2/ Harberger taxes sound good in academic textbooks (efficient!) but there are good reasons - transaction costs & the fact that people overvalue what they own (psychologically) - that we don't actually implement them. Leaders would be immediately voted out or defenestrated.
Aug 27 • 22 tweets • 5 min read
1/ On Royalties II
First, please read this, my initial take on royalties, I still stand by all the below and want to build on it
This is a thread for people at junior to mid stages in their career (people at senior levels generally operate this way and, at very senior levels, they all operate this way).
It is updated for 2022 practices
2/ First the obvious, but still not really obvious until you have lived it.
Any sufficiently senior level person in any field - business, non-profits, art, entertainment, government, athletics and so on - is very busy.
Aug 19 • 32 tweets • 9 min read
1/ On Solving Problems On-Chain
So, conventionally, this is about the time I'd start a podcast.
But I prefer bold experiments so I've been chasing partners and people all summer to try something that has never been done before
What is that?
2/ This fall, with the help and forebearance of the teams at @unicmetaverse and @oncyber, and the most amazing roster of guests and instructors, a team of us are going to try to run a university course 100% on-chain and in @OM100m.
What does this mean "on-chain?"
Aug 17 • 6 tweets • 4 min read
The Birth of Venus
1485 2/ Meditations on GM (Meme Card 10) @aylaelmoussa
✅Royalties are a social convention, not a technical convention
✅They are not perfect as structured
✅They will behave differently for different types of art
✅No-royalty people are mostly self-serving
✅Artists need a backup plan in any case
2/ You cannot make royalties enforceable onchain and I do not think there is even theoretically a practical technical solution.
People pay royalties because they believe in the social convention of buying and selling within the rules set by the artist / creator.
Aug 7 • 20 tweets • 4 min read
1/ Always forward, never backward
Most people are wildly overconfident about how much they can predict their life path, particularly on alternative timelines.
Your alternate fantasy lives are not a Real Thing, you should not waste time on them.
2/ "Path dependence" is the concept that future events are based on prior events.
That if you (or your organization or country) take one decision, it leads to a series of events but if you take a different decision, a whole different series of events will happen
Aug 6 • 5 tweets • 3 min read
1/ So, along with @awrigh01@punk3178@VonMises14@phon_ro and some others, I have been advising this team that is working on a very hard problem - namely real-time valuations at scale across hundreds, ultimately all, liquid NFT collections.
1/ Some Things I Am Learning Minting NFTs (an ongoing thread)
You cannot learn how to do things simply by watching others doing them.
You can only learn the reality, both technically and how you feel about it, by doing it yourself
2/ I have always "forced" myself to try new things - blogging, tweeting, VR goggles, BTC wallets, BTC nodes, NFTs.
I am always shocked when people write opinion columns like "I have proudly never used BTC but here are all the reasons I am sure it is bad"
Jul 21 • 4 tweets • 1 min read
If you have ever replied "gm" to a "gm" from me *at any time BEFORE today July 21* and are interested in a potential allowlist spot for a gm Meme Card, please do this:
Reply to this tweet with your ETH address in a quote tweet of your gm reply tweet from the past
Just to be clear, you should do this in 1 tweet, not two.
Your reply with your ETH address has to include the original tweet where you replied gm to me.
Jul 20 • 8 tweets • 3 min read
1/ Meme Card #7 - Aeroglyph6529 by @Reuben_Wu in his signature style from the freestyle meme will drop in the next hour.
It is the first smart and interactive card.
It switches from light to dark at 7pm and 7am local time and upon click.
We want the card to last as long as Ethereum does.s / timezone but over years & decades the API will break, will change, the provider will go out of business
We want the card to last as long as Ethereum does
So we do a JS call to your computer's local time. It should last 🤞
Jul 13 • 47 tweets • 10 min read
1/ Wealth is a claim on other people's time
There are a lot of theories on what money is, on what wealth is.
Economists have written very long books on this. It is debt, it is the evolution of barter, it is an information system, etc, etc.
All of these are true in their way
2/ And if you are a serious Austrian or Keynesian economist, assume for the purposes of this thread that I have read and understood these theories.
Today I would like to go in a specific direction, not a macro or micro-economic direction, but a conceptual one.
Jul 11 • 8 tweets • 4 min read
1/ I have gone ham on @dubhz0's collection "Scar Tissue", buying 5 of the 7 pieces on @foundation
My photography heart spends a lot of time in visual places like this, in vibes like this, in subtle, non-obvious beauty. 2/ I don't exactly want to say I was a bit bored of pretty sunsets a long time ago, but sortof.
Whereas that thin line of cargo ships is taut, pregnant but restrained.
The text for the collection is along these lines but tbh I was into the photos before I read the text
Jun 30 • 4 tweets • 1 min read
"content creator" is such a horrible term.
Fully web2 centric term; your job is to create content to allow the network operator to make money.
i do not identify as a content creator
1/ Nakamoto Freedom is the 4th Meme card in Season 1 of The Memes and the 1st card of the Freedom To Transact Meme.
It is an homage to where it all began - Satoshi, BTC, the Nakamoto Pepe card and the genesis of our ability to be self-sovereign in the digital realm. 2/ This card is also by @6529er (the next cards will be collabs).
In homage to the Nakamoto card, the edition size of this card will be 300 cards.
It probably will be the smallest edition size in Season 1.
Jun 27 • 9 tweets • 3 min read
1/ Going for a walk... 2/ ...in the newly opened second section of the Museum district in @OM100m