1/ On How Many Tokens You Have Left

You can notice changes in your visual environment in about 12 to 20 milliseconds (1/1,000th of a second).

It is why monitors that refresh 60x/second are pretty smooth and by 90-120x/second, they are in good shape 2/ Vision feels like a continuous process but there is no such thing. It is discrete, just like everything else.

The rods and cones in your eyes do not respond to changes in light instantly. They respond to changes in light very quickly.

It feels instant but it is not.

1/ What will ASIs want?

Do we really believe in ASIs?
Can we really conceive of ASIs?
Will ASIs buy your crypto portfolio?
Are you just a cat?

It is an odd journey. 2/ ASI is short for Artificial Super Intelligence, as opposed to AGI (Artificial General Intelligence).

The idea is that AGIs are as smart as us, and ASIs are a lot smarter than us.

There are a lot of theories about ASI - it will happen, it won't happen, it will kill us all

1/ On Being An Agent

You think you are unique, I think I'm unique, but probably we are agents in a biological system, sent out to do a job for the collective.

You can probably guess how people describe me at "work" - forward-thinking, open to new ideas, not afraid of change 2/ This is also how I think about myself.

In both my personal and professional life, I think I live 3 to 15 years "in the future" vs my peers - who themselves are statistically abnormal - highly educated white collar professionals.

OK, so what? This is no surprise.

1/ All Memes are Memes but not All Memes are Memes

So I spoke remotely at @arts_dao over the weekend and I am going to boldly put some of this down in a thread.

We go like this: memes -> the intersubjective -> the internet -> NFTs -> freedom 2/ For the last 30 years, everyone knows what a meme is.

It is on the internet. It is cute or it is dank but it is definitely countercultural.

It is not top-down socially corporate constructed Walt Disney or Hollywood or Goldman Sachs, but bottom up

1/ What is the Nakamoto Threshold?

This is a bit of Memes inside-baseball but I am tweeting it out so we have it available for reference.

Meme Card #4 is an homage to the first Rare Pepe which had an edition count of 300.

So Meme Card #4 had an edition count of 300.

2/ The Memes were deliberately designed to be relatively low unit price and relatively high edition count.

This is important for the overall mission in a large numbers of ways.

There is no way the mission works with a small number of rich collectors.

1/ On How / Why To Use A @safe As An Individual.

I saw a question from @HugoFaz in a 6529/Memes chat and I was going to answer there but I think the answer is more generally useful so I will tweet it here

First read the TAP thread

https://twitter.com/punk6529/status/1701623475725533524

2/ Now that you are back. Let's discuss using a SAFE wallet as your vault / cold wallet in a TAP setup.

@HugoFaz asks (and I paraphrase): "who are the other signers going to be? Other hardware wallets? people I trust? What does this add?"

1/ On Your National Tax Policy for Cryptoassets

A rare thread for the tax authorities and legislators around the world.

One day you will need a tax policy for cryptoassets and you will pay McKinsey $3M to write it.

Or you can just read this thread for free 2/ The assumption in this thread is that you are a jurisdiction that likes taxing things.

And in that light, you will enjoy taxing cryptoassets too.

If you are one of the other jurisdictions (the 0% tax ones), then you don't need this thread anyway

1/ On What Is Decentralized

A brief, beginner thread. Sorry in advance to the nerds.

tl;dr

1) Some L1s (like BTC, ETH and some others)
2) Zero websites
3) Very few L2s

Basically, you only get permissionlessness and censorship resistance on the L1s for now. 2/ Let's start with the difference between ETH (an L1) and OpenSea and Etherscan (which index ETH)

ETH = permissionless
OpenSea and Etherscan website = not permissionless

(Separately, OpenSea has deployed contracts on ETH, which is not the website)

1/ On Bitcoin in Four Tweets

Some people meditate on the oneness of the world to achieve enlightenment.

I also meditate to achieve enlightenment, but on how I can describe "how Bitcoin works" in the fewest number of words

Sharing last night's version below 2/ Imagine a Google sheet w/ everyone's bank balances and the whole world has full access.

Solutions That Do Not Work

a) Everyone can change any cell? Chaos and theft

b) Only one person with editor access? Works fine but the whole world is at the mercy of that one person

1/ On Dying In A Year

I was thinking about this phrase the other day "Live every day as if it is your last"

It is a very popular saying, you are supposed to appreciate each day each day, something like that.

People inspo-tweet it a lot. 2/ And I concluded that this phrase was unhelpful to me.

I most definitely do not "live every day as if it was my last" and I am pretty sure nothing in my life would be improved if I did.

Because if I try to do that, I envision something very different than what is intended.

1/ On Stated vs Revealed Preferences

This is a hugely useful (and very easy) framework.

