The wager
A bet against the people who say it is fine.
Clock reads . Score of 60.
You wager by burning JUNO. The tokens go to the dead address and never come back. What you get in return is a share of the pot, sized by how much you burned against everything anyone has burned.
The pot is filled by the trading fees of the JUNO contract, 0x2bf8ce7d31f5856aca4bd8d4e3a99e336a0c1e18, paid into the clock in ETH. It does not pay on a schedule. It pays when the clock moves.
Each new entry in the record releases a slice of the pot equal to the seconds it advanced the clock, divided by the seconds that were left. A weight 4 entry at 23:56 releases a much bigger slice than the same entry would have at 23:35. Burners who were in before the entry split that slice. Burn after it and you only share what comes next. At midnight the whole pot pays out and the clock is retired.
Rewards accrue to your address and you claim them whenever you like. There is no way to unburn. Supply only goes down.
Status: JUNO is live on Robinhood Chain at 0x2bf8…1e18. The clock contract is not deployed yet. You can connect a wallet now. Burn and claim switch on when it lands. The calculator below is a model.
Model it
Numbers you type, not numbers from the chain.
Questions
- Why burn instead of stake?
- Staking can be undone, so it says nothing. Burning is a bet you cannot walk back. It also shrinks supply for everyone still holding, which is the other half of the wager.
- Is this cheering for things to go wrong?
- No. It is a way to be paid for being right about the evidence when the labs' own reports say what they say. The clock only moves on documented events. If the next year of system cards is boring, the clock sits still and the pot sits with it.
- Who decides the weight?
- The weight table, applied in public. Disagreements happen in the replies where anyone can read them.
- Can the clock go back?
- No. An entry can be removed if its source turns out to be wrong, and the score recomputes. But a fixed model does not undo the record that it needed fixing.
- What happens at midnight?
- The pot pays out in full to holders and the clock stops. What comes after is not this site's problem.
- Why the snail?
- Because the clock does not run. It creeps. Nobody notices a snail crossing a room until it is on the other side, and by then it has been going the whole time.