Urgh. So many ducks to get in rows. So much to do, so much I would have done differently. Still butting up against capacity limits of various kinds. But people are starting to get it, starting to grasp what the @Mattereum game plan really is.
It's funny watching the penny drop for people: it starts with "ok, so the stuff is in a vault" followed by "wait... how do I know what's in the vault is real? I can't even inspect it!"
Well, that's right. And you've already paid in crypto, so you can't get the money back. Right?
Once people get that insight, "oh you have to prove what is in the vault!" everything else pops into place neatly. One short socratic dialogue later, the wonder is clearly perceived: "the NFT is a financial instrument which may happen to contain a physical item, plus arbitration"
And believe me, this is not a trivial insight. Nobody's ever seen physical objects in this way before: you have to *reimagine property* to attain Smart Property.
The Smart Property Revolution would have seemed premature if we had said it a couple of years back. Now? It's today.
Smart Property is good property. It's property with CO2 offsets, perfect ownership records, excellent secondary market value, full insurance, and no hidden overheads: it's property that does what it said it would, or your money back.
It's how you want the world to run.
I am, frankly, bored to death with Asset Passports: I've been working on them solidly for two years, they work, it's time to hand them back to the team.
Smart Property is the next layer in the Mattereum stack, and that's where I'm going to be focussing my attention late in 2021.
I'm like a shark. If I'm not innovating, I get sluggish and boredom begins to set in. I bet we've got five people inside of Mattereum who understand Asset Passports as well as I do.
Won't be much longer before I can move up the stack one layer and start building the next part!
Realising I'm bored with Asset Passports is a big realization for me. There hasn't been a real problem associated from conceptual errors in our Asset Passport model in three months, six even, and that's an indicator it's time to start work on the next layer of the Mattereum stack
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2) metamodernism falsely claims all the action is in the space between *modernism and **post-modernism.
* myth of progress
** myth, because progress towards what?
Progress requires goals. Pomo argues successfully there are no clearly defined goals without totalitarian aspects.
3) the “goal crisis” causes political shattering among the deep readers. A similar crisis to the 1950s aeon.co/ideas/how-camu… related to nihilism and existentialism: “now that we are free, what do I do?”
In our times, this goalless shattering results in intersectional politics.
I'm about to describe how the @Mattereum system integrates into Rarible and the rest of the NFT ecosystem, and how we're going to get gold bars online in Jan 2021, barring unforseen problems.
Here's the technical backgrounder thread if you're wondering...
So now we've got this handy Asset - a web of Fiat Contracts which take your money in exchange for the ability to enforce legally if this object is wrong.
*Now* we can mint an ERC721 for the object.
Here's the NFT. Here's the Asset Passport which defines the NFT. Can you buy it?
And let's be clear here: we're talking about *physical* delivery of a *physical* valuable asset, defined by *fiat* contracts, enforceable all over the world, off an ERC721.
This is deep, deep uncharted territory. This has never really been done before, not in a functional way.
Alright. Let's talk about what's going to happen next with @mattereum.
Things are about to get really interesting. I'd liken what we're about to do to the invention of e-commerce. We are about to do the first sale of physical assets on Web3 which fundamentally improves on Web2.
The first thing you're going to notice: we have very poor language for talking about this innovation.
Why? It's new-new. So new we don't know how to talk about it.
Imagine trying to explain what a "domain name server" is to somebody who has never seen a web page.
We are here.
Right now there is an almost metaphysical separation between the world of "crypto" property rights, where code is law, and "fiat" property rights, where law is law.
Crypto property is global property, its jurisdiction is (roughly) "The Internet". Fiat property is in countries.
The key question about running a green, lean global economy is eradicating waste without also killing innovation.
In my ideal world, we overhaul patent: if you build a category killer, you get royalties forever, but anybody can build on top of your design. No innovation lock!
It's easy to identify what is perfect, but once the Perfect Form is reached, how do we stop the manufacturers of the imperfect form soldiering on?
It's a propagation-of-best-practices question like encouraging users to upgrade software.
Once in a while you just level up, see something that clicks, and nothing is quite the same after that. Those life defining shifts in perspective.
This one is not easy to describe. It’s about how we model and speak about power.
I had one of these about money in 2014, triggered by the COSMIC TRIGGER play put on by Daisy Eris Campbell and the gang. Left my underpaid thinktank job and went to work for the Ethereum team pretty much on the spot.
One life ended, and another began. Things *really* changed.
I recently defined power as "there is nobody I have to lie to" which took some people by surprise. I was surprised they were surprised.
Then I realized that to a lot of people, power isn't about self-determination, power is about control.
Everybody is lying, all the time. Except the nerds, who are *really bad at lying*.
This incapacity makes the nerds "socially awkward" and leads them to build small enclaves (like "science" or "tech") where people mostly don't lie, so machines work.
People are lying to each-other for advantage, and to themselves because life is unbearable if you are attached to it (family etc.), and aware of the presence of death.
People who lie should not meditate too much. The lying should more or less entirely stop before the meditation.
I find it very hard to understand when people lie. This makes me naive. It makes very little *sense* to me. Like, why not just *fix the situation* instead of leaving it broken, and lying about it.
This is, of course, a working definition of *power* - there's nobody I must lie to