6529 Profile picture
20 Sep, 4 tweets, 1 min read
It is hard to imagine a worse system for managing KYC than the current system of disclosing oodles and oodles of personal information (and photos) to the customer service reps of many different organizations
6529 has a significant IRL job. I have to do this weekly +/-.

It is the dumbest thing in the world, as if there were not 100 better ways to confirm my residency / identity than sending utility bills (home address), ID numbers, photos etc to hundreds of people / year
To take the dumbest example, confirming that you are a resident of country X is a different question than "what is your home address and how many kwh of electricity or BTUs of gas you use"

The fin svcs firms need the former, not the latter
6529 had to certify a document today so feeling especially amazed at the IRL process.

If crypto people proposed this as a new system of trust, we would be laughed out of the room.

Every single step is trivially hackable. It is just social convention, nothing more.

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More from @punk6529

21 Sep
1/ On NFA (Not Financial Advice)

I am making this thread so I can refer back to it because more and more people are copy-trading me in their purchases

🚨 Key message: Do not assume that anything I buy or tweet is a good investment or 'financial advice'🚨
2/ As we have discussed before, 6529 is on a mission-based journey and that mission is not necessarily to optimize return on investment on NFTs

So the first thing you should know is that, in most cases, I am not buying NFTs because I plan to sell them at a higher price
3/ If an NFT I buy makes sense for the 6529 mission and is never liquid again, that is fine for me.

Related: I am buying for the 6529 Museum.

Often I am not buying NFTs that are financially optimal in isolation but match a theme in the Museum
Read 16 tweets
20 Sep
1/ This is 100% correct. The first phase of this were broad horizontal self-booted up communities like BTC and ETH.

And more of these will emerge too.

But (and?)...
2/ ...what we are seeing with ERC-721 and NFTs is the opportunity to represent communities with higher resolution directly on chain.

One of the reasons for tension sometimes within BTC or ETH, fork wars etc is, in effect, battles about what the community is, what it represents
3/ I believe in NFTs we will see smaller, tighter, more vertical communities with roles more finely represented.

And forks are much easier to manage. We can make more JPGs trivially without risking network security
Read 4 tweets
19 Sep
1/ On Metaverse Land

This is a very short thread, but something that has been bothering me since the spring and I think I now have an initial point of view on it

6529 does not yet own any metaverse land (decentraland, sonmium, etc) bc I had some concerns I had to work through
2/ Concern 1: I don't understand conceptually why metaverse land should be scarce from a consumer product market fit perspective.

I get that, say, decentraland limits land to make number go up, but the marginal cost of metaverse land is zero and we need to bring 1B ppl onboard
3/ So I think, basically, any metaverse that limits land to some artificially small amount will eventually be outcompeted by a metaverse that onboards tens or hundreds of billions of people for close to free

And that is likely to be a centralized institution which is bad
Read 16 tweets
18 Sep
1/ On the 6529 Squiggles Collection

As most of you know, the 6529 Museum collects "horizontally" in @artblocks_io, meaning across collections, to show the spectrum of output across AB Curated projects.

The historical/curation value of the horizontal view in time will be 🔥
2/ It has been, however, a long-standing 6529 Museum goal to have a vertical collection of Chromie Squiggles.

Squiggles are the first, iconic and largest ABC collection, the most memetic and, initially, quite controversial, "you paid what for those squiggly lines?"
3/ I don't think you can introduce Art Blocks without introducing the Squiggles

And how can you really give a visitor about to enter the 6529 Museum AB wing an understanding of Squiggles without seeing all the various types?

So off I went on a mission
Read 38 tweets
15 Sep
1/ On Emerging NFT Photographers

This will be a relatively shorter thread. I do not claim to be an expert on this topic, but there are more projects and more people in DMs on this topic, so wanted to share some initial thoughts
2/ This thread is not directed at established NFT or offchain photographers.

They are fine, going to have massive audiences and distribution and will do very well.

This is for those trying to get established.
3/ Let's start with the general concept that NFTs and their ecosystem (OpenSea, Foundation, SuperRare) give photographers (as with all artists) a vastly vastly better distribution and demand aggregation system.

First step, read @cdixon on 1,000 true fans

a16z.com/2021/02/27/nft…
Read 33 tweets
13 Sep
1/ 🚨🚨🚨 Opportunity for a writer/s to earn some ETH 🚨🚨🚨

It is clear that for the 100M project we need better on-boarding guides.

"What is an NFT?" "How to buy one?" "What is the wallet whose name cannot be spoken", etc
2/ 6529 is willing to fund 1 or more writers to write some onboarding guides that we can all use to bring our frens onboard.

Necessary skills: Excellent native-English language skills, excellent understanding of crypto and JPGs. (I can't handhold on this). Also speed!
3/ Payment will be on a reasonable IRL hourly or piece rate, but can be paid in ETH.

This is a contractor job.

You will have to be doxxed unfortunately due to 6529's real-world regulatory obligations.
Read 10 tweets

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