Cover photo

ChatGPT, explain bonding curves to me as if I am a duck.

I Still Don't Understand Bonding Curves

Lauren McDonagh-Pereira @lampphotography

Lauren McDonagh-Pereira @lampphotography

Alright, little ducky, let’s talk about bonding curves in a way that’s easy to understand!

Imagine you have a pond with lots of ducks, and you all want to trade shiny pebbles. These pebbles are very special because they represent the value of something everyone in the pond wants, like tasty bread crumbs.

Now, let's say you have a special machine that helps you trade these pebbles for bread crumbs. This machine uses something called a bonding curve to decide how many bread crumbs you get for each pebble you put in, and how many pebbles you get for each bread crumb you take out.

Here’s how it works:

  1. Starting Out: When there aren't many pebbles in the machine, each pebble is worth a lot of bread crumbs. This is because there are only a few pebbles, so each one is very valuable.

  2. More Pebbles: As more ducks put their pebbles into the machine, the machine gives out more bread crumbs. But, since there are now more pebbles in the machine, each new pebble is worth a little less. This means you get fewer bread crumbs for each pebble compared to when there were fewer pebbles.

  3. Even More Pebbles: If lots and lots of ducks add their pebbles, each new pebble is worth even fewer bread crumbs. The machine adjusts how much it gives out based on how many pebbles are already inside.

  4. Taking Out Pebbles: When ducks want to take pebbles out and get bread crumbs in return, the opposite happens. If there aren’t many pebbles left in the machine, each one you take out is worth a lot of bread crumbs. But if there are many pebbles, each one is worth less.

So, the bonding curve helps balance how many bread crumbs you get for your pebbles based on how many pebbles are in the machine. It makes sure that the value of each pebble changes smoothly as ducks trade more or fewer pebbles.

In short, the bonding curve is like a clever duck that always knows how to keep the trade fair and balanced, making sure everyone gets a fair amount of bread crumbs for their shiny pebbles!

Quack quack! 🦆

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

This week I built an article explaining bonding curves to ducks. https://paragraph.xyz/@lampphotography/chatgpt,-explain-bonding-curves-to-me-as-if-i-am-a-duck

Duxander.base.eth |🔵Farcaster
Duxander.base.eth |🔵
Commented 11 months ago

Whata 👀

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

I made it for you. ❤️ 🦆

Duxander.base.eth |🔵Farcaster
Duxander.base.eth |🔵
Commented 11 months ago

I'll check it 👀🫂🦆

Duxander.base.eth |🔵Farcaster
Duxander.base.eth |🔵
Commented 11 months ago

I read it, it's funny. sometimes I'm shocked at the capabilities of AI.

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

Me too

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

The perils of scheduling casts 😂

aaronvFarcaster
aaronv
Commented 11 months ago

rut roh gotta keep the timeline fresh

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

Yup failed me 🫠

Andrei O.Farcaster
Andrei O.
Commented 11 months ago

Imgur is used for farcaster and for threads because S3 wasn't being rendered properly on Warpacast(because Warpacast can't render many media types) and Meta had issues downloading form S3. For Lens we use S3 and for Twitter and Bsky their API. I must admit that imgur has some limitations around uploading size and image lifetime.

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

There aren't enough hours in a year to accomplish everything I want to do in a day. 😥

aaronvFarcaster
aaronv
Commented 11 months ago

u calling it quits?

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

Nope, just chugging more coffee and trying to prioritize.

aaronvFarcaster
aaronv
Commented 11 months ago

mainline it

Zach LippFarcaster
Zach Lipp
Commented 11 months ago

she’s too busy replying that she’s lost her touch as she doesn’t reply back to her original replies, may be time to slow down @lampphotography

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

Hahaha in the last 36 hours I have driven half an hour to a playground/splash pad and chased my kids around, driven to the library to pick up to caterpillars in delicate chrysalises that my 3 yo won at the library, had a phone interview, threw a birthday party for my daughter with 4 grandparents and a great grandmother, slept, drove an hour to another job interview (WITH THE KIDS!) drove an hour back, had another phone interview, and now I am frantically replying to yesterdays replies before the 3 pm Princess Party at the library. Degen and job seeker and SAHM.... someone heal my post concussive syndrome so I can have a drink tonight 😂

aaronvFarcaster
aaronv
Commented 11 months ago

😂

BeatrizFarcaster
Beatriz
Commented 11 months ago

That's why I always wish for more hours in the day, but then again, I think if I actually had those extra hours, my body wouldn't make it to the end of the day.

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

I wish that I, and I alone genuinely didn't need sleep. If everyone didn't need it, we would have 16 hour work days. If it was just me, I could rule the world

BeatrizFarcaster
Beatriz
Commented 11 months ago

😁 I used to be much stronger, but as my dysautonomia has worsened, I find myself running out of energy by midday. It's especially tough now in the summer when the heat and sudden drops in blood pressure keep me from going outside. But I still remember the days when I was full of strength and felt like I could take on the world.

meta-david 💥| Building Scoop3Farcaster
meta-david 💥| Building Scoop3
Commented 11 months ago

I feel this big time...get a limited window to work with because of the kiddos. Thankfully they're so damn cute and fun to make up for it, haha

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

That's true. I had my first of 3 job intereviews this morning and it was a full hour away and I had to take the kids with me because my childcare fell through at the last minute. I am feeling extra drained.

meta-david 💥| Building Scoop3Farcaster
meta-david 💥| Building Scoop3
Commented 11 months ago

That’s brutal!!

Emily 🎩🃏🍖Farcaster
Emily 🎩🃏🍖
Commented 11 months ago

Yiu have a busy day 🥲

tknox.eth🟪🎩Farcaster
tknox.eth🟪🎩
Commented 11 months ago

never.

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

I just can't keep up

ˢʷᶦᵐ 🩸Farcaster
ˢʷᶦᵐ 🩸
Commented 11 months ago

i need like 1 bajillion extra hours

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

Especilally when you want to do 100 replies in a few minutes

ˢʷᶦᵐ 🩸Farcaster
ˢʷᶦᵐ 🩸
Commented 11 months ago

lol got me there

Duxander.base.eth |🔵Farcaster
Duxander.base.eth |🔵
Commented 11 months ago

*words of support*

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

lol thank you. I am on the struggle bus to struggle town rn

Duxander.base.eth |🔵Farcaster
Duxander.base.eth |🔵
Commented 11 months ago

👍 👍 🍖x500

Zach LippFarcaster
Zach Lipp
Commented 11 months ago

💯 🍖 x 2256

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

Ooooh thats a lot of ham

nicculus 🎩Farcaster
nicculus 🎩
Commented 11 months ago

currently working on 3 smart contracts 🧠🔥🫠

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

Impressive

nicculus 🎩Farcaster
nicculus 🎩
Commented 11 months ago

once it becomes "repeatable" it's kinda hard to unsee 🫣

Mehedi1976.eth 🎩Farcaster
Mehedi1976.eth 🎩
Commented 11 months ago

You open something new?

Lauren McDonagh-Pereira Farcaster
Lauren McDonagh-Pereira
Commented 11 months ago

Job hunt, full time at home with kids, Warpcast hustle, blog to maintain, photos to edit, house in shambles that needs a cleaning crew. I might die.

ChatGPT, explain bonding curves to me as if I am a duck.