Ana̢m͟n͜es̛ia͞, [8/6/2022 5:00 AM]
hey what was that enigma finance thing
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:00 AM]
where you could start your own fund equivalent to what you would create as a fund manager on wall st
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:00 AM]
i gotta find that
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:00 AM]
then i can create a unique configuration more or less an extension of my own personal allocational division
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:01 AM]
then we can could votes in a pool via some voting token which has no value but is more just like a chip that has weight corresponding to one's ownership of the fund
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:02 AM]
and all those chips go into the pool and we get a result rank ordering the relative positioning of each asset in the fund
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:02 AM]
otherwise i would be the sole dictator of the relative allocations
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:02 AM]
or do it simply and just have a spreadsheet where i tally it all publicaly that way
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:03 AM]
so basically it would include these specific assets
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:03 AM]
and perhaps paxg as well just to have a representation of some stability in the fund
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:03 AM]
as well as perhaps usdp for the same reason
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:03 AM]
and the fund is dailed in for bullish conditions vs bearish conditions
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:04 AM]
you want me to invent a crypto well this would be the way
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:04 AM]
a governance token by which to vote in the proper allocation of each asset in this fund
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:04 AM]
and we can call it Brilliance in Crypto, or BIC would the ticker of this token by which to vote in the fund
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:04 AM]
we would have historical price performance
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:05 AM]
and maybe just maybe over time this token would accrue value
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:05 AM]
why
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:05 AM]
because who wouldn't voting rights in the best performing crypto fund of all time?"
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:05 AM]
it would be like an AI which simply gives the net consequence of the wisdom of the crowd
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:06 AM]
man idk this like a great idea worth doing and now would be the time as we make preparations in our positions for the next bull
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:06 AM]
people can have their own personal positions, but also maybe a small percent dedicated to an INDEX OF SORTS
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:07 AM]
and also part of governance would be determination of not only relative allocation by percent of the total but also which assets to throw out and which assets to bring in to include
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:07 AM]
come onnnn
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:07 AM]
you know this is genius
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:07 AM]
i would love this
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:07 AM]
how can we create a simple governance token as i've described
., [8/6/2022 5:07 AM]
so a crypto like blackrock that invest in other cryptos?
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:07 AM]
we could become a literal crypto
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:08 AM]
and this community here is the seed and gateway to becoming a greater part of the general crypto industry
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:08 AM]
[In reply to .]
YES
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:08 AM]
i'm watching the big short and suddenly i'm teeming with ideas
., [8/6/2022 5:08 AM]
Lets do it
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:08 AM]
like holy shit
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:08 AM]
we can do this
., [8/6/2022 5:08 AM]
[In reply to Ana̢m͟n͜es̛ia͞]
Love the movie
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:08 AM]
all the components are there and in fact people have to come to me with each one of them
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:09 AM]
enigma fund manager was brought to me
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:09 AM]
the i should a create a crypto was brought to me
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:09 AM]
i denied them both because who cares
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:09 AM]
but this...
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:09 AM]
this could bring it all together
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:09 AM]
this could be something amazing, yet so simple
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:09 AM]
and i've always in crypto for 5.5 years now picked the best shit
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:09 AM]
every single time
., [8/6/2022 5:10 AM]
lol me too 5,5 years 😂
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:10 AM]
from bitquence to substratum to hex to ens to stg to hdrn you know, and everything else i've forgotten by now
., [8/6/2022 5:10 AM]
We have a lot of things in common
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:10 AM]
alright doing a poll
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:11 AM]
i voted too so lol
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:11 AM]
the next step would be where is this enigma finance fund manager thing that was brought to me
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:11 AM]
somebody has to know
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:12 AM]
writing a post prop
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:13 AM]
actually not yet i need to locate that instrument im talking about
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:14 AM]
