zb retweeted
Why am I so bullish on Solana?
Yes, part of it is b/c I now have a massive bag, but more importantly it's the closest thing I've seen to a blockchain with web2 economics & scale.
I love distributed systems.
But I couldn't wrap my head around ETH dev back in 2017 when I knew the final product would still feel like some obscure underground slot machine where people had to pay $1 each time to use it.
It didn't feel like CompSci to me. And also I was still a poor college student.
But Solana is different. My HFT/trading friends were talking about how it's the NASDAQ but fully permissionless. You could build anything on it, and it would be globally available for <$0.001.
It felt like Solana was a blockchain done right. No limitations on scale or economics, just bleeding-edge engineering & cryptography in harmony.
zb retweeted
Been working with @CelestiaOrg since 2021, it's an innovation on par with Bitcoin, Ethereum, Cosmos & Solana in how it expands, and moves crypto, forward.
zb retweeted
Orca generating majority of fees across all Solana DEXs
Arguments floating around Twitter surrounding markouts mischaracterize how CLAMM's actually work
CLOB maxis misunderstand who the actual users of CLAMM's are. Arguments using markout implicitly assume that liquidity providers are essentially passive and are blindly hoping to make money by throwing it into the pool. We've seen from the data that this assumption was never true. Liquidity providers can be profitable, even on competitive pools like SOL/USDC, and even accounting for divergence loss
CLOB maxis have also accused Orca of hiding divergence loss. We've always made the risks of divergence loss clear in our UI. Furthermore, in the Liquidity Terminal, Orca makes the relationship between yield and divergence loss explicit. From both our own calculations, and speaking directly with liquidity providers, we've found that active liquidity providers who understand the markets are making profits on Orca, often consistently
The twitter algo rewards shit-stirrers. You can listen to them, and miss out on the fun. Or you can try the Liquidity Terminal, and compete to earn some of Orca's fees. Which, btw, is the majority of fees generated across Solana DEX's
zb retweeted
The Great Irony of Crypto
1: Invent Bitcoin to disrupt the US dollar & central banking
2: Invent stablecoins to streamline onboarding
3: Invent next gen blockchains to disrupt trad payment networks
4: Mint stablecoins on next gen blockchains to proliferate US dollars globally
zb retweeted
NFTs made it to @TheSimpsons
We are back 馃
Lol Simpsons episode after football is about NFTs. Homer makes an NFT of Bart, marge travels on chain to save him.
It has a cameo from: The Goose by @dmitricherniak , Everydays and Human One by @beeple, Coin for the Ferryman by @XCOPYART and BAYC lol.
zb retweeted
Some serious new innovations are going to come to NFT trading from us in the next couple of weeks.
New mechanic, don鈥檛 think we鈥檝e seen anything like it, yet it makes so much sense.
zb retweeted
The recent spate of negative commentary targeting @muratpak is unfortunate to observe. It's valid to acknowledge some missteps, and indeed, constructive criticism and a collective quest for solutions are vital. However, negating Pak's monumental contributions while doing so only exacerbates the issue.
A notable fraction of those casting stones now are seemingly searching for a scapegoat for their own decisions, failing to recognize that the challenges at hand are more a reflection of the market and community dynamics, rather than an individual's actions as some narratives suggest.
The magnitude of Pak's contributions to the digital realm is, in my view, unparalleled. Since stepping onto this stage, Pak has consistently been a trailblazer, pushing the frontiers of digital innovation. Whether it's the technical marvels showcased in @SuperRare and beyond with the 'click to' series, 'Mono Lisa' (@Pixelchain_Dapp) , 'The Tribe' (@AsyncArt) or Fade (@Sothebys) ; the thoughtful exploration of conceptual digital art; the introduction of open editions (@niftygateway) ; the challenging of fungibility norms; the smart contract ingenuity, or the technically exquisite AI pfp collection of Lost Poets - Pak's technical prowess and creative foresight stand head and shoulders above many in the space.
I have shared my candid views with Pak and believe that a blend of acknowledgement and actionable steps from them could steer us towards resolution. Once this storm of negative sentiment subsides, I am convinced that Pak will be etched in history as one of the seminal creators of our time, whose contributions leave a lasting imprint on the digital art landscape.
zb retweeted
People are entitled by holding a piece of art in web3 they want quick returns and value they don't ask themselves why they collect a piece of art most are blind to see the real innovation and importance of something until it is important enough to matter which happens years after
The recent spate of negative commentary targeting @muratpak is unfortunate to observe. It's valid to acknowledge some missteps, and indeed, constructive criticism and a collective quest for solutions are vital. However, negating Pak's monumental contributions while doing so only exacerbates the issue.
A notable fraction of those casting stones now are seemingly searching for a scapegoat for their own decisions, failing to recognize that the challenges at hand are more a reflection of the market and community dynamics, rather than an individual's actions as some narratives suggest.
The magnitude of Pak's contributions to the digital realm is, in my view, unparalleled. Since stepping onto this stage, Pak has consistently been a trailblazer, pushing the frontiers of digital innovation. Whether it's the technical marvels showcased in @SuperRare and beyond with the 'click to' series, 'Mono Lisa' (@Pixelchain_Dapp) , 'The Tribe' (@AsyncArt) or Fade (@Sothebys) ; the thoughtful exploration of conceptual digital art; the introduction of open editions (@niftygateway) ; the challenging of fungibility norms; the smart contract ingenuity, or the technically exquisite AI pfp collection of Lost Poets - Pak's technical prowess and creative foresight stand head and shoulders above many in the space.
I have shared my candid views with Pak and believe that a blend of acknowledgement and actionable steps from them could steer us towards resolution. Once this storm of negative sentiment subsides, I am convinced that Pak will be etched in history as one of the seminal creators of our time, whose contributions leave a lasting imprint on the digital art landscape.
