This system's increasing obsession with, and glorification of, money (or "value" as y'all call it) is probably the largest threat to a system that can create money-value out of code and tweets.
Having money doesn't necessarily improve you condition.
Creating new money doesn't necessarily improve society and the human condition.
Having money *can* give you some power. It can give you some control. It can give you some choices otherwise unavailable. The more you have, the more it *can* give you, to a point.
But creating new money doesn't give you any power outside that circle of money.
Real power comes not from the money itself but from controlling the circle.
Partially by controlling what's inside the circle.
But mostly by creating the circle, controlling who gets in the circle, who can leave the circle, and the relationship w other circles.
There cannot be a person that draws the circle to include or exclude another.
Or breaks down the bridge.
Or shoots from the top of the infinitely tall wall.
That creates an imbalance of power.
That removes autonomy and sovereignty from the system.
That does not improve shit.
But more importantly:
THERE CAN BE NO CIRCLE.
This is not about creating new money.
That will lead you to excitedly drawing your new fancy circle and racing to happily put it on their game board like "hai 👋👋 so happy to meet yall. bridge? xoxo"
This cannot be about the money ("value") you mint and destroy like the master of the world you subconsciously want to be because that's the only world you know and the world kinda sucks sweaty stinky balls but now it's better bc now you can mint and destroy new money.
And the more you glorify the money making and money trading and money hoarding and money money money money money the only valuable thing is money so hungry for more money...
The faster you will (happily, excitedly, proudly) rebuild the existing system but almost certainly worse.
IF Person 1 > Person 2 => old system
ELSE IF Person 1 < Person 2 => new system
ELSE => actual fucking value
We need to aim for the `else` state.
It's the actual fucking value state.
Not the money state. Not the power and control state. Not the US govt state, China state, or Zuck state.
"yeah but you need something to make value efficient that's what [Bitcoin/Ether] is. Not new better."
Its the middle of August. EIP-1559 is here. The current Base Fee is `40.` For simplicity, and 0% of confidence in the future state of the network, let's say there's an equal probability that the base fee is any number between `30` and `50` if your TX is included in block....
What TX fee do you use?
Oh what's that? You don't have enough information? Okay fine.
Background:
Base Fee = Set by network, is burned, changes each block by <12.5%. You know the Current Base Fee (40).
Tip = Set by user/wallet. Paid to miner.
Max Fee = Set by user/wallet. Amt you send your TX with. Max you could pay.
I know a lot of research and technical brilliance went into EIP-1559. And I know I've stayed relatively quiet on the subject for a variety of reasons but...ugh. fml.
EIP-1559 does NOT deliver.
(ps: read before you speak. this isn't personal so don't @ me like it is. 😒)
EIP-1559, along with other EIPs, were initially conceived and proposed because the gas limit/gas price mechanism could be better. It's could be more efficient. It could be better for users. It could introduce more certainty. Improving things is GOOD.
If you were deep into cryptopunks in june 2017 and can spare a moment, plz read on.
Doesn't matter if you were part of team or part of community, just that you are intimately familiar with how one would have most likely created a new wallet + bought punks back then
1. If someone only had crypto in their Coinbase account and wanted to buy a punk, what would they have most likely used (what was recommended? Tutorials?) to create a new wallet?
2. Then what?
3. If they had a ledger or trezor, would they have been able to buy a punk directly with their hardware wallet? Was it common?
Wow did not resonate with me at all. The problem here is not crypto.
This is what happens when no one sets the stage, no one creates a shared experience token holders ("community" lol), no one has conviction in shared set of values bc values didn't come first, the $ came first.
I don't know much about Jon or whatever part he played in whatever he was part of that triggered his truth-rage.
But this isn't about Jon. This is about the 99% of shitcoins and shitheads in crypto and, if you follow me, it's the shit you see, the shit you hate, and the why.
If you arbitrarily create a group of people by selling them all a token, they will do as you do.
Well, first, theyll share some traits bc they all bought your sales pitch. How you sell matters far more than if you were selling toilet paper to shitheads. Bc you need them later.