
with an intuitive sense for system design and a yearning for freedom I build @saneinthembrn |—| scalable decentralization needs a competitive product
Ethereum
Joined August 2014
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I've spent 4 years building a stablecoin that can actually scale without a centralized backdoor.
No, not Liquity. It fails without USDC.
1. The peg premium is an exit fee nobody priced in.
$LUSD traded 1–3% above peg continuously for ~2 years. Excess demand is great in every scenario that isn't a stablecoin with borrowers.
For a borrower, repaying at a premium is an unpredictable exit fee that can turn a profitable strategy into a 3-year forced hold.
No, BOLD doesn't fix these dynamics.
2. ETH-only collateral means supply can't chase demand.
The overpeg in #1 is due to the lack of collateral options. When the only lever is more ETH, each unit of supply is more volatility and more liquidation risk for the protocol. Between scale and safety, Liquity chose safety.
Swap ETH for BTC and it only delays the inevitable supply ceiling.
3. The dilemma: the obvious fix is the thing Liquity refuses on principle.
All the problems route back to Liquity ignoring the need for the system to scale, yet the solution is sacrilegious. New collateral assets are required and all roads lead to USDC.
Every stablecoin has chosen between sleeping with USDC or banning it. The last 4 years has been spent finding a third way: @saneinthembrn, scaling without succumbing to the censorship arm of Circle.
The full breakdown of why Liquity fails & why BTC isn't the answer ↓
“While the act of creation is inherently satisfying, there’s a danger: one might find satisfaction in the labor itself and mistakenly believe that a high-quality piece of work has been created,” he said.
very insightful comment from miyamoto
Nintendo’s Shigeru Miyamoto, the acclaimed designer behind Super Mario and Zelda, has explained why he believes generative AI won’t make human creativity obsolete.
"There will always be a role left for us to play."
videogameschronicle.com/news…
My liquidation forecasting tool is getting close to production ready yet but I've learned 3 neat insights in the meantime.
1. Save data in github repos
This way all agents (especially cloud agents) can see it and I can efficiently use my free API tiers without constant requeries.
2. Neural nets are not the best
I assumed the complexity of the brain would allow for easier forecasting but paired with the actual lack of price data for crypto (new industry), they dont impress. The model that works best overall is a filtered historical simulation.
3. The end-product is likely a router
Neural nets aren't useless, they are actually our best model for altcoins over 12 hrs between 2-10% changes. Therefore research into various models enables specialization and an overall better product.
I'm still searching for the holy grail but I'll share it the moment there is a tool that is confident in its answers (we are very close). Follow so I can give it to you asap.
trix retweeted
We finally have an explanation for “Facebook is listening to me through my phone”. They’d never do that (and it’s not really possible).
Turns out literally everyone else was — and then selling that to ad data brokers.
WTF, $3000 Samsung TV has an always-on mic, automatic content recognition, geo tracking, network mapping, and ships your data to Samsung + 400 partners.
Bro Rooted a brand-new 2025 Samsung TV after noticing absurdly targeted ads.
Firmware was locked down, so zero-days it was.
Got a root shell.
then found: always-on voice service, ACR, geo, full telemetry pipeline, and four separate DRM systems.
This isn’t a bug, It’s the product bro.
trix retweeted
Caring is the moat, you should feel visceral pain when things are bad or broken and stop at nothing to fix them
trix retweeted
The world will always bring you down to the average
Your job every single day is to wake up and ask yourself “why not me” then go get it. The prize is there just waiting, no one is guarding it but people around you will tell you it’s unrealistic.
Who wants to live a realistic life anyway? Realistic is looking at past performance not the future. Build an unrealistic life for yourself
have the audacity to look at a one in a million outcome and become personally offended that you’ve been expected to rule yourself out. there is a human being somewhere who is going to accomplish what everyone else has already decided is unreasonable. go become that human being. make them explain how the hell you did it.
2020: Dropout of college to teach myself CS & leave my internship in defense contracting
2020: Get into forex trading & lose $800 chasing XRP news
2021: Start investing in crypto and put 15k in Terra
Jan 2022: find a cofounder to bootstrap a lending protocol on Terra after being tired of spectating
May 2022: Lose 30k in UST's crash and go heads down into building our now decentralized stablecoin protocol to fill the gap.
March 2023: ghosted by cofounder 3 days into our audit process (still haven't heard from him).
October 2023: launched @saneinthembrn solo on Osmosis. Governance bug freezes contract upgrades for 3 months.
2024: Bank account at $300. Surviving off birthday money.
2024: join my parents' window cleaning business as the first employee. working every hour of the day to keep both businesses alive.
2025: Migrate to Neutron. 6 months later Neutron loses the core team. Migrate back to Osmosis? Osmosis loses the core team. Peak TVL: $500k
January 2023-2026 is a blur. But I learned so much along the way and I'm still learning.
1. Idealogy is part of the market, not the wedge itself. Decentralization doesn't sell. Be different.
2. A product with no audience doesn't exist. I'm focused on content creation for organic reach.
3. Shortcuts and the search for them will only set you back further. I'm becoming the person who can be a vessel for my future.
Migrate to Ethereum mainnet? Pending.
trix retweeted
I think many of us working in tech tend to forget that the reason software engineering vs other engineering fields pays (a lot!) more, is a lot more flexible (WFH/remote), and has better perks:
Because this field changes much faster than other engineering fields. The premium is because fewer people are able/willing to pick up new technologies, methodologies so quickly.
But the field had ~10-20 years of stability, and so lots of folks forgot this is why a premium exists. And that AI is just another tech wave: software engineers who pick it up and master it will generally fare better; those not will struggle a lot more.
I don’t talk about this much but this is what I do everyday.
I clean windows during the day.
I grind to move Membrane farther in every other hour.
I really want this man. I’m not going to stop until the world has decentralized money. No more incentive cages built by the thing we all need, money.
trix retweeted
🚩 When Polymarket or Kalshi says there's a 70% chance something will happen, should we believe it?
Excited to share our new paper, just published in PNAS, in which we examined more than ONE MILLION forecasts from Polymarket, Kalshi, Manifold, and Metaculus, spanning 12 domains and forecasting horizons ranging from hours to years.
The main finding is striking: Prediction markets and collective forecasting platforms are remarkably well calibrated. When they assign events a 70% probability, those events really do happen about 70% of the time. And this pattern holds surprisingly well across different platforms, domains, and forecasting horizons.
But there's an important twist. When we looked more closely, we discovered systematic biases in some of the domains where forecasting matters most (wars, elections).
For decades, psychologists have documented how poorly humans often reason about probability and uncertainty. Our findings offer an encouraging counterpoint: When judgments and information are aggregated, we can achieve a surprisingly accurate understanding of an uncertain future.
That doesn't mean we can predict what will happen next with certainty. But it does mean that we can be remarkably good at estimating how uncertain the future really is.
This work was a great collaboration. The data for this project was meticulously collected for years by Justin Dickerson, the project was led by Hilla Shinitzky and Maayan Peer, with @mattansb leading the analyses.
📄 Read the paper:
pnas.org/doi/10.1073/pnas.26…
#Forecasting #Polymarket #Kalshi #DecisionScience #PNAS

















