$BORED 

The Anti-Memecoin Memecoin

Disclosure: The $BORED community project is a memecoin and a piece of performance art that represents cultural and attention-based energy. Memecoins are not equity securities and the ownership of a memecoin does not correspond with ownership in an entity or a share of the profits or revenues of a business venture. This whitepaper was created by a community member for community members. 

In the beginning, man was BORED. And then he created beautiful things. Agriculture, machines, art, and music. But then man became less BORED. He invented memecoins and being BORED became difficult. Impatience, vomit-inducing charts, asking for roadmap, wen wen wen wen wen wen wen wen!!?

Being BORED is a meme that rejects the idea of the “memecoin casino”, constant trading, unhealthy levels of connectivity, zero-sum games, staring at charts, and general stress and anxiety. The intention for BORED is to experiment with a type of “Network State” within the Base ecosystem. One that, as Vitalik Buterin puts it, is a fun “positive sum version” of the memecoin trend that generally feels very PvP (Player vs Player). Being BORED is a very good thing. It leads to creativity, invention, and focus. We want more people to be BORED. In that sense, BORED is more of a culture coin than a memecoin.

It would be fair to compare BORED to a reputation score. The more you have, the longer you hold, the more everyone knows of your elevated status. And perhap, the more you will create for the world with all the free time you now have, not being wasted away in the vortex of memecoins. The chain reveals all. About your digital activity, and your soul. A BORED human is an elevated human, and such individuals should be considered gods amongst men and meme. This status will be sought after by all digital citizens.

Like many societies governed by rules and contracts, there is also room for norms and “social contracts.” Not all good and bad behavior is enforced, but social norms help push people towards mutually beneficial behavior and kindness, and away from nefarious activities. The idea for BORED attempts to lean more heavily on social contracts, not smart contracts. Ones that anyone can opt-into or out of.

Do you have the willpower to be BORED? Will you allow yourself to hold BORED and let it take away your desire to chase the unicorn of the next memecoin? Let’s be BORED together.

The BORED commandments:

• Buy BORED

• Hold BORED

• Build BORED

• Share BORED

• Never ask wen

• Do not covet roadmaps

• Be BORED to the unbored 🥱 

Prior to explaining key distribution mechanics of the BORED memecoin, it is critically important for existing and future community members to deeply comprehend a key theory that will guide participation in the memecoin, but also in life. Much related to the concept of the “Lindy Effect” (also known as Lindy's Law is a theorized phenomenon by which the future life expectancy of some non-perishable things, like a technology or an idea, is proportional to their current age. Thus, the Lindy effect proposes the longer a period something has survived to exist or be used in the present, the longer its remaining life expectancy. Longevity implies a resistance to change, obsolescence, or competition, and greater odds of continued existence into the future.

Theoretical Maximum Boredom (TMB)

The concept of Theoretical Maximum Boredom (TMB) is an intriguing, basic attempt to mathematically analyze a state of extreme boredom using calculus and logarithmic functions. The TMB equation is expressed as:

Where:

• x represents the hours since you last declared feeling BORED.

• F is the frequency of internal repetitions of the phrase, "Why am I here?"

This formula explores the limits of boredom as X extends towards infinity, providing a sharp lens on human psychology and tolerance for ennui.

Numerator: Here, X^2 is a quadratic term that rapidly increases as x increases, symbolizing the growing ennui that magnifies over time when one is bored. In contrast, ln(X) grows at a much slower rate. Logarithmic functions are known for their slow ascent; thus, ln(X) here subtly hints at the slowly creeping realization and irritation of being stuck in a dull situation. The subtraction of ln(X) from X^2 suggests that the rapid escalation of boredom is slightly mitigated by a slow-growing sense of awareness or adaptation to the boredom.

Denominator: The X^3 in the denominator serves as a cubic scaling factor that grows faster than the quadratic term in the numerator. This means that as time becomes extensively large, the effect of the quadratic growth in boredom is outpaced by the cubic rate of time passage, implying that no matter how boredom scales with time squared, the passage of time itself (cubed) will eventually overshadow it. This conceptualizes a sort of "boredom saturation" where the feeling of boredom can no longer intensively grow because time dilutes its effect per unit more swiftly than boredom can accumulate.

