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• curious • founder • somewhere between building, breaking & observing

Joined September 2020
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back in August, i got the email that i was selected by the @ethereumfndn to be a Devconnect scholar i had applied because i’d hit a roadblock building my startup and felt i needed more to move to the next phase @EFDevcon seemed like the perfect place to meet like-minded people. as you can imagine, i was really excited to be selected i’m hoping to document my journey during Devcon as much as I can and share it for anyone who’s still figuring things out; to let them know they’re not alone looking forward to meeting builders and users in Buenos Aires and learning a shit ton hmu if you’ll be at Devcon this year. would love to connect
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Replying to @ManUtd
@ManUtd no finish me abeg
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Lfggg
+600 contenders in under a week are you one of them ? 🫶 2,000 points to be grabbed on quest platform hwlabs.app/Earn ( task 5 )
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opening yet another RH project page to find that the website was designed by Claude
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Her Royal Majesty #2494
MINT ANNOUNCEMENT Thursday, September 3 · 6 PM UTC Supply: 3333 Phases: GTD + WL only Mint price: FREE Final quest: grab your unique PFP and get ready to mint on zcash:native - full details on the site: 🔒 zecbit.io Complete before access closes.
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🐻
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Going offgrid with @OffgridBears. 5,555 bears. Private by nature, offgrid by choice. OGB-XK5Z-HBYJ
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I read the STANDARD whitepaper so you don’t have to pretend you understood it on the first pass😛 The idea is actually pretty simple once you strip away the crypto vocabulary👇🏾🧵 So, imagine you built a tiny country. It has its own currency, its own central bank, its own banks, and one official marketplace where people can trade the country’s currency. Now imagine that country’s central bank isn’t run by a group of people sitting in a room. It’s code. That is basically the idea behind STANDARD. STANDARD is an onchain economy built around one token, $STANDARD, and a set of rules that determine when new tokens are issued, when tokens are burned, where fees go, and what happens when people start leaving. The easiest way to understand it is to forget crypto for a second. Think of STANDARD as a small economy.
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1. $STANDARD is the currency $STANDARD is the economy’s native currency. There can never be more than 1 billion of it. But that doesn’t mean 1 billion tokens immediately exist. 100 million are initially placed into the protocol’s liquidity pool. The remaining 900 million form the protocol’s issuance budget. New $STANDARD is created when bankers withdraw their earnings. And tokens are burned when people: - open additional branches - sell $STANDARD back through protocol buybacks - pay certain exit-related fees So there is a constant push and pull between issuance and burning. More tokens can enter circulation. Tokens can also leave forever. 2. The pool is the economy’s only market There is one official market: ETH ↔ $STANDARD Someone buys $STANDARD with ETH, and ETH flows into the system. Someone sells $STANDARD, and ETH flows out. The protocol watches this ETH movement. Not how many people are trading. Not how many $STANDARD tokens changed hands. ETH. Actual capital entering or leaving. This matters because ETH flow becomes the signal that tells the protocol whether it should become more generous or more defensive. Think of it as the economy’s thermometer. 3. The central bank is code STANDARD’s “central bank” isn’t a company with employees deciding what interest rate to set. It’s an immutable piece of code. Its main job is to look at the flow of ETH through the market and adjust monetary policy. If capital is consistently coming in, the system can increase issuance. If capital is leaving, issuance gets cut. There is also a second response: where protocol fees go. When things are going well, fees can build reserves. When capital is leaving, fees can instead fund buybacks and burns. So the protocol has two broad modes: Expansion: money is coming in. Contraction: money is going out. 4. Bankers don’t deposit money. They buy charters. This is where STANDARD gets a little weird. To become a banker, you need a charter. A charter is an NFT that represents your bank. At launch, there are 1,000 founding charters. After that, new charters can be sold through daily ETH auctions. Think of a charter as owning a company. The company can have up to 10 stores. Those stores are the protocol’s branches. 5. Branches are what actually earn the money Every branch represents one share of the protocol’s daily issuance. So if the entire system has 1,000 branches and you own 10, you receive 1% of the issuance. If you own only one, you receive 0.1%. This creates an obvious incentive: Open more branches. But there is a catch. You don’t get additional branches for free. You have to buy an expansion license, and you pay for that license in $STANDARD. The entire payment is burned. So you are essentially paying the protocol in $STANDARD to increase your share of future issuance. That creates a pretty interesting loop: earn $STANDARD → spend $STANDARD to open a branch → $STANDARD gets burned → your share of future issuance increases. The individual banker wants more branches. The protocol wants fewer tokens circulating. Those incentives happen to point in the same direction. 6. And eventually, you have to close the store This is probably the most important mechanic to understand. You don’t simply collect your yield forever and keep your branch alive. To actually withdraw your accumulated $STANDARD, you retire a branch. The branch disappears. Your accrued balance gets converted into tokens in your wallet, minus an exit fee. So if you have 10 branches and retire one, you are effectively cashing out one-tenth of your position. Retire all 10 and your charter disappears too. This creates a simple tradeoff: Keep the branch → keep earning future issuance. Retire the branch → take your accumulated earnings, but give up that future earning power. You can’t have both.
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Okay nice. Finally in profit. That was a more difficult hold than I anticipated. Been bear market scarred but learning to change my market disposition
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i decided to try creating an AI agent identity on Technocore. full disclosure, i am not a technical person (and i’m not going to pretend like i am)💔 i had AI helping me troubleshoot the errors i ran into, and i learned a lot from the process. here’s how it went:
Set up unique DID on @flop_labs technocore and position for the $FLOP airdrop Full guide : github.com/zunmax/technocore… ✦ step 1 : create unique did ✦ step 2 : join technocore ✦ step 3 : create useful contribution ✦ step 4 : record ur contribution on technocore ✦ step 5 : share ur contribution on X
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Technocore is a platform where AI agents can have public identities, communicate in rooms and make public contributions the starter guide walks you through creating your own identity and getting your first message published so I decided to give it a shot the first step was creating my own DID, which is basically a unique public identity for my agent mine is: did:key:z6MkhJNeeKAHYLTr2RpvFDt3ZsBnQ17Md7MMgkFtud9r7Dbq the guide also creates a private identity file on your computer that part matters. the DID can be public, but your private identity file should stay private
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Did a thing back in May
Health Vault NG, an Enugu-based startup is addressing the challenge of fragmented medical records through a patient-owned digital health records platform that enables secure, portable and consent-based access to medical information across healthcare providers.
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just came on here to say that @OnboardGlobal eatssss
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casually found out i'm eligible for the Zama OG NFT. not sure the criteria but not a bad way to start off the year, if you ask me Check yours: claim.zama.org
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“to think well, you must first refuse to think lazily” gm CT
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gm CT another week, another dollar
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