Listening to this on my bike ride

ON THE TOKENISATION OF TGE INTERNET.

@a16z Podcast: Why Crypto Tokens Matter by a16z on #SoundCloud soundcloud.app.goo.gl/DvxsH8DPpUW8xv…
Pretty informative. But one contention is conflation in price n value. Price is an abstract signifier
They also talk about how crypto is ultimately a reshaping of the foundations and protocols of the internet

They talk about economising the internet where value is transacted as a base layer rather than on top
They also purport that crypto is still creating the infrastructure behind many protocols and people and projects should focus on building the foundational layers that others can build into.

Supports my thesis we are still in the 80s of crypto
They also say all the worlds biggest decentralised projects are what more and more people work on. The 9-5 brigade are all going to be disrupted by decentralised teams.

They also say that apple and google are big but they think in terms of 2 years.

Crypto is 20 years Long.
They also show support for negative incentives. An interesting analogy they give is of email. There are no negative incentives for bad actors on emails so that’s why so many scammers still use emails.

Negative incentives cost you for bad behaviour.
They weigh the pros n cons of the governance models and they purport that every token is actually a mini government and mini central bank.

I don’t think making executive decisions in a decentralised way is always as effective or best.

Tokenisation is only going to increase.
This podcast was a great refresher to many of the fundamental concepts and would be a great intro to people who want to wrap their head around how crypto is such an innovation from a tech perspective.

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More from @GRITCULT

10 Jun
Nice. Watching this.

Just recently re read crypto currents by land last week
this goes into a lot of detail, the paper itself explores alot of the philosophical and economic ramifications of crypto and bitcoin.

i think however the paper is too entrenched in economics rather the technological ramifications, but not a fatal sin.
some points i disagree with, said

"keynes ruined everything" - Keynes didnt advocate for eternal stimulus

"bitcoin create objective truth" - it creates a version of the truth, it doesnt diminish alternate chain histories... clashes can happen all the time. (oracle)
Read 10 tweets
9 Jun
Let’s see if we can build something that can make corporations obsolete.

🍄
You know why dinosaurs n insects grew so large?

It was because of high amounts of oxygen in the atmosphere.

As fungus didn’t break down lignin in trees.

@meta_spore is trying to do the same to corporations.

Corporate entities need better liquidity.
Corporations are dinosaurs. They shouldn’t exist in the modern world.

Liquidity and exchange of goods and services should be peer to peer.

When Adam smith envisioned the invisible hand guiding the baker he didn’t see these mega structures
Read 4 tweets
8 Jun
reading the @Polkadot light paper currently

one thing sticks out to me

"Will there eventually be one blockchain to
rule them all? We don’t think so."

ill post my thoughts in this thread
@Polkadot first couple pages espouse the philosophy of the polkadot system

one of Interoperability

it does this via "sharding"
@Polkadot i think this is a good move for the crypto space and why i dont think one chain will rule them but rather chains and networks operate like websites and platforms

"More chains and more specialization means
more possibilities for innovation."- @Polkadot
Read 19 tweets
8 Jun
Listening to this while on a 40 mile bike ride.

Cover Strauss Marx and Zizek

Social Distortions | Ideology and the Real in America by Peter-Rollins on #SoundCloud soundcloud.app.goo.gl/ao3GtKiZtj3cgH…
The real does not exist but rather Is an antagonism according to Strauss.
The presenter does a great job at the start outlining the symptoms. And the conclusion. But he makes the wrong medicine. He outlines how ideology and the “map” is unreal as reality is subjective but then he makes the mistake of trying to rectify it. But outlining the problem …
Read 7 tweets
7 Jun
Yeah I seriously doubt the situation in xinjiang.

I haven’t seen any reliable evidence of china’s misdeeds.
Yea I’m sure China aren’t saints.

But I don’t think it is as bad the western propaganda machine makes out

America still has a lot more blood on its hands imo
Doubt it because trump got ousted because he wasn’t as harsh on China as the deep state wanted him to be.

China is a threat to the deep state soros elite.

Soros’ man got caught by China iirc
Read 4 tweets
6 Jun
WTFFF -- EL SALVADOR HAS JUST ANNOUNCED THEY ACCEPT CRYPTO

MAKING THEM THE FIRST COUNTRY TO RECOGNISE BITCOIN (BTC) AS A LEGAL TENDER (BITCOIN STANDARD)

HERE IS SOME FUD FROM MAINSTREAM MEDIA

LETS BREAK THIS FUD DOWN

///THREAD///
1.

REMITTANCES

THESE ARE PAYMENTS PEOPLE SEND "BACK HOME" IT IS DEFINED BY BEING A NON COMMERCIAL WORKER

WHY THIS MATTERS.

IT MEANS THAT THESE PAYMENTS CAN BE HUGE IN PROPPING UP FOREIGN ECONOMIES

THE REMITTANCE ECONOMY IN 2019 ~$715 BILLION
2. BITCOIN ALLOWS FOR MUCH CHEAPER TRANSFER OF MONEY

MOST REMITTANCE SERVICES (I PAY ALOT OF OFF SHORE PEOPLE), HAVE HUGE TRANSACTION FEES

SOME OF THE TRANSACTION FEES ARE HIGHER THAN A DAYS WAGE FOR A LOT OF THESE FORIEGN WORKERS

CRYPTO ALLOWS CHEAPER TRANSACTIONS
Read 25 tweets

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