Bankless SotN#10 - GAMING (MONEY GAMES - YAMS NOT DED, CRV LAUNCH FAIR, MAXIMALISM GETTING DUMBER?)
Aug 19, 2020
Dive into the evolving world of gaming and decentralized finance! Discover the innovative ownership model of Gods Unchained and Aave's lending breakthroughs. Explore the rise and fall of YAMS in the DeFi space, emphasizing governance and speculative risks. Unpack the implications of Curve's surprising token launch and the dynamics of betting in DeFi. Plus, a heated discussion on Bitcoin versus Ethereum reveals insights into accountability and community dynamics. It's a wild ride through money games and the future of finance!
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Ethereum: A Money Game Landscape
- Ethereum is a money game landscape with various protocols offering different moves and strategies.
- Each protocol introduces new valid "moves" enabling wealth maximization strategies.
The Reality of Money Games
- The value and legitimacy of a money game comes from people actively playing it.
- Crypto, like traditional money, relies on the belief in its scarcity and store-of-value properties.
Rule One: Stay in the Game
- Prioritize staying in the game above all else by managing risk effectively.
- Avoid risking all your resources, as losing everything means game over.