It comes out of the world of economics.

But your grandma knows it too: "see what people do, not what they say do"

This is easiest to show with examples. 2/ My Stated Preference: "I will eat organic microgreens irrigated only by tears of angels"

My Revealed Preference: "A half-eaten chunk of blue cheese in the fridge"

1/ On Ether Rocks (sortof briefly)

My mildly spicy take on Ether Rocks is that, if you are triggered by how Sotheby's describes them, you still don't totally believe in building a on-chain decentralized future and you need more conviction.

Who cares what the description says? 2/ You see, the reason you care, is because you still want the imprimatur of Sotheby's for your favorite intellectual, artistic or financial NFT bag.

I mean, ok, this says more about you than about Sotheby's or Ether Rocks.

Why do you care?

1/ On Getting A Job In Crypto

You like the field of cryptocurrency field. You believe that it has a bright future.

You would like to get involved.

How can you doing this? 2/ The first thing I will tell you is which job you will NOT do.

That job is "full-time cryptocurrency trader"

Most people "buy high and sell low" (this is why we have market cycles)

Even worse, if trading is your main source of income, the chances you panic-sell go way up.

1/ 6529's Best Practice Setup For Normal People (Ethereum edition)

I onboarded a (very small) number of people to the Ethereum ecosystem over the Xmas holidays.

I'm sharing below my best approach (and tradeoffs) for a 99th percentile setup like this. 2/ By "normal person", what I mean is the following:

✅Someone who will, over time, transact over $10K on ethereum but less than $1M

✅A regular user, not developer, artist, fund, etc

So, realistically, a global upper middle / upper class normie

1/ Why 2030?

Two years ago I said you are "insufficiently bullish" about NFTs, which is of course true.

Also, there was a "2030" in the title.

The thread explained a lot of things, but not "why 2030?"

Today, I will explain.

https://x.com/punk6529/status/1443921334837338114?s=20

2/ First, let's get out of the way "New to NFTs" protection.

"NFTs as a technology" making it does not mean "your specific NFTs" are gonna make it.

If this is not obvious to you, read all these tweetstorms first.

https://twitter.com/punk6529/status/1741548666832220318

1/ On A Country's Wealth

You are going to start reading this thread and say "yeah, I knew that" but I am not so sure.

Money is not a country's wealth. Currency is not a country's wealth.

The capacity to sustainably produce products and services is a country's wealth 2/ What is are the components of a country's wealth.

The first is natural resources.

If your country has good rivers, great agricultural land, fish stocks, hydrocarbons, minerals and so on, it is a form of wealth.

1/ On Value in a Post-Scarcity World

Every now and then I like to annoy the feed by tweeting things like "when AGI brings us post scarcity, only important NFTs will hold value" and I get tweets like:

"oh god, I always knew you were an idiot" 2/ It is clear many of you have not really thought carefully what a post-scarcity, post-AGI (Artificial General Intellignce) or post-ASI (Artificial Super Intelligence) world actually means.

So let's take a brief ride into the future together

1/ On Scale

I was having a mini-discussion w/some meme maxis over the weekend on the topic of "scale in nfts" and in the economy at large and I wanted to share a short (I think) thread on some of those thoughts here. 2/ I am going to use the @DesLucrece meme card as an example, but it is just an example.

The same logic applies to basically any non-scam nft collection - whether punks, art blocks, pepes, other meme cards and so on.

https://twitter.com/punk6529/status/1718959222388306374

1/ Introducing EMMA - the Editor for Managing MultiPhase Allowlists

As you know, we love allowlists at The Memes and we believe someday you will too.

I know that, in the bear market, limiting access to mints is the opposite of everyone's problem, but I assure you... 2/ ...the day will come in most successful artist's lives where you will want (sometimes) to decide who gets to mint your work first

In the non-NFT world, this is common - galleries do not usually release new work to the general public and whoever can "gas" an Uber gets it 1st

1/ On why using NFTs is an absolute good.

If you have been following me for the last two years, the tweet you have *not* seen is the tweet complaining about NFTs I don't like.

The reason is because there is nothing more important than using NFTs 2/ My theory is that we will be going through a shift on how we use the internet.

The "metaverse" is the internet with better visualization and persistent digital objects.

And it is going to be amazing, useful, fun and addictive.

1/ So I have made life miserable for @giaglis and the @unicmetaverse course for the last six months.

@UNIC_ENG has been issuing certificates on-chain since 2014 (btc and nfts)

For the nft MOOC, I said "I want them generative" and it turns out this was a huge rabbit hole 2/ As background, I view part of my role is to try new things on-chain, even if makes my life harder. It is a big part of what keeps me engaged in this space.

So anyway, back to the certificates, and the problem at hand

I want generative, on-chain, customized to each student