92 Matching Annotations
  1. Jun 2022
    1. Creating GUID/UUID in Javascript using ES6 Crypto APIWe can use JavaScript ES6’s crypto API to generate GUID/UUID at the client side.crypto API comes up with a method called getRandomValues() which is used to generate a Universally Unique IDentifier as shown below

      js function CreateUUID() { return ([1e7]+-1e3+-4e3+-8e3+-1e11).replace(/[018]/g, c => (c ^ crypto.getRandomValues(new Uint8Array(1))[0] & 15 >> c / 4).toString(16) ) }

  2. May 2022
    1. While the traditional web-based architectures that have predominated in the first decades of the 21st century are built upon pre-existing societal and economic structures, cryptocurrencies and the blockchain represent an entirely new ecosystem of human transaction.

      These bold claims are made with no substantiation e.g. "blockchain represent an entirely new ecosystem ..."

      Note, that i would argue that it was the internet (and its costless copying) that was by far the more substantive transformation.

  3. Apr 2022
    1. Elad Gil 在这篇小短文里揭露了很多现实中的问题. 自从 2013 年 Crypto 进入行业视野中以后, 大银行就是这么对待区块链的:

      1. 成立一个区块链团队.
      2. 让区块链团队做一条私有链, 并且始终处于做 Demo 阶段.
      3. 让 CEO 能够大夸特夸区块链团队, 说 “我们是有那个区块链啥的东西, 有团队专门在做”.

      Elad 也说, 大银行为了满足客户的需求, 开始利用 Crypto 来开发比如 ETF, 代币托管, 对冲基金, 衍生品交易所的产品. 他总结到银行和其他中介对 Crypto 的采用速度会越来越快.

      Elad 在最后也调侃了这些大机构, 他说这些全球银行的董事会会议总是以马丁尼酒结束, 并且说纽约的马丁尼比旧金山的好很多, 而且波士顿的特别好. 他还说这些董事会成员都穿着西装带着单片眼镜, 有点像玩大富翁 (其实他就是想说这些机构的垄断). 最后他认真地说, 区块链和智能合约会改变 Crypto 以外的金融体系, 但是需要很长时间.

    1. Nick Tomaino 在这篇文章中阐述了一个观点, 就是以比特币为首的一些项目其实也推出了开源分散组织的概念 (比如 DAO 以及开源开发组织). 在颠覆金融系统之外, 中本聪所创造的比特币也会颠覆公司的形式.

      经济学家通常认为, 公司的存在有两个主要原因: 尽量减少交易成本以及汇总资本和人员. 公司在几十年以来都是人们协作首选的形式, 但是比特币在没有公司的情况下蓬勃发展, 背后没有公司, 没有中央组织支持, 而是通过代码 (组织规则) 和激励措施 (代币) 将包括矿工、开发人员、用户的参与者聚集到一起, 共同创造价值.

      比特币是具有公司的优点 (最小化交易成本、汇总资本和共享资本以及为贡献者提供工作保障) 的组织结构的第一个例子, 并结合去中心化的所有权, 不受控制的数据以及受到制衡的决策权的优点. 比特币在全球范围内提供给人们赚钱机会, 并且建立明确的激励机制, 创造了公司无法实现的去中心化的新产品 (无法被 censor 的数字货币).

      然而, 这种分散式组织架构的缺点也很明显: 分散决策很难很慢, 很难衡量参与者真正的贡献, 权力下放导致了很多滥用...

      Nick Tomaino 最后总结说 2017 年是分散式组织的早期, 未来这种协作形式会渗透到主流, 越来越多新的分散组织会建立起来, 传统的公司也会在未来慢慢转型过渡到 Crypto 化的分散组织.

    1. 在上一篇文章发布十几天后, Chris Dixon 又表达了自己为什么对比特币产生兴趣的原因. 有些人认为比特币火热单纯是因为自由主义者的支持, Chris Dixon 赞同了很多比特币的早期支持者都是自由主义者, 同时很多重要的计算机领域的运动都是因为意识形态而受到支持.

      他不认为比特币的终极目的是替代美联储. 他觉得如果想用科技改变金融, 那么就不仅仅要在现有的基础上建立新增的服务, 而是要彻底重新构建一个新系统和新秩序.

      他最初认为比特币是一个投机泡沫以及互联网黄金. 但是他突然意识到比特币正在重建整个支付行业. 他非常看好小额支付的应用.

      他最后强调, 科技改善金融的唯一方式就是重建一个不依赖其他现有设施的新服务. 比特币是一个非常有效的改善方式, 是一个值得运行的实验.

      2013 年是 Crypto 的早期基础设施和认知建设的一年, 这一年 Coinbase 拿到了 a16z 的投资. 随着大众对比特币的关注提升, 两种对立的声音开始产生, 一部分人坚定认为 Crypto 是个 scam, 而远见者对比特币的认知开始逐渐清晰, 开始思考 Crypto 的未来.

    1. Fred Wilson 在这篇文章中提到了对比特币的概念的赞同, 认为比特币作为一种货币基于对算法和网络的信心的理念非常好.

      他说在他和他在 USV 的同事看来, 一种公平且透明的网络构建的替代货币是一个即将实现的想法. 他认为比特币值得观察, 但是货币与政府真正脱钩会产生重大影响, 所以还是要谨慎, 但是依旧是一个非常有趣的投资机会.

      对于当时比特币的币价, 他点评到, 可以说比特币失败了 (居然从 29 美元归零到了 13 美元), 也可以说我们刚刚经过了膨胀期望期, 价格回归到了比特币真正的价值. 有趣的是, 目前比特币的价格在三万美元以上.

