1/8 Terra 2 airdrop on May 27th. 70% for community airdrop. 30% for comm fund.

Terra 2 = community + decentralization.

How much LUNA will there be at genesis? What will the price be? How much will be dumped? What about the VCs from Terra 1?

Let's talk airdrop allocation. 🧵👇

2/8 First of all, when you receive your airdrop it will be in a bonded state, i.e. it will be staked.

To transfer it you will have to unbond, which takes 21 days.

So for the first 21 days, the only liquid LUNA on the market will be the 5MM from the developer allocation.
3/8 How much supply will hit the market 21 days after launch?

Here's a key piece of info:

For pre-attack LUNA, only addresses that had less than 10K LUNA will get the genesis unlock. That means only 6.45% of LUNA pre-attack is eligible for the genesis unlock.

That means...
4/8 Genesis unlock amounts per category:

pre-attack LUNA: ~6,811,200
pre-attack aUST: 30,000,000
post-attack LUNA: 30,000,000
post-attack UST: 45,000,000

Total genesis unlock: ~111,811,200 (12% of total supply).

(Total supply of new LUNA = 1 billion, by the way.)
5/8 What does this mean?

It means the VCs and whales, who had most of their wealth in LUNA with addresses that had more than 10K, will not get anything until their 1 year cliff hits.

Terra 2 will be 100% community built, owned, and used for the first year.
6/8 If the VCs and whales start dumping when their 1 year cliff hits - then good riddance! Cheap LUNA will be their parting gift to the community. Or they can stay and support the project.

The price of LUNA will be strong in the beginning, as the supply will be so constrained.
7/8 Seriously, only 12% of the total LUNA supply will be circulating for the first 6 months. And much of that will remain staked, not sold.

Dumping will be relatively minimal for the first 6 months, giving the chain a chance to prove itself before the cliffs hit.
8/8 So to be clear:

-LUNA price will probably be $5-10 once price settles after a month (see UST futures market);

-LUNA supply will be low for first six months;

-VCs and whales from Terra 1 get nothing for 1 year.

❤️ and RT to combat all the FUD going around!

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Starts the night before.

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• 3 hours on your most important project
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• 3 maintenance activities

Defining a "productive day" is crucial.

Or else you'll never be at peace (even with excellent output).

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2. End the workday with a shutdown ritual

Create a short shutdown ritual (hat-tip to Cal Newport). Close your laptop, plug in the charger, spend 2 minutes tidying your desk. Then say, "shutdown."

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3. Journal 1 beautiful life moment

Delicious tacos, presentation you crushed, a moment of inner peace. Write it down.

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I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x


The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x

Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x

The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x

It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x