magitek Tag Posts Index

Magitek Tokenomics

It's a bit premature for me to be talking about this stuff way before any of it is ready, but whatever. Need to get back to work and this topic will put me back

Introverted Token Burns are Toxic

Incorrect Focus is incorrect. New and potentially up-and-coming projects love to try and generate hype with token burns. Why? Well, it's basically to trick the community

Magitek Fire & Ice: Shifting Some Bits

Original "Whitepaper" My last post about Magitek was unceremoniously ended because It was about to turn into a ridiculous 5000 word rant, so I'm returning

Refactoring Magitek

Permanently on the backburner I've had this idea for a token as far back as 2018, but I haven't done nearly enough legwork on it to actually bring it to life. Back

Escrow Liquidity Pools on Hive

The mental block continues! This is actually an idea I had a couple years ago when trying to come up with a permissionless solution for swapping tokens built on

Permabonds: The Drip

The future of DEFI? I've been thinking more and more about the token I'd like to one day create, and the idea of bonds keeps popping up. What is a bond? What is

Clutch Virtual Ops: Consensus on the Second Layer

Consensus is a weird thing. What is it? The core meaning of the word revolves around something along the lines of a sovereign community agreeing on a set of rules

Key Asymmetric Conversions

There's a certain unit-bias involved in symmetry The human brain likes when things are patterned and symmetric. Perhaps you've seen people drawing green lines on

Magitek Ice Rudder

I've been having some conversations with people and noticing everything going on in the markets... The one constant is that crypto devs continue to grind. This seems

Bad Debt! Bad!

Within the context of the legacy economy, bad debt is money owed to an entity that is pretty much guaranteed not to be paid back. Why the "guarantee" instead

Tokenomics Part 2

What gives a derivative value? Many would say that what gives a derivative value is the underlying asset it represents, but we've already known for decades that

Tokenomics Ramblings: DEFI & Magitek

So I still want to create my own cryptocurrency... I think about it every so often. Been thinking about it a bit more lately. The concepts I came up with were pretty

360 Degrees of Fuck

Tinkering with my database... Imported all 2183 posts/reblogs into it from the last 4.5 years. Figured how to search the body for a word Care to guess which one?

Token Burns Can Destroy Value

Most people in crypto incorrectly assume that destroying tokens automatically equates to a higher token price. After all, supply and demand, amirite? If there is

Scrambling to get rich quickly is ironically the thing making you poor.

Stop being greedy. Just stop. Stop putting so much money into random defi yield farms (a little is fine). Stop margin/leverage trading on debt. Stop increasing your

Magitek Fire & Lightning: INFINITE LIQUIDITY!

Liquidity is one of the most important things in an economy. Like an engine without oil, an economy without liquidity will seize up and fail immediately. Every seller

Magitek Schedules: Infinite Loop

Old habits die hard. It's easy to get stuck in loops during life. Some of those loops might be simple and healthy day to day activities & upkeep. On the flip

Floating point math is the devil!

Programming exercise: Head on over to Type in: console.log(0.1 * 125) No problem! Look at you go, you're a programmer now! Now add a zero! Easy, add another 0. What's

Cruel Mistress!

As of right now, many users feel betrayed by the crypto market. Many of these users are new and jumped on the whole Doge/Musk train so they do not know what they

Proof-of-Burn: Black-Hole >> White-Hole Tech

If you are building on Hive (I am) and you trust Hive consensus (I do) then there is no reason to not employ proof-of-burn mechanics when designing a new token.