
Sports enthusiast. Prev @routerprotocol | cofounder @stakeease. Ex MMA fighter & pro tennis coach | Beach Tennis Tour Player
Joined August 2019
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I'm appealing to the broad crypto community.
A good friend has just been diagnosed with acute leukemia and a GoFundMe has been set to help his family overcome the hospital expenses.
Any donation is greatly appreciated. Maybe a good way to spare some of your @Lighter_xyz and @HyperliquidX airdrops.
gofundme.com/f/help-raise-fu…
Comparing China and the West always ends with the same dilemma: community well being over individual success or individual success over the community’s?
亲爱的西班牙朋友,感谢你真诚的留言。我欣赏你这句话:“一種制度犧牲穩定性來換取自由,另一種則犧牲自由來換取經濟。”
我不是故意要跟你唱反调,我只是想借着这个话题,向网友们继续谈谈我对言论自由的看法。
对西方的言论自由观,我有一半肯定,一半保留意见。
肯定的部分,就是你说的那句话,两种制度各有优劣,但我们迫于发展经济的优先级,选择了当前制度。
虽然中国现在取得很多工业、科技上的成就,但中国是一个人口大国,从人均财富的角度去看,我们仍然只是一个发展中国家。
对于我们这样的国家,绝大多数民众的诉求,是提高人民生活水平。至于言论自由,其重要性要排到经济发展的后面。
当然,我这里说的言论自由,是迁就你们的定义。在我们中国人看来,中国有言论自由,只是缺少了言论自由中“可以辱骂政府和领导人”这部分。
我必须做这个澄清,因为我并不主张为了发展经济,可以对言论自由做无限的退让。我们可以牺牲言论自由中的一小部分,但我坚决反对极端的言论压制。
(当然,我的反对属于多余,因为如果采用朝鲜那样的言论高压政策,根本也就没可能发展经济。)
基于中国人的实用主义观念,或许在我们实现人均意义上的富裕之后,我们会重新考虑自由诉求,可能会提出西方概念的言论自由要求。
但,或许不会,这取决于中国未来能发展到什么程度。
这就是我想说的,关于西方的言论自由观,我有另一半保留意见。
我们做一个猜想,假设未来的中国可以实现生活水平的极大提高,并率先实现诸多高科技。
例如,两座1000公里的城市,通过超音速列车在半小时内抵达;每个家庭都拥有高度智慧的人型机器人管家;我们开始在火星建立移居区,在小行星上开采重要矿产……
假设中国能够率先实现这些,那么我们不会认为这个制度需要作出改变。
当文明拉开代差,我们就需要重新评估我们当前对自由的理解是否恰当。我们不该抱着这种观念:无论如何,没有“骂政府的自由”就是不对的。
事实上,西方言论自由出现的历史非常短,但当我们翻开人类史,我们就可以发现,人类文明的进步,就是一个不断用个人自由,去换取社会文明进步的过程。
在原始部落出现之前,人类的个人自由几乎无限多。一个出现在荒野上的原始人,他想干什么就干什么,没有任何社会规则来约束他。
但此时的他,面临饥饿和危险,生存条件极端恶劣。
后来出现了原始部落,大家约定,男人负责打猎,女人负责照料孩子。夜里,有人轮流放哨,防止野兽突袭。
这时,人类社会的雏形就形成了,规则于是伴随而至。
一个人不能想打猎就打猎想睡觉就睡觉了,他必须服从集体的安排,该打猎的时候,他不能去睡觉。如果他不遵守集体的规则,就会被赶出部落,回到饥饿和危险的生存状态。
这是人类第一次用让渡个人自由的方式,换取社会文明的进步。或者说,人类用牺牲个人自由,换取了免于饥饿、免于恐惧的更重要自由。
后来,随着社会的发展,越来越多的社会规则相继出现,人类也接受了越来越多的秩序规范要求。这个过程中,个人自由的退让是十分值得的,因为换来了更多的其他自由,使得自由的总量大大提升。
所以你看,人类在每个阶段,对自由的需求是不同的。
在原始部落,个人的行动自由,被视为不重要的,填饱肚子的自由、免遭野兽袭击的自由,更为重要。
现在,我们被剥夺了在公路上超速飙车的自由,换来了所有人的安全自由。我们被禁止自由改变房屋的外观,换来了社区建筑的视觉美观。
禁止改变房屋外观,这在二十年前的中国是不可想象的。人们会说,凭什么啊?我自己的房屋,我为什么不能改造?但现在,人们一致认为这很有必要,因为社区的整体美观,能够提高这个社区的房产估值,对所有居民都有利。
从这里我们可以发现一个规律:一种自由需要保留、争取,还是可以舍弃、必须舍弃,人类从来都是用发展的目光在权衡的。
那么,西方观念的言论自由,也即可以骂政府的自由,它是否必须坚定地主张和倡导呢?我没有答案,因为我不知道未来的人类社会,会演变成什么样子。
所以我想说的是,我们不要急于对人类当前的价值准则下结论。
西方现在在这套价值观之下,能够拥有领先的社会发展水平,那么是的,你们为什么要舍弃骂政府的自由呢?我也看不出你们舍弃这种自由有什么好处。
但未来,就不一定了,这个变量就在中国。中国能不能用自己的制度实验,证明人类可以拥有更高的文明形式?