we could even have it automatically dial in relative allocational weights according to phase TO THE DAY of the 4 cycle theory which seems to be playing out yet again, 3 data points equals a pattern and a further likelihood of continuation of that pattern forward
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:14 AM]
so by time bottom of bear is in you have the greatest risk off allocation and vice versa
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:15 AM]
however this would be in conflict with the idea to govern through a BIC token
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:16 AM]
decentralized self governance is a principle i love
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:16 AM]
could just design it myself since nobody else can do it right i.e ens
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:16 AM]
then we could implement a staking feature
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:17 AM]
yield in BIC would come from the profitability of the fund evaluated say every 30 days or some interval on which governance can also vote
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:17 AM]
how much profit total, and/or of each would be taken WHEN of each allocated asset
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:17 AM]
also up to governance
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:18 AM]
and those earnings of the fund taken at this voted interval and by amount by percent off the initial position of each asset
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:18 AM]
would be divided amongst the staker class of BIC
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:18 AM]
oh man
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:18 AM]
we gotta do this
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:18 AM]
this is so cool
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:19 AM]
i really wanna do this
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:19 AM]
each component i can imagine all working seamlessly together
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:19 AM]
the question is get it all entirely automated
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:20 AM]
so that i am as much a participant in the system as anyone else
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:20 AM]
that would be going the most decentralized route
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:20 AM]
but it would probably push me out pretty fast which eliminates kinda the whole point because i want to decide what the assets are
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:21 AM]
so maybe i could have a special nft which grants me automatically 50% of the weight of voting
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:21 AM]
and also 50% of the profit taken at each interval
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:21 AM]
so that would be like my "fee"
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:22 AM]
and to ensure against never losing a dominant control over asset selection
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:22 AM]
i like this idea
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:22 AM]
actually
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:23 AM]
instead of a BIC token you could just have a BrillianceinCryptoFund NFT
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:23 AM]
and they will have a price just like before
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:23 AM]
except this time 1 nft is 1 vote
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:23 AM]
you can collect multiple nft's if desired
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:23 AM]
but you would have to get from someone
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:24 AM]
hmmmm
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:24 AM]
ya so you would mint the nfts
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:24 AM]
and that would always be open
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:24 AM]
but the price of the nft how to determine
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:25 AM]
the value in it would be relative to voting rights
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:26 AM]
which include which assets to keep and which to throw out, interval at which profit on all or any particular asset is taken, interval at which the net profit of the fund is distributed
so basically three essential and profitable aspects which are related to your own profitability
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:27 AM]
hmmm even though my nft would have 50% net weight in every outcome, that doesn't mean i would have to be assigned 50% of the profit of the fund, i can make it say 33% which seems better, or 20% in keeping with pareto distribution
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:27 AM]
ya i like 20%
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:30 AM]
so 80% total profit taken on the fund at predetermined interval paid out at predetermined interval to all nft holders, 1 nft per address, mintable at the price of the nft (all of them would be equal value because 1 nft = 1 vote except for mine) which is set by the market in evaluation over time of the profitability of the fund which brings the desire in to have a "stake" in that INDEX of sorts which could become a way for people to have a small percent of their total personal portfolios in something that represents the average performance of a superior basket of cryptos
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:31 AM]
and of course you can move the nft's around so it's not locked to a single address, however only 1 nft per address
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:31 AM]
1 nft = 1 vote meaning relative position by percent in the voting pool
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:32 AM]
so for example, i have 1 nft but 50% of the weight
say there are 100 others with a BIC nft, they all vote
1/100 of the 50% is your "weight"
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:32 AM]
so it can be entirely possible to go against my own primary wishes with enough of the BIC community voting against it
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:33 AM]
so what is the difference between our governance token and everybody else?
