Apps run on Ethereum are secure from hackers, because the blockchain ensures data stored in the app cannot be changed.
The combination of perfect security with executable code has created “Smart Contracts” and lead to many new kinds of apps.
“Smart Contracts” are like having a robot lawyer live in a computer. This robot lawyer can observe, validate, and execute agreements between total strangers perfectly, cheaply, millions of times per day.
With Ethereum, for the first time, you can trade with someone you don’t know or trust — IF you both agree to the code (Smart Contract) that determines your agreement.
If this isn’t an “oh shit!” moment, think about how much time, energy, and money we spend on preventing fraud, protecting ourselves, achieving trust, or recouping losses.
Examples of trust as a primary value driver:
- Lawyers
- Car Titles
- Property Titles
- Insurance
- Banks
- Credit Cards
and, trust is the foundation of the value of many Brands.
Want to buy art, insurance, domain names, stock, tickets, music rights, cars, digital files… without worrying about getting scammed?
It’ll happen on Ethereum.
The code for Ethereum is written by a self-organizing group of volunteers, who openly share the ideas, the rules, and the code so the community can verify and validate.
The radical vision is that much of the trust we currently place in Governments and Banks would be better-placed in visible code created by this open community.
Anyone can be a part of the Ethereum movement by owning Eth, contributing to Ethereum, or building and using decentralized apps.
Took a closer look at top blockchain development courses with @jesse_l_powers and we picked out the 5 most promising. Shown here including Table of Contents, instructor background, length, and pricing:
@drbillnye@bowman This journey started 6 months ago with a conversation at @CapitalCamp (fitting!) with Al, who has also been investing most of his career too.
We shared a ton of values on founders we support and investors we want to be: long-term and founder-first!
Podcast Episode #022: @timhwang is the most interesting man on the internet.
In this hilarious 60-min episode:
- Trade Journals as industrial anthropology
- Bots to waging Information War on social media
- Going to Law School *Secretly*
- Legal Services for internet creators
- Academic Journals studying Images of Mark Zuckerberg
- Tim’s book predicting a bubble in targeted digital advertising
- Authoring Conspiracy Theories
I found him through Trade Journal Cooperative, which is basically National Geographic for Capitalism.
A new Trade Journal from some niche industry curated for you each quarter.
Very excited to see @TripleBlindAI raising another round and growing quickly.
This technology will truly change the world.
Tripleblind enables private algorithms to run on private datasets (like medical records) and return valid results without ever moving or exposing the data or the algorithm.
Making the zetabytes of data that need to remain private accessible for study will advance medicine, prevent fraud, and accelerate AI.
Tripleblind also protects algorithms, keeping those assets proprietary, but allowing them to process data and deliver results.
Types of scarcity, applications, and how the world might change.
This keeps coming up in conversations trying to grok web3 and play out the scenarios, so I tried to flesh out digital scarcity here.
🧵 (with pictures!)
Using Blockchains, computers can create scarcity in ways only humans have been able to do reliably before, but at the near-zero cost levels of other digital media.
@cdixon calls this "computers that can make commitments"
We have scarcity everywhere in the analog world. Technology to create low-cost scarcity in the digital world unlocks opportunities to manage the analog world with digital tools.