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Mitja

@Futurizt

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GOSH Co-founder, Acki Nacki co-author

Joined June 2009
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@Futurizt
Mitja
4 days
P.S. Zero regulatory risk: SHELL isn’t stablecoin (not pegged, not algorithmic) under Digital Act/EU MiCA. NACKL is fully decentralized, no ICO, TGE, IDO, or Shitcoin tricks. Pure crypto, pure freedom.
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@Futurizt
Mitja
4 days
12/ Acki Nacki economy scales beautifully: bigger economy → narrower SHELL price volatility & wider premium for NACKL above USD floor. Growth reinforces stability, performance, and value.
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@Futurizt
Mitja
4 days
11/ SHELL price < USD stable = arbitrage. Buy resources cheaper, deposit SHELL back to Mint Pool, secure profit. NACKL holders rarely (more likely never) burn for USD (would lose future value). NACKL supply decreases naturally, reinforcing value.
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@Futurizt
Mitja
4 days
10/ Does this peg NACKL to USD? No. USD stablecoins are FLOOR for NACKL (can’t go lower), but CEILING for SHELL (never higher). NACKL's market value always exceeds USD floor as market always predicts higher future utility.
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@Futurizt
Mitja
4 days
9/ Compute resources are provided by validators/verifiers, rewarded with NACKLs. Thus, validators indirectly receive your deposited USD stablecoins. SHELL backed by Acki Nacki economy (like USD backed by US economy).
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@Futurizt
Mitja
4 days
8/ SHELL is pure utility: mint it only to buy resources. Always available at fixed USD rate = never rises above USD. No speculation possible. First thing purchasable: network compute resources.
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@Futurizt
Mitja
4 days
7/ Quick recap: deposit USD stablecoin → mint SHELL (≤coin). Deposits go to Accumulator. SHELL buys network resources; NACKL holders burn tokens for USD stables proportionally. Selling SHELL quickly? Do it cheaper on open market (≤).
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@Futurizt
Mitja
4 days
6/ USD stables deposited to mint SHELLs go to Accumulator Contract. Only NACKL holders can access these stables by burning NACKLs proportionally. Hold 1% NACKLs? Burn them & claim 1% of accumulated USD stables.
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@Futurizt
Mitja
4 days
5/ Need SHELL? Deposit 1 USD stablecoin into the smart contract & mint 100 SHELLS. Now you use SHELL for network fees or payments. To get stablecoins back, either deposit SHELL in Mint Pool or sell cheaper on the open market (hence "≤").
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@Futurizt
Mitja
4 days
4/ SHELL = "≤coin," or "equal or less coin." Why "≤"? Minted by depositing USD stablecoins—but it isn't collateralized. You can't directly redeem your stablecoins. Sounds crazy? Read on.
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@Futurizt
Mitja
4 days
3/ Why smooth reduction instead of halving every 4yrs? To avoid volatility & market shocks. Mathematically it's identical to BTC’s halving every 4yrs—but gradual, predictable, and stable over time.
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@Futurizt
Mitja
4 days
2/ NACKL is a deflationary "value" token, like Bitcoin PoS-simulator. Staked by participants for network security. Its mint curve copies BTC exactly, but instead of sudden halving every 4yrs, it smoothly reduces supply each block.
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@Futurizt
Mitja
4 days
1. Acki Nacki has 2 native tokens: NACKL & SHELL. Together they form a "Binary System" of tokens. Let's unpack quickly how this works: NACKL = value token (deflationary), SHELL = utility token (≤coin).
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@Futurizt
Mitja
10 days
Next battleground: Algorithmic stablecoins. Billions spent collapsing UST/LUNA & FTX to undermine trust. Protecting USD-backed stablecoins. Expect many more battles ahead on this front. 🔥.
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@Futurizt
Mitja
10 days
Stablecoins represent the second major blockchain use-case after Bitcoin. Dominating it secures USD as the future’s digital currency. What about Bitcoin? Harder to control. BlackRock tasked with that mission.
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@Futurizt
Mitja
10 days
Result? Expect a flood of inferior bank-issued stablecoins, restrictions on free trading of USDT/USDC, & increased market friction. Who benefits? Clearly, the US govt. Stablecoins are backed exclusively by USD/Treasuries—cementing USD dominance in digital finance.
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@Futurizt
Mitja
10 days
Reality: Banks initially resisted. Once inevitable, banks quickly pivoted to issue their own stablecoins, likely on private blockchains.
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@Futurizt
Mitja
10 days
Expectations: Law creates a green lane for fully USD-backed stablecoins, sidelines algo & crypto-backed ones, and puts compliance burden on issuers/exchanges.
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@Futurizt
Mitja
10 days
7️⃣ Asset freezing:.Funds can only be frozen by lawful order (court, OFAC, etc.). In practice, expect compliance similar to banks. 8️⃣ KYC/AML:.Required at entry/exit points (buying/redeeming from issuer/exchanges). Transfers between personal wallets remain KYC-free.
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@Futurizt
Mitja
10 days
6️⃣ User rights:.✅ P2P transfers & self-custody wallets remain unrestricted, no KYC. ✅ DEX access stays free. ⚠️ International transfers allowed only if issuer complies with sanctions/block orders.
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