Ben (@benlilly) • Hey
Economist at Jlabs Digital
Writings: espresso.jlabsdigital.com
Aspiring coffee influencer
Publications
- Excited to think about $BONSAI being the Lens token. Lots can be built here, and a token can put it on hyperdrive.
To start, I view cryptocurrencies like $BONSAI as a commodity. Many fall into this camp at their simplest level. For Bitcoin, you can only pay for bytes to be stored in a block using BTC. For Ethereum, you pay for network compute/gas using ETH.
For $BONSAI, this isn't quite the case. So what is it then?
Well, Lens is about social interactions and networks. The more interactions, the more attention one garners through each action. In this way, BONSAI begins to reflect the concept of attention. And since there is only so much attention any one person can allocate during a day, BONSAI and time can be synonymous on Lens.
Now, this is still early stages. Much of BONSAI's future is far from determined. For now, it's simply a way to reward users. But consider for a moment you have one of the OGs of defi @lens/stani at the helm here, so the possibilities start to be imagined pretty quickly.
Is the token used to stake one's attention to a user? Can I stake BONSAI to somebody and receive their private notes/articles/posts?
Can I earn referral fees by sharing things?
Can it be used as a bootstrapping mechanism for early stage creators in a way that creates a mild subsidy via bigger network participants to help smaller niche creators gain traction to ultimately help grow the whole pie - Total Net Attention.
What about advertisers that want attention? Marketers? Products?
They all want your time.
And as we begin to think of social interactions and our time spent on this app, BONSAI has the possibility to be seen as "time" on Lens.
Excited to see how the ecosystem builds atop this token. Excited to see Sigle.io building on Lens and integrate BONSAI into its development.
- To my 5 followers..
Did you receive the $BONSAI airdrop?
None here
- Day 16
ATH, congrats!
Lots of sell walls right there.. psyops or real?
Only time can tell us
- Day 15
Applying some monetary theory to some Bitcoins.. It's beautiful. What's better is the June 2021 green area is a data error as the data provider we're using for this proof of concept just began to track a new protocol, which skewed the results a bit.
I'm just happy to see that the economics of a token's supply is proving to be incredibly important.
- Day 14
gm ☕
What're you vibin' to today?
- Day 13
Volatility shifts are abrupt
Exchanges are down. Bitcoin's price whipped 10% in a matter of an hour.
Feels like an old friend as come home. Let's welcome them.
Likes: 4
Followers: 1
- Day 12
About to hop on a livestream, come join! Starts in 5 mins https://youtube.com/live/bymr0L4Ptic?feature=share
- Day 11
Persistence is the game. Sometimes you just do the act to build the habit. That's today.
So here I am with just a Hey.
ETH/BTC looking to re-enter the prior trading range. This move means the UNI fee switch narrative has everybody thinking all of Ethereum DeFi will now rip. Don't question, just accept it for what it is... The narrative of the month.
Don't marry it. Just observe it. Then let it turn to ash for the next narrative to germinate.
Considering it's almost March, Ethereum ETF would be May.. this could have long legs here.
- Day 10
Lightness enters the void.
Followers Gained: 1
Likes: 1
The 0 to 1 moment has happened. Big things coming. Looking for 100% week over week growth here.
Big Week
Latest content to come out... Discussion on ETF flows slowing, how the options market is positioned for the next move, and more. Enjoy
https://youtu.be/-j3GH_B8DSQ
- Day 9
@lens/stani posts about rewarding users and moderators who have helped build the community in light of Reddit news.
I'm here. Staying in my lane. Lacking moisturizer. Posting
One day, the trading community will grow on Lens. Until then, I post into the void and see if the secret to success is an "at"Stani. Perhaps he will support me and the xChanging Good team, helping us to bootstrap a sophisticated trader community here.
Meanwhile, will continue to distribute low T content about sharpe ratios and how now is not the time to go down the risk curve with altcoins. Along with hedging discussions using options.
Expect discussion on rate markets soon (ie - A dive into the 1% borrowing rate of GHO, using wBTC on Aave).
Stats to date from experiment
likes: 0
followers gained: 0
https://www.youtube.com/watch?v=D1Kfs1PuRXo
- Day 8
Likes: 0
Followers Gained: 0
What is becoming clear is that I'm
- Day 7
In my lane. Nobody in other lanes. Nor in front. Not even behind.
The road is me and only me.
Likes: 0
Followers Gained: 0
I'll keep going..
- Day 6
Bitcoin still showing strength over the weekend. Only had a shallow sweep. Expecting some strength once the ETF flow turns on this week.
It's 19 Feb 2024.
Stats are still 0 across the board on Lens. However...
View counts rose on recent posts.
Focusing on the positives.
- Day 5
stats are still trending... at 0
Hope to see the magical 0->1 moment soon and feel:
- Day 4
almost forgot about what I was doing over here until I realized the tab was still open.
Goes to show you that having interactions matters. Half the reason I go to X is because I know there are people that might engage in convo on something I thought was interesting.
Here, it's just a void. No echo. No noise. Just a void.
I won't shout, just talk.
- Day 3
Total likes: 0
Mirrors: 0
New Followers: 0
Digging into makerdao a lot this week. Finding loans outstanding relative to collateral an interesting metric when it comes to its relationship to ETH/USD.
Credit expansion = economic growth, until the "Minsky Moment"
Next fomo cycle will have people wanting some more leverage again
- Day Two of posting.
Net likes = 0
I'm on a quest to see who is on Lens, how to find other market analysts on Lens, and build tooling with lens for the community I seek.
I want to be wrong in my feeling that this app goes beyond a Stani platform since it's 99% of everything I read here.
- gm
- GM, wondering where market price might go?
The analysts at Jlabs Digital go on the xChanging Good show every Tuesday/Thursday 15mins before the New York open to discuss such topics. Show is approximately 35-40mins long.
Here is yesterday's episode. Topics include GBTC, current Bitcoin market structure, upcoming U.S. treasury issuances that might impact prices and U.S. dollar strength, and Solana's recent outage and what it means long-term.
The show is for sophisticated traders, so if that's you, give us a listen.
Thanks for taking a read. Follow me for market discussion and commentary as I share our nearly 100 models and metrics that helps us understand where price is going.
https://www.youtube.com/watch?v=hWJnmnZOcnc
- Get your friends back to Lens (before permissionless)
Mirror for visibility 💫
- The secret of change is to focus all of your energy, not on fighting the old, but on building the new.