/biz/ - Business & Finance

For an unstaked human to breath air in the same 30km radius of a
Long-chain clone daddy was already a violation of the Beijing Treaty
and hundreds of billions of dollars of chain backed insurance
contracts, whose smart contracts were immediately triggered and
emptied into the

bank accounts of the Long-chain daddies in question. The Consolidation
resulted in the bankruptcy of no fewer than 6 dozen syndicates and
countless agents, agencies, and corporations.

"You're gathered here today to witness my final contribution to The System."

Seven dozen Key Items were rolled out onto the stage. The audience
couldn't believe their eyes. Alpha Black Lotus, Bant Diamond
(suspected to be the only remaining child stone of the re-butchered
Hope Diamond), the only remaining tablet original of the Lament of Ur,
Rou Xing Stone, the engrossed and signed Declaration of Independence,
The Fritz Engraving, papiro biblioteca rylands p52, and the Harper
Fragment. These items represented the backing assets for Trillions of
on-chain assets and nearly all non-chain assets in the world.

A molten tub was brought out to the center of the platform. One by
----------------------------------------------------
one, the assets were submerged. Permanent erasure. As for the Bant
Diamond. That was merely transformed into graphite and pulverized,
before being dropped into the molten pool.

"Now all that remains is the public / private keypair for each of these assets."

No more did the cryptographic representation of the items represent
anything at all beyond its inability to be replicated. Not unlike the
original assets themselves.

//

The audience outside was greeted by a swarm of news agents as they
fled the theatre.

For an unstaked human to breath air in the same 30km radius of a Long-chain
clone daddy was already a violation of the Beijing Treaty and hundreds of
billions of dollars of chain backed insurance contracts, whose smart contracts
were immediately triggered and emptied into the bank accounts of the Long-chain
daddies in question. The Consolidation resulted in the bankruptcy of no fewer
than 6 dozen syndicates and countless agents, agencies, and corporations.

"You're gathered here today to witness my final contribution to The System."

Seven dozen Key Items were rolled out onto the stage. The audience couldn't
believe their eyes. Alpha Black Lotus, Bant Diamond (suspected to be the only
remaining child stone of the re-butchered Hope Diamond), the only remaining
tablet original of the Lament of Ur, Rou Xing Stone, the engrossed and signed
Declaration of Independence, The Fritz Engraving, papiro biblioteca rylands
p52, and the Harper Fragment. These items represented the backing assets for
Trillions of on-chain assets and nearly all non-chain assets in the world.

A molten tub was brought out to the center of the platform. One by one, the
assets were submerged. Permanent erasure. As for the Bant Diamond. That was
merely transformed into graphite and pulverized, before being dropped into the
molten pool.

"Now all that remains is the public / private keypair for each of these
assets."

No more did the cryptographic representation of the items represent anything at
all beyond its inability to be replicated. Not unlike the original assets
themselves.

The audience outside was greeted by a swarm of news agents as they
fled the theatre.

As his five person company's live valuation slipped below his option
strike price, he reached for his TRNG stress release pistol, placed it
against his temple, squeezed the trigger, and successfully blew his
brains out. This final act is still recognized as the largest creation
of shareholder value in history.

In a future world where even the smallest shittiest startup is traded
on the urbit public markets. Anyone can short sell these hopeless and
poorly managed companies.

This particular CEO is on the risk neutral to risk loving spectrum. So
he uses a TRNG stress release pistol. It's a 250 millibitcoin firearm
that uses a nuclear decay based hardware TRNG that can be set anywhere
from 1 picomort to 1 mort. He keeps his at 1 picomort. The guns are
designed, manufactured, and their risk is syndicated by a web of
distributed companies.

Upon his expiration, his lifeline chainlink oracle triggered the TRNG
stress pistol's smartcontract, instantaneously transferring the life
insurance payout to his wallet.

...

This is the story of his $10T (2019 USD equivalent) payout.

It was billed as the most extravagant evening anybody who was anybody
could experience. A crowd that made the Alfred E. Smith Memorial
Foundation Dinner look provincial.

These weren't the public facing type of well-to-do. These were the
behind the scenes. Chainlink barons. Hard hitting Jews. Jesuit
coadjutors. Bit bankers. Even a few Long-chain clone daddies.

Since the Urbit Diet of 2172, all scrip were backed on a few prime
assets and their induplicability. The only remaining Black Lotus
backed 1.2Tn worth of securitized assets. Pieter Brugel the Elder's
Triumpth of Death, Suicide of Saul, and Albrecht Durer's Self Portrait
at 28 backed 8 milion BTC wo8/rth of derivative assets and insurance
contracts, that's over 75% of the world's known active supply (~10.6M
at time of writing).

It's said in the past and again on the day the Edict was passed, that
the real was usurped by the simulacra. The only remaining things of
value were abstract works, no inherent value other than the whims of
PMP, a few Long-chain clone daddies, and rogue autonomous DAOs---the
only entities with a shell of mystery surrounding them thicker and
darker than that of the daddies.

What they saw that evening could come to be known as The Final Consolidation.