Calvin Lin ↑ (situs)

AI is an accelerating but probabilistic technology, crypto is a defensive yet deterministic technology

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the first successful "network state" could be some well-blended version of BRC + Zuzalu led by some visionary who's as intelligent and brave as Lee Kuan Yew

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Tenbin is a fully decentralized and permissionless reputation map that allows anyone to create and trade the reputation of any Twitter/X entity using a new AMM — the Pythagorean market maker. The root problem with existing AMM/bonding curve mechanisms is that they eventually become a victim of Gresham’s law. While some mechanism designs are novel, the bad money (speculators/bots) eventually drives out the good (supporters). We saw this problem manifested in token launchers for social metrics, and intend to solve it from first principle using a simple and aesthetically elegant mechanism that inherently discourages speculation and minimizes the system’s entropy. Under the hood, the Pythagorean market maker is a modified version of the spherical market scoring rule with specific spatial constraints. With these constraints, prices are no longer continuous, and any entity’s position of Trust/Distrust votes becomes geometrically meaningful on a reputation map: 1. When prices are discontinuous, it’s harder to profit from stochastic market movements, which naturally discourages speculators/bots and target voters whose primary motivation is beyond pure monetary profit (e.g., support/endorsement). 2. Because valid positions are spatially exclusive and scarce, their social value increases with more entities on the reputation map, similar to how network effect works. This organically incentivizes entities to (eventually) secure a position on the map, and we’re also exploring other meaningful avenues to reward early market creators/voters. For more info on how the protocol works, please take a look at http://tenbin.finance/whitepaper.pdf And of course, if you have any questions, feel free to DM me or email us at [email protected], we'd love to hear from you.

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Laguna beach, CA 9 Apr 2025

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Kyoto 🇯🇵 Jan 12, 2025 😃

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Today we’re introducing Tenbin, a stake-based, decentralized social reputation map via a new type of AMM - the Pythagorean market maker. We’ve explained how everything works at tenbin.finance/whitepaper.pdf, it’s a simple and elegant territorial game at the intersection of sociology and DeFi. Please feel free to play around with the current beta. The protocol's not yet audited, and there'll be lots of exciting app features coming down the road :)

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Tenbin is a fully decentralized and permissionless reputation map that allows anyone to create and trade the reputation of any Twitter/X entity using a new AMM — the Pythagorean market maker. The root problem with existing AMM/bonding curve mechanisms is that they eventually become a victim of Gresham’s law. While some mechanism designs are novel, the bad money (speculators/bots) eventually drives out the good (supporters). We saw this problem manifested in token launchers for social metrics, and intend to solve it from first principle using a simple and aesthetically elegant mechanism that inherently discourages speculation and minimizes the system’s entropy. Under the hood, the Pythagorean market maker is a modified version of the spherical market scoring rule with specific spatial constraints. With these constraints, prices are no longer continuous, and any entity’s position of Trust/Distrust votes becomes geometrically meaningful on a reputation map: 1. When prices are discontinuous, it’s harder to profit from stochastic market movements, which naturally discourages speculators/bots and target voters whose primary motivation is beyond pure monetary profit (e.g., support/endorsement). 2. Because valid positions are spatially exclusive and scarce, their social value increases with more entities on the reputation map, similar to how network effect works. This organically incentivizes entities to (eventually) secure a position on the map, and we’re also exploring other meaningful avenues to reward early market creators/voters. For more info on how the protocol works, please take a look at http://tenbin.finance/whitepaper.pdf And of course, if you have any questions, feel free to DM me or email us at [email protected], we'd love to hear from you.

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