Wish I had time to write blogs, I loved doing it even though its super time and energy-intensive for me personally. The Smoke and Mirrors ones in 2021 for example took 40+hrs..! On the bright side, its very cool to create a piece of content and years later ppl randomly stumble on it and it still impacts. Content creation is pro-scalability. One day.. 🥲
I was researching the mechanics of defi protocols and I came an article, a series rather, "OF SMOKE AND MIRRORS" part I and II written by @gametheorizing. he highlighted the three laws of thermo-ponzinomics and the ten ponzi cOHMandments(yes, you read that right) if you have ambitions to successfully grift people while taking minimal blame, stay tuned. first, you must understand the three laws of thermo-ponzinomics: 1. The amount of money in an isolated system can be redistributed in PvP fashion but cannot grow more than the amount that is put in thus; while there can indeed be individual winners, it is only at the expense of participants who lose. 2. The entropy loss in an Closed System keeps increasing over time meaning: Running costs, fees, inefficiencies, exploits, gas, etc, steadily degrade value inside the system. Over time, more value is lost to “rent-seekers” than captured by participants. 3. As the amount of money in the system starts to decrease, the activity of the system spirals down to zero alongside it. in other words, once inflows can’t cover losses (entropy), the system enters a death-spiral: fewer new entrants, shrinking volume, declining yields, collapse of momentum. NEXT: you must establish a front: you must make sure that when push comes to shove, you're not caught pants down. Retaining plausible deniability is key. so it is important to have an effective Front Organization for your business an example of a front "we are the reserve currency of defi" "we are the liquidity hub on sui" momentum/mmtfinance type shii( fk $mmt) now, you are ready for the next step(drumroll pls): the 10 cOHMandments I. “Get absurdly high, On your APY %.” Promise ridiculous APYs. Not to sustain them, but to bait liquidity and attention fast. II. “Never Keep No Calculator on You.” Discourage math. If holders start calculating dilution, runway, or supply growth, the magic dies. → Ignorance is the moat. III. “Larp like a waifu, Say ‘funds are safu’.” Act cute and trustworthy. Say everything is secure, decentralized, protected, even if it isn’t. → Confidence theatre prevents panic. IV. “Mint millionaires fast, And their loyalty will last.” make early insiders get life-changing gains. They become evangelists because they already won. → Make a few people rich so they recruit the rest. V. “Never Let ‘Em Know, How much pOHm you hold.” Hide insider balances. Opacity keeps whales from being seen as exit threats. → If they knew who could nuke the price, they’d never enter. ( I hate $mmt, bruh) VI. “Real utility? Dead it. You think a degen cares? Forget it.” Don’t bother with real product or business value. Degens want dopamine, not long-term usage. → speculation > utility VII. “‘Memes and Airdrops’ is the daily routine.” Keep the timeline busy. Constant memes, announcements, airdrops, lore. → Attention is the core resource. VIII. “Don’t pull the rug, Just hide losses under it.” Never openly nuke the project. Slow dilution, treasury rotations, rebases — hide the decay in complexity. → Death by slow bleed looks like “development.” (if this is staring to sound too familiar, you've either been grifted in the past or have grifted people) IX. “Spaghetti at the wall postpones a downfall.” When cracks appear, change the narrative. New tokenomics. New roadmap. New utility claim. → Rebrand failure into “iteration.” X. “If forks don’t pay, Attack them all day.” Kill alternatives to control narrative dominance. Mock, discredit, or drown out competitors copying the model. → He who controls the meme controls the flow. bro to bro, if this inspired you, let me know. so i can avoid you. kek. funny enough, some protocols launched on ethereum ended this way. I'm not even going to mention solana, PTSD🥲 I'll attach the articles' links in the cs🙂‍↔️
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