至少,我目前无法断定中国必将失败。
If Netanyahu wins the elections after trailing in polls and exit polls, will the right claim the elections were rigged?
Why is every election between someone who will do his/her best for the people and a despicable human being ur mum would forbid u hanging out with
Call me simple but Flavio Bolsonaro lost the elections when he apologised to Lula in the last debate.
His followers cannot imagine a tyrant who shows kindness and regret
There are 2 options in Iran at the moment:
1) The US attacks Iran - Iran starts bombing the shit out of other countries targeting civilians - Israel enters the war - Big kaboom, big problem - GOP is cooked
2) Suddenly at the last minute Trump announces that talks with Iran are underway - he claims the war is over - Republican mini push in the midterms
Im leaning towards 2
Cuando le preguntas a la IA sobre el resultado optimo de las elecciones en España nos dice ke estamos jodidos
Papertrade downfall is one for the history books.
In a week:
> TVL -60%
> Revenue -90%
Now just slowly stop tweeting about it and it's gg wp @izebel_eth
Soy español.
No quiero a @antigitans en España
First they sell pants at $2k (who the fuck bought those anyways), then they rug the launch, then they rug the token
A note on transferability.
Papertrade is a complicated primitive, and managing it from a risk standpoint is a complicated problem. The PAPER token is far more integrated into the economics of the primitive than most tokens are in their respective protocols today, and, broadly, was designed to act as a counter insolvency incentive coupled with a rebate mechanism to losing traders. Market makers and exchanges are by far the two most profitable businesses in crypto, and our goal was to try and externalise as much of their margins back to users as possible. We are now just over a week into the life of papertrade and we are becoming increasingly confident that this is both possible, but also a likely outcome as agentic led software becomes the norm.
As it stands, the paper token traded as a perp becomes a leveraged bet on bankroll solvency - and being able to short bankroll solvency materially changes the payoff curve of a manipulation attack. The target number goes from the bankroll, to the bankroll + short side exposure on paper. We can, and do limit bankroll size specifically to control this payoff curve and ensure it never becomes existentially problematic, but external perp markets are not something we would have any control over if left to float of their own accord. For example, if our bankroll is $10m, an attack costing $15m manipulating the price of bitcoin or ether is not viable. You simply lose money. If however you were also able to put on $10m of PAPER short side exposure, suddenly an attack costing $15m is very viable indeed.
If we were to make the token transferable at this point, we are confident we would quickly enter a state too dangerous to allow any material exposure to be taken on papertrade, an end result that benefits no party beyond the wolves who have done the math on the short and are waiting in the wings with sharpened knives.
We would also like to thank the various perps teams who have reached out about pre-market listings for their understanding and patience regarding this issue, and especially to the paragon team who, despite jumping the gun on us, have behaved with the utmost integrity and transparency once a dialogue was opened.
Perps on PAPER will always act as a self-limiting exposure ceiling for a token with this type of utility, and we think it would be a shame to limit the growth of papertrade to the extent that allowing perps would necessitate. As such, at this juncture we do not have plans to allow off-contract token transferability.
Structurally, papertrade is limited by the quality of the data it receives from hyperliquid, but we strongly believe that hyperliquid has a very large part to play in the future of global exchanges, and expect their books to continue to thicken and strengthen over time.
