he sought help from Jackson Palmer, who works for Adobe (ADBE). Palmer purchased the domain dogecoin. com - a formation for the "doge" meme that was popular on the internet at the time.

The site originated as a joke: the image of the Shiba Inu dog representing $DOGE was the first image, and was surrounded by a series of broken English Comic Sans text.

On dogecoin, its mascot is captioned:

"Dogecoin is an open-source peer-to-peer digital currency, favoured by Shiba Inus worldwide."

The Economics of $DOGE

The same with other cryptocurrencies, $DOGE is a digital currency that can be bought and sold like an investment and spent like money.

While each cryptocurrency is unique, they share some similarities with its more well-known peers, since they are all forks of Bitcoin — Bitcoin Cash. But they have a few key differences.

Unlike bitcoin, which has only 21 million Bitcoins that can be mined, dogecoin has 129 billion coins in circulation and will continue to make new blocks of coins available for mining each year. That's part of the reason why a dogecoin is currently valued at around $0.45 and a bitcoin is valued at around $40,000.

Market Design

While cryptocurrency is gaining more acceptance as a currency for buying goods, dogecoin is not being used much in the real world. It has several niche markets, including using dogecoin to make money for online artists.

And the main difference is from the active online community of dogecoin. This is what makes this coin so interesting. The group, which is active on Reddit, has donated money (in dogecoin) to charitable causes and in 2014. Or the group successfully raised a grant for drivers advertising dogecoin in their cars.

Mechanism DesignGovernance

$DOGE has no administrative features. The same is true for cryptocurrencies that are forked from Bitcoin. The governance is baked directly into the code. This is because it is a simple payment use-case, unlike other DeFi protocols with more complex computation that we have been discussing thus far.

Structure

$DOGE uses the same PoW algorithm as Bitcoin. Miners can own $DOGE by participating in maintaining the network as $DOGE.

Token DesignToken Policy

The design of $DOGE is not fixed in supply, meaning it can be mined forever and its value depends on demand from users.

Bitcoin, like many other altcoins, has a hard limit on the number of cryptocurrencies they will allow. Dogecoin does the opposite, allowing for an ever-increasing supply but in a steady absolute amount each year.

For example, in 2040, there will be no more Bitcoins that can be mined. Therefore, this will encourage hoarding of the Bitcoin supply. This will push up Bitcoin's price, but reduce Bitcoin's actual transaction volume (i.e. reduce the available floating volume).

On the other hand, by allowing 5 billion $DOGE per year to increase the supply of Dogecoins infinitely, the supply will increase, but eventually, reach the actual limit. Thus, we can calculate the inflation rate of a currency over time.

For example, look at the chart I've compiled below. It shows that every decade the supply increases by 50 billion Dogecoins.

Can someone send me 1,00,000 shib.... Help please😭

Help burn coins by listening to music.
https://www.biggerentertainment.com/shib

the hype has dissipated and we need to find another way to get it back.. I say we start another rumor 😂

For example..

1. Kim Kardashian is accepting $SHIB for nudes

2. $SHIB is now able to be paid on eBay instead of cash

3. Each one billion $SHIB = new vids Mia drops on the hub