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More from @JoelKatz

𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

18 Nov

Some things of value are (ideally) completely fungible like money, cryptocurrencies, and gold. Some are completely non-fungible like collectibles and houses. But there are also a lot of things that live in a semi-fungible middle like concert tickets and airplane tickets. 1/7

Blockchains started out with completely fungible assets and are now moving to cover non-fungible assets. But there's a huge market for assets in the squishy middle that is very poorly-served today. That is the market for digital rights. 2/7

Digital rights are rights to access particular content through some service that provides the content when needed. They include video games on services like Steam, books on systems like Kindle, and movies you've purchased on services like Netflix, Hulu, and Amazon Prime. 3/7

Read 7 tweets

𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

2 Nov

Anyone have any opinions of AngelList's syndicate system? My primary concern is that nobody has any significant incentive to do any due diligence because the investment from the lead tends to be either not disclosed or negligible.
angellist.com/syndicates

If only syndicate members have skin in the game and everyone else is playing with house money, where's the incentive to make the deal fair to syndicate members? And who is incentivized to do the thorough due diligence needed for such early stage investment? Am I wrong?

If I'm investing $10,000 and there's a lead whose investing $500,000 at the same terms I am, then I don't worry too much about having to check out the deal in full detail. But for $10K, I can't afford to do that and if nobody else can either, then it seems like a bad deal.

Read 4 tweets

𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

30 Sep

1/ ICYMI my keynote (or two) at #ApexDevSummit, I want to highlight the exciting updates coming to the #XRPL 👇

@MonkScott

2/ Today, XRPL devs can take advantage of the 1st implementation of Federated Sidechains – a toolkit or test lab to build your own blockchain while still enjoying the benefits and functionality of the #XRPL Mainnet. @MonkScott dives in here: bit.ly/3AWFVkB

3/ Sidechains make it easy for developers to customize the chain for their use cases, such as private networks, securities trading, DeFi...

Read 9 tweets

𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

7 Jun

Today I introduced my vision for adding federated sidechains to the XRP Ledger which means a lot of things but essentially that anyone who wants to, can run a sidechain to the XRPL. 1/6 dev.to/ripplexdev/a-v…

The “federator” is software that acts as a bridge between at least two instances of the XRP Ledger, i.e. the XRPL mainnet and one or more sidechains. 2/6

This concept would allow each sidechain to have its own ledger and transactions, as well as a federation system that allows XRP and issued tokens (BTC, fiat, anything really) to move from one chain to another. 3/6

Read 6 tweets

𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

24 Feb

https://twitter.com/RippleXDev/status/1364592325775683589

Version 1.7.0 introduces key improvements that directly impact the network’s server operators, i.e. slashing memory usage by 50% to reduce server cost and improve server stability. 1/4

https://twitter.com/RippleXDev/status/1364592325775683589

Memory is a critical (but scarce) resource (esp. w/ virtualization), short-term usage specifically is a huge pain-point for server operators. By reducing the amount required, small servers and large clusters alike benefit. 2/4 (More on this here: blog.ripplex.io/how-ripples-c-…)

Also newly introduced is forward ledger replay, which helps to save server time and bandwidth by "playing forward" transactions from a previously saved ledger until it catches up to the network, improving network stability. 3/4

Read 4 tweets

𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

29 Jan

Investors in almost everything can reasonably expect their gains to average well above what they could get if they took no risk. A stock portfolio might average 6% or 8% a year, more than bonds or savings accounts. 1/6

But really, no investment can be rationally expected to do significantly better than any other once adjusted for risk. Why? Because if one was, it would get crowded and whatever value it could produce diluted until it was no longer significantly better. 2/6

This is why I opposed bailouts for travel companies throughout the pandemic. Their owners made good money for many years and in exchange they took the risk that a global event would devastate their industry. That's the deal. 3/6

Read 6 tweets

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