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:33 AM]
the difference is we make no pretense for anything but to select by the wisdom of the crowd the most profitable crypto assets to own and profit off over time
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:34 AM]
no profit is made on the expectation of work from others, because we're all voting, if there's no vote, even by me, there's no participation in the outcome
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:35 AM]
so ya i think that's the overall picture
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:35 AM]
shouldn't be that hard to do all the instruments are there
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:35 AM]
in time i can even pay someone to help me do this
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:35 AM]
to architect the code behind how the nft functionality would work
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:36 AM]
and of course it would be on pulsechain too
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:36 AM]
hell can have multiple different funds and just iterate the same idea but with different predetermined riskon/riskoff weighted allocations
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:36 AM]
same nft would unlock any of them under the banner of BIC
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:37 AM]
so the nft is a representation of the actual net value of the fund itself also not just the governance rights
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:38 AM]
i'm gonna do this somehow someway, if you have ideas i'm open to hear them
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:38 AM]
like for instance if you think my 50% vote or 20% profit on the fund is too much or whatever
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:38 AM]
or how the nft would accrue value
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:39 AM]
could stake the nft instead of bic like before
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:39 AM]
and gain yield coming from a dedicated percent say 20% of the pool,
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:40 AM]
in addition to the nft already itself representing a relative share of the fund by weight of a single nft
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:44 AM]
so net profit of fund would be 20% to me awarded by my special nft which also has 50% voting rights by weight, 20% to the bic nft staker class, and the remaining 60% divided equally in proportion to each nft holder - this profit interval determined by voting with your nft's in a pool result of which determined by COUNT, not weight of ownership by volume of fund, this amount of profit to bic staker class vs everybody else (except me), in addition to voting on asset weight allocation and which assets to add or lose
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:47 AM]
oh and every time an nft is sold it is burned so basically a contract buy back and those funds redistributed to the rest of the nft holders
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:48 AM]
hmm i need to think about this
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:49 AM]
the question of minting, because you wouldn't want a runaway minting that cost nothing which ends up deflating the weight of each vote count
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:49 AM]
as new nft's are minted value of all of them should go up because they each represent a share of the actual profit of the fund (80%)
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:50 AM]
ahhh but yet with each nft minted you have to supply the money to add to the fund proportionally divided amongst each weighted allocation
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:50 AM]
ya that's it
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:50 AM]
i was like wut but that's right
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:54 AM]
alright going back to watching the big short i may get new ideas again lol
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:57 AM]
if nothing else, we can least do the enigma finance thing and i can get the fund going, in meantime do it all by hand on spreadsheet here, where i won't need to know your contribution by volume but 1 person 1 vote, and that vote includes a distribution of votes on the relative % to be allocated to each asset
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:57 AM]
then as things develop implement the nft governance system
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:57 AM]
and then it becomes automated
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:57 AM]
and decentralized sufficiently to the degree as i have delineated
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:58 AM]
we can become the blackrock of crypto
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:58 AM]
there is no reason why we can't
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:58 AM]
we can do this
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:58 AM]
and we will do this
Ana̢m͟n͜es̛ia͞, [8/6/2022 5:58 AM]
and we will win
tocr, [8/6/2022 5:59 AM]
Haha
tocr, [8/6/2022 5:59 AM]
Im starting to read!
tocr, [8/6/2022 5:59 AM]
Travelling tomorrow to US im a bit busy
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:01 AM]
lmao
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:01 AM]
ill tell you what
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:01 AM]
you want plsd or pulseshitcoin or pulsebtc so bad vote on it when BIC comes out
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:02 AM]
maybe you can rouse an enthusiasm and win a vote for inclusion in the fund
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:02 AM]
but i tell you got 50% going against you from the start lol
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:02 AM]
see that seems fair to me
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:02 AM]
because majority vote wins
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:03 AM]
which is 66.6% or greater
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:03 AM]
hmm maybe i have too much
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:03 AM]
because i want it so i can be overrided by sufficient community consensus
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:04 AM]
33%
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:04 AM]
yup that's right number
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:04 AM]
because then you would only need half the community to agree with you to get to the 66.6% majority consensus even though i'd be voting with 33% my full vote power against you
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:04 AM]
yup that's it
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:05 AM]
so ill have 33% voting power by my special nft, and the other 66.66666% will be divided by nft vote count
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:06 AM]
66.6% would be the mathematical trigger for concluding the vote
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:08 AM]
i want the Brilliance in Crypto (BIC) fund to be the greatest most profitable community self governed crypto fund that ever exist or will exist
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:10 AM]
perfect balance between centralization and decentralization of governance
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:10 AM]
so you never lose my golden touch, but also you have a great deal of influence also in the final outcomes
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:20 AM]
https://indexcryptofinance.net/pages/copy-expert-traders i think this was what i saw but this if that's what it was isn't sufficiently advanced enough for what i want to do
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:21 AM]
https://duckduckgo.com/?q=design+my+own+crypto+index+fund&t=brave&ia=web
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:23 AM]
https://twitter.com/bundledao
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:25 AM]
https://coinsutra.com/best-cryptocurrency-index-funds/
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:26 AM]
https://www.reddit.com/r/CryptoCurrency/comments/nl72o6/build_your_own_crypto_index_fund/
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:27 AM]
https://balancer.fi/
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:27 AM]
https://blog.shrimpy.io/blog/manage-your-own-exchange-traded-crypto-index-fund
Ana̢m͟n͜es̛ia͞, [8/6/2022 6:28 AM]