Senator Mak🖖 (@Unbankt) / X

Senator Mak🖖

4,485 posts

Senator Mak🖖

@Unbankt

Max building free market money protocols. Max bidding code, currency and chaos. CEO @pantheonvaults 🏛️ open.substack.com/pub/paulmak

mak.money

Born July 4

Joined August 2017

Pinned
Senator Mak🖖
@Unbankt
May 25
I wonder how long it takes for people to learn that 6 months is an irrelevant time horizon in the same way as FDV is an irrelevant value benchmark… When triple digit APR is flowing and compounding, exclusively into a tiny float. @pantheonvaults #immortals 🏛️
GIF
3.4K
Senator Mak🖖
@Unbankt
May 29, 2024
Absolutely. With a good product there’s a breakout velocity where your marketing spend decreases because word-of-mouth and general awareness boost conversion rates. However, redundant economic models and poor UX in web3 games prevent this effect. This is another issue with web3
Krzysztof Nowak
@krzysiuniewiem
May 29, 2024
Replying to @bigaarcade and @Unbankt
I'd think that the cost gets smaller as the game is more popular because of the domino effect where more and more people recommend the game to their friends etc.
1.7K
Senator Mak🖖
@Unbankt
May 29, 2024
This entire thread is touches on some of the nuance we’ve built with @bigaarcade Essentially we are years ahead of the whole space and we’ve got the goods and now the data to prove it. The high level recipe sounds simple enough but the difficulty only begins in modelling the
Jonah
@JonahBlake
May 28, 2024
Replying to @JonahBlake
1. Keep building TVL mini games 2. Fund indie games that focus on price go up tech. Now what I’m about to say needs to be reviewed and approved by a valid legal counsel. Take what i say with a grain of salt without legal counsel.
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Senator Mak🖖
@Unbankt
Mar 28, 2024
Normal games have a 95% failure rate. That includes big budget, studio backed, highly experienced teams. Gamefi has an exponential complexity scale compared to normal games because Gamefi has to also get the economics right and the asset integration right using nascent
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Senator Mak🖖
@Unbankt
May 13, 2024
99% of all web3 games will likely fail. This high failure rate is attributed to the fact that traditional games, already face a daunting 95% failure rate, compounded by the additional complexities unique to web3 games. Web3 games must match the quality and engagement of
BIGA
@bigaarcade
May 13, 2024
"Speak the Truth" Episode 2 Weekly videos breaking down problems in #web3gaming, hosted by our Founder @Unbankt TLRW: Studio (many games) > Single game (likely to fail)
00:00
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Senator Mak🖖
@Unbankt
Mar 24, 2024
Maths is finite, so coding too is bounded by finiteness, rendering it immutable. This universality means that good code remains consistent no matter the location. It is dependable because of this. Law however varies in interpretation and changes based on its jurisdiction. The
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Senator Mak🖖
@Unbankt
Apr 23, 2024
I believe humanity has reached its evolutionary peak and from this point, our species will regress or become redundant. Evolution requires challenges, but we've surpassed life's natural hurdles and now face no significant threats except those we create in our minds.
2.1K
Senator Mak🖖
@Unbankt
Mar 11, 2024
nzsothebysrealty.com/property/listi…
1.2K
Senator Mak🖖
@Unbankt
Apr 9, 2024
Good law is technologically independent because it’s inherently written to systematically protect against relatively predictable incentive based behaviours. Psychology hasn’t changed since the day of the stoics. But tech has changed completely and continues to evolve
2.4K
Senator Mak🖖
@Unbankt
Apr 17, 2024
Govts should be held to the same measures and consequences as companies in a free market economy. They can set whatever policies they want and we can freely choose to move our residency and with it our tax dollars and or patronage without having any residual accountability.
Andrew Tate
@Cobratate
Apr 15, 2024
Simple question. If each country of the world was a crypto. Or had its own native coin tied to economic prosperity, standard of living, crime rate, geo political positioning, culture etc. The better the country, the higher the coin value. Which one would you invest in?
1.7K
Senator Mak🖖
@Unbankt
May 16, 2024
Replying to @meta_alchemist
Good for you Meta. First and foremost is web3 games need to get their economics and tokenomics right. That means architect sustainable profitable game economies and integrating your token or NFT in a way that exclusively enhances the value system of the economy. Secondly
599
Senator Mak🖖
@Unbankt
May 7, 2024
Apparently Facebook is still around. Good for them.
Robert F. Kennedy Jr
@RobertKennedyJr
May 4, 2024
Replying to @RobertKennedyJr
Facebook is putting its thumb on the scale of this election. Please help me understand how this Woody Harrelson film about my life violates Facebook’s community standards?
1.2K
Senator Mak🖖
@Unbankt
Jun 13, 2024
I was having a chat with a few crypto colleagues last night and they all seemed a little intellectually fatigued. Online I see and hear thought leaders talk as if this is cryptos last season and that it’s all over after this bull run. It seems all the original gangsters have
1.5K
Senator Mak🖖
@Unbankt
Jun 25, 2024
And so begins the next propaganda machine. Next 5 years will be politicians and economists all promoting the virtues of ‘not MMT’ but something better ideals lol. Dont even read it. It takes 86 pages to explain why they can’t really explain, (even with cherry picked data) how
FedResearch
@FedResearch
Jun 24, 2024
Higher inflation can lead to greater efficiency. It all has to do with the price dispersion that inflation generates, which might motivate some consumers to search for the lowest prices, increasing competition among sellers. federalreserve.gov/econres/feds/i… #FEDSPaper
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