A note on fees.
Papertrade launched with a deadband fee from entry of 0.2bps. This means you don't earn anything until the price has moved by 0.002% in your favour. Over the months before launch, we played around with many different curves and fee structures affecting exclusively positions closed very close to entry price in order to try and devise a structure that removed the edge against the bankroll low time frame scalp bots have, whilst also minimally impacting the traders around which and for whom the product was devised. We were never able to find anything we were absolutely happy with and so decided to stay with the 0.2bp deadband fee through launch. This has however meant we have had to be very restrictive when it came to certain parameters, such as OI caps.
Now, however, we have enough live data to fully understand exactly which strategies work, and to make the necessary changes to stop them. The changes we are making will have an on hours and off hours fee mode to account for the relative differences in liquidity the hyperliquid books see between these two time periods, and the ease with which low time frame moves are signalled. The changes we are making will only affect positions closed within 6bps of entry (0.06%) in on hours, and 10bps (0.1%) in off hours. Any trades closed above these threshold price shifts will see no change to their fees at all. On a look back to launch basis, these changes affect the profitability of bot strategies roughly 15x more than they do normal traders, for whom a very small proportion of overall winnings come from within this band.
These changes should serve to flatten much of the edge our microfee structure necessarily creates on low time frames, and will help with long term exchange sustainability. This should hopefully allow us to open up parameters such as OI caps a little more so those of you who wish to can put on the size you want to, when you want to.
It is possible these changes are still too lax, and that further revisions to this structure may be necessary going forwards. If so, we will notify users ahead of time.
A note on paper tokenomics.
In conjunction with the fee changes, we will also be implementing a change to the token issuance curve.
Going forward, every $1 lost mints a fixed share of PAPER's supply at that moment, roughly 0.1% of supply per $1M lost (the exact number depends on the mint rate at the time the contracts are upgraded). PAPER minting in and near insolvency will also change, switching from a flat 100 per $1 of loss, to a time weighted multiplier on the curve growing over time, effectively acting as the house running a discounted auction on its own future cash flows. This change also removes the risk of the paper-mint-straddle-attack, temporarily pushing the protocol insolvent by closing only the winning side of a large straddle position and then attempting to mint as much paper as possible.
In the immediate term these changes will only have a very subtle effect on PAPER minting, but in the long run will structurally change the outlook of the system beyond the first few weeks, serving to slowly dilute out older holders and leaving more recent users with an advantage. Reconstituting the PAPER system into something much closer to the exchange rakeback it was intended to be.
We have been very reticent to touch this particular aspect of the system for obvious reasons, but ultimately we believe that these changes provide all users with the optionality to take a smaller piece of a potentially much larger pie than the current dynamic might necessarily allow.
Other, miscellaneous notes.
These contract upgrades will include a few other contract changes, including the addition of builder codes so that builders can utilise papertrade in whatever capacity they choose to. This will be a whitelist only to begin with and we will have more for you later in the week on where/how this will be rolled out. A small change to contract permissions on the reward distributor and a change on how below bust closes are processed by the exchange are also included, largely to block gas griefing attacks.
These changes will be pushed to docs in full over the coming day, and we will further announce once the changes are queued into the timelock pending final security passes, scheduled to go live 24 hours after that point.
Final note.
We'd like to thank everyone that has tried out papertrade over the last 10 days. It has been a labour of love building this product and both of us have been taken aback at all of the positive feedback we have received. We'd also like to thank all those of you who have spent considerable time musing on the system we have built, and much of your advice has been taken onboard and will likely affect the colour of what papertrade becomes going forward. We know some of these changes will be unpopular with some, but we would not be making them if we did not feel them to be absolutely necessary.
- blurr, jez
Dont worry! With Bolsonaro in power Brazil will revert this in no time and large parts of the Amazon will be destroyed again
Brazil registered the lowest Amazon deforestation rate on record over the past year, allowing President Luiz Inácio Lula da Silva to claim success on a key issue that’s been at the center of his platform bloomberg.com/news/articles/…
Gotta love how everyone is blaming the left for the riots in France when they have a conservative government
Esto es literatura y lo demas tonterias














