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Moloch Traps: Dollar Auctions - From Aa to Zzz From Aa to Zzz presents - Moloch Traps: Dollar Auctions Episode 2 In today’s episode of Moloch Traps we discuss the dollar auction. We try to relate the thought experiment to real life examples that have similar patterns although there are not many one-to-one examples but we still try to compare different types of auctions, the housing market, gambling, and NFT mints under extreme gas conditions. GM and welcome to *Moloch Traps,* a new podcast from the two of us here at *From Aa to Zzz*. I’m ZFi, this Zombie Shepherd, and we are excited to be bringing you this new show in collaboration with BanklessDAO and its Audio/Visual team. To be clear, opinions in this series expressed by either of us are our own opinions and do not reflect the opinions of BanklessDAO at large. In this series, we would like to study and discuss the first section of the "Meditations on Moloch" essay, written by Scott Alexander from Slate Star Codex. The essay discusses the concept of Moloch as a representation of systems and incentives that lead to sub-optimal outcomes for *both* individuals *and* societies. The essay delves into various examples from history, biology, and economics to illustrate how *competition* often results in collective harm. Moloch is a metaphor for modern society's all-consuming forces, drawing a haunting parallel between historical ritual sacrifices and the metaphorical sacrifices demanded by today's industrialized and capitalist world. Each episode of this series will discuss these encounters with Moloch. We will begin with a reading from Meditations On Moloch, and follow up with discussion. Listeners, we encourage *you* to share *your* commentary, stories, and perspectives so that we can *collaborate* in our efforts to detect and avoid the many types of Moloch Traps that we find ourselves in each day. New episodes on Tuesdays at 7pm EDT (11pm UTC) YouTube: https://www.youtube.com/@zombieshepherdmusic https://www.youtube.com/@banklessdao Early access to collectible episodes are on Lens with 18% going to Bankless DAO! Lenstube: https://lenstube.xyz/channel/fromaatozzz.lens Follow us on Lens: https://lenster.xyz/u/fromaatozzz https://lenster.xyz/u/0xzfi https://lenster.xyz/u/zombieshepherd Follow us on Twitter: https://twitter.com/0xZFi https://twitter.com/ZombieShepherd BanklessDAO Official Links: https://www.youtube.com/@banklessdao https://bankless.notion.site/AudioVisual-Guild-64f9d5b6e62a45dc93391e4d075b40a9] https://www.notion.so/AudioVisual-Guild-64f9d5b6e62a45dc93391e4d075b40a9?pvs=21) https://www.bankless.community/https://discord.gg/bankless @0xzfi.lens @zombieshepherd.lens Show notes: Meditations on Molch: https://slatestarcodex.com/2014/07/30/meditations-on-moloch/ https://youtu.be/A07LCQ5Pq88?si=-OtHLKoDX62aFGKM https://www.youtube.com/watch?v=xIVxWeXqk8I
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Web3 is revolutionizing the way we interact online, allowing us to securely and transparently access social and cryptocurrency services with unprecedented ease.
📍 Bamian, Afghanistan 🇦🇫 One gets used to everything... The more I travel, the more I realize how adaptable I am. After the first and second day of a new destination, there might be a touch of apprehension, but by the third, nothing fazes me, and it all becomes the new normal. It's a quality that makes life easier, yet at times, it can also pose a challenge. There are moments when I might not fully grasp the gravity of the situation I find myself in. For days, you've been following my stories and probably marveling, just like me, at how fear seems absent, and we even engage in light-hearted interactions (let's not use any other term) with the Taliban. Truly, we feel secure, and many have been more than polite towards us. However, on this particular day, I come to realize that often, this is merely a facade, a charade staged for tourists to paint a favorable image, knowing it's easiest to convey through us. Let me give you an example from that day. In the latter part of the day at Bamyan, after exploring the Buddhas, we strolled around the city and then set out to visit the City of Screams and the Red City (both tied to the bloodshed caused by Genghis Khan). These locations are somewhat challenging to reach, and even though my comfy sandals were on, they weren't the best choice for a bit of "mountaineering." This is where Omid, our guide, often lent a hand, ensuring I didn't slip. Though it seemed like there was nobody around, Omid noticed something was amiss by his expression. Three men were observing us from a nearby hill. It's always like that... no matter where we are, somehow the magic conjures up the presence of the Taliban. This time, three of them. And there we were, stopped again, sharing smiles, but I sensed from Omid's face that something wasn't right. One of them held onto his hand, as if in a friendly handshake, yet it lingered for far too long. Finally, they let us go, and once they were out of earshot, Omid revealed what had transpired. They saw me place my hand on his shoulder as we descended and asked him who I was. Was I his wife? He replied, "No, I'm her guide." The next question: "Are you a Muslim?" He answered in the affirmative. And then they inquired, "Why is she touching you?" Because here, any physical contact between a man and a woman who aren't spouses or close relatives is prohibited. Their parting words were a warning that he would end up in jail if this happened again. Worst of all, they told him to act like everything was fine and not tell me what they had discussed. And earlier that morning, Omid hummed in front of the second part of the group, where in the same way they came to me and said that if he sings again, he will shoot him! And every independent attempt to leave the hotel was with the words, nothing will happen to you, they must not allow themselves to hurt tourists, but for those who are in charge of you... #AdaptingToNewNorms #UnexpectedInteractions #CulturalInsights #Afghanistan #Bamian #Travel #Traveler #Journey #Adventure #TravelBlogger #Trip #Lens #Lenster #Orb #OrbApp #Buttrfly #Lensta #NFT #Crypto #web3 #web3Travel
10 Million GHO Minted
They're talking about Lens frens 🌿
Did you touch grass this weekend? #SummerOfLens
🪙 Bitcoin's Volatility is close to its lowest EVER!
Oracle security isn't a nice to have, it's a necessity. #Chainlink Price Feeds are decentralized across multiple layers: 💾 Data sources 🏢 Node operators 🌐 Oracle networks Price Feeds leverage volume-weighted average pricing (VWAP) across both DEXs and CEXs to help ensure globally accurate market prices. https://blog.chain.link/levels-of-data-aggregation-in-chainlink-price-feeds/
CT has become a shit show. Friends fudding our bags. It was us vs them, now it's only against each other.
Concrete jungle where dreams are made of ☀️
The beach, tranquil and untouched, cradled a vibrant orb, its glow pulsing with the promise of new beginnings and the celebration of an endless summer. Limited Edition Zora Collection: https://zora.co/collect/zora:0x5e18f6d54d064e2adc874d0f73ee232832d1641a
Little girl
If they were able to talk, I swear to God, would be like that 😂 They love me tho… at least I think so
Web3.0 social networks are changing the way we connect online by putting user privacy, decentralization, and control at the forefront of their design.
I hope you're having a good day
Can't believe that USDT would ever feel safer than USDC again.. We need $GHO.
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