This article explains in detail how Qubic is mining Monero to fund their circular rehypothecation. This is needed before explaining how the same reflexive mechanics leave them vulnerable to a death spiral if the buyback loop breaks.
Welcome to the trenches.
We are now officially a multi-layer blockchain project. We not only live on Ethereum, but Monerochan is now bridged on Ink and Basechain.
What is new in the world of crypto? The tokenization arms race has officially started. Robinhood just kicked off tokenization of stock directly onchain. Robinhood is beating out Coinbase to the point. Coinbase and Kraken have both shown interest in selling tokenized stock on their respective L1 and L2 (Ink and Base).
Why is this exciting for memecoins?
LIQUIDITY LIQUIDITY LIQUIDITY
The stock market holds so much liquidity. The world of tomorrow will let you trade stocks for memecoins
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My life the last couple of months:
Unfortunately, we have gone with another candidate.
Well at least I can take the L on that. "We are reevaluating roles" when a company has gone through layoffs. Imagine getting rug pulled by a company before you’re even officially a part of it.
These interviews are not quick either. For those not in the loop, tech job interview loops are basically
4–6 hour long interviews. Some of them contain coding interviews where you're asked to solve algorithm questions live
with a time limit. Then jump into questions regarding system design—where you sit in front of a virtual whiteboard
and talk through how you would design the next YouTube clone.
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Hey everyone. I know I’ve been gone for a while. Life threw a few curveballs, including getting rug-pulled by the tech job market. Multiple interview loops, only to have companies freeze hiring or announce layoffs mid-negotiation. Peak clown world.
The original plan was to bootstrap Monerochan liquidity with the Bricks NFT drop and fund the Layer 2 launch from there.
That didn’t pan out like I hoped. So now we’re shifting gears.
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