Frequency of Existential Questioning: F multiplies the entire fraction, acting as a scaling factor based on how frequently one mentally revisits the existential question, "Why am I here?" This reflects a psychological loop where the frequency of questioning one’s purpose or actions during unstimulating periods amplifies the felt intensity of boredom. Higher values of F suggest a deeper, more frequent contemplative state that could either compound the boredom or perhaps lead to introspective insights, humorously suggesting that deep thinkers might experience boredom more acutely.

Taking the Limit as X approaches infinity: The limit as X approaches infinity is a classic move in memetic calculus used to explore the behavior of functions as they extend towards unbounded domains. In this equation:

Both terms in this expression approach zero as X increases:

• 1/X approaches zero because the denominator (time cubed) grows faster than the numerator (time squared minus the slow-growing logarithm).

• ln(X)/X^3 diminishes even more rapidly to zero due to the cubic denominator overpowering the logarithmic numerator’s relatively mild increase.

Thus, the entire expression trends towards zero, illustrating that as time extends to infinity, even profound boredom cannot grow unbounded—it reaches a theoretical saturation where it can increase no further, capped by the relentless passage of time. This offers a mathematically sound commentary on the human condition: no matter how bored you are, time itself will outpace and eventually "dilute" your boredom, leading to a theoretical maximum beyond which boredom cannot intensify.

Conclusion: The Theoretical Maximum Boredom (TMB) equation is a mathematical exploration that uses serious calculus concepts to memetically quantify the level of BORED one is. It serves not only as a powerful metric but also as a reminder of the relativity and impermanence of human feelings, even boredom. The equation, while theoretical, provides a delightful nexus between mathematics and the philosophy of mind.

$BORED Distribution

The experimental platform, Party was used to launch $BORED with a specific even split mechanic (1:1) for distribution of coins between member allocations and a liquidity pool. Rationale: If LP % and party members % are different, the price will be either above or below what party members paid and this historically leads to unnecessary market volatility. Thus, the mechanism requires the price to open exactly at the same amount as party members paid into the initial community crowdfund. More documentation regarding Party can be found here. 

Breakdown of Distribution* (reflecting requirements):

1. 40% - Contributing members

2. 40% - Liquidity Pool

3. 20% - Boredcaster NFT Holders (Reserve Pool) to be released in 4 trenches across ~12 months (5% distribution x 4) with the first release taking place towards the end of April 2024**

Key Attributes

• Token Name: $BORED

• Supply: 3,141,592,653

• Chain: Base (EVM L2)

*The distribution of $BORED is intended to be brutally simple, free of complex systems and ponzi-style dynamics that try to mitigate uninterested parties from leaving the ecosystem too soon. The initial goal of this project is to flush such actors (the unbored) out as soon as possible, and to quickly establish $BORED as a true decentralized memecoin that is powered by the community. The game mechanics are focused on memetic energy around the culture of BORED. And as we’ve seen from the last 6 months, people want culture on chain.

We have proposed a system for electronic boredom without relying on roadmaps. We started with the usual framework of memecoins made from digital signatures, which provides strong control of tracking who is the most BORED, but is incomplete without a way to prevent unbored from infiltrating the network state. To solve this, we proposed a peer-to-peer boredom network using proof-of-bored to record a public history of transactions that quickly becomes emotionally impractical for an attacker to manipulate if the most boring nodes control a majority of community power. The network is robust in its unstructured simplicity. BORED nodes work all at once with little coordination. Nodes can leave and rejoin the network at will, accepting the proof-of-bored chain as proof of what happened while they were gone. They vote with their wallet power, expressing their acceptance of BORED blocks by holding onto them and extending them and rejecting invalid unbored nodes by refusing to acknowledge them. Any needed rules and incentives can be enforced over time with this consensus mechanism.