      这篇文章的评论区也极其精彩, 我们可以看看 2011 年的人对比特币是有哪些思考, 质疑, 和辩论的.

      2011 年是远见者对 Crypto 探索的一年, 比特币开始逐渐吸引开拓者的目光, 而他们认为 Crypto 的主要作用会是一种替代掉央行的替代货币.

    1. The basic structure of the trade is (1) Ponzi, (2) acceptance, (3) diversification, (4) permanence. I feel very dumb typing that! But I guess it works.

      This is a very good summary of the steel-man version of this thesis.

      The history of foreign-currency runs makes me dubious of success on many of these.

    1. Meanwhile in cryptoHere’s a trade you can’t do: Find a small publicly traded bank. Say it’s a bank with $10 billion of assets, with an equity market capitalization of $1 billion. (These are realistic numbers; the market value of a bank’s stock will generally be much lower than the value of its assets, because most of those assets are in effect owed to its depositors. 8 ) Buy 51% of the stock for $510 million or whatever.  Vote out the board, vote in a new board and make yourself the chief executive officer. Take the $10 billion in the vault and send it to yourself, making $10 billion on your $510 million investment. Smirk “what, I own the bank, I take the money, that’s how it works.”That’s not how it works, you can’t do this, 9  if you did do it you would go to prison, but you’d be stopped well before that point. But in its outlines it is a tempting and elegant trade, and we have talked about variations that work a little better. (The guy we talked about did go to prison, though he did get the money first, so his version worked only a little better.) window.__bloomberg__.ads.enqueue("in-article-4-RAJT3KDWLU6A01"); {"contentId":"RAJT3KDWLU6A01","position":"in-article4","dimensions":{"mobile":[[5,19],[300,250],[3,3],[1,1],"fluid"]},"type":"In Article Flex Native Ad","positionIncrement":1,"targeting":{"position":"in-article4","positionIncrement":1,"url":"/opinion/articles/2022-04-18/twitter-has-a-poison-pill-now"},"containerId":"in-article-4-RAJT3KDWLU6A01"} window.__bloomberg__.ads.enqueue("desktop-in-article-8-RAJT3KDWLU6A01"); {"contentId":"RAJT3KDWLU6A01","position":"desktop-in-article8","dimensions":{"large_desktop":[[300,250],[5,4]],"small_desktop":[[300,250],[5,4]]},"type":"Desktop in article Native Ad","targeting":{"position":"desktop-in-article8","url":"/opinion/articles/2022-04-18/twitter-has-a-poison-pill-now"},"containerId":"desktop-in-article-8-RAJT3KDWLU6A01"} The basic idea of the trade is that there exist in the world some very large pots of money — banks, insurance companies, asset managers, etc. — that are controlled by relatively small companies. It takes a smaller amount of money to buy control of the company, and then you get to decide what to do with the larger pot of money that the company manages. In the world of traditional finance, this is a well-known problem, and those pots of money tend to be very carefully regulated to guard against some opportunist taking control of them on the cheap and draining the money from the pot.In crypto, etc. etc. etc. etc. etc. you know how this is gonna go. Here’s Anthony Lee Zhang on Twitter:Beanstalk, a moderately popular new algo-stable protocol, just got attacked for $80MThis one is a very interesting hack: rather than exploit a bug in the code, it was a "governance attack". My understanding is that holders of beanstalk equity token holders can vote on changes to the protocol: literally, chunks of code that are added to the protocolThe way an algo-stable works, there's an equity layer and a debt (stablecoins) layer, and possibly a bunch of reserves, so the equity layer effectively has control over a bunch of "stuff" that the protocol ownsHence, a fairly simple attack:1. Propose a piece of code to the protocol that says "send the entire treasury to my address A"2. Buy a bunch of equity tokens and vote the change in3. Send the entire treasury to your address AAnd here is CoinDesk’s summary:The attacker took out a flash loan on lending platform Aave which enabled them to amass a large amount of Beanstalk’s native governance token, Stalk. With the voting power granted by these Stalk tokens, the attacker was able to quickly pass a malicious governance proposal that drained all protocol funds into a private Ethereum wallet.Various crypto pots of money are controlled by governance tokens, and the market capitalization of the governance token is often a lot lower than the value in the pot, for basically the same reasons that the market capitalization of a bank is generally much lower than the value of the bank’s assets. And the governance token can, by majority vote, decide what to do with the pot. (Sometimes — many pots are better designed than this!) And in crypto, you can often do a series of transactions as a single integrated transaction, in which you take out a flash loan to buy all the governance tokens, vote the governance tokens to give yourself the pot of money, use some of the pot to repay the flash loan and keep the rest for yourself — all at once. And so someone did.  window.__bloomberg__.ads.enqueue("desktop-in-article-9-RAJT3KDWLU6A01"); {"contentId":"RAJT3KDWLU6A01","position":"desktop-in-article9","dimensions":{"large_desktop":[[300,250],[5,4]],"small_desktop":[[300,250],[5,4]]},"type":"Desktop in article Native Ad","targeting":{"position":"desktop-in-article9","url":"/opinion/articles/2022-04-18/twitter-has-a-poison-pill-now"},"containerId":"desktop-in-article-9-RAJT3KDWLU6A01"} Again: You could do exactly this trade with a bank, instead of a stablecoin, if banks were stupidly designed. But they are not!

      Beanstalk governance attack

    1. Now did I get lucky?  Of course, but all big winners like that come with some aspect of luck.  If you find yourself in a situation where you are buying a clearly unsustainable token, you have to be asking yourself "am I so early this won't matter" and "what facts do I need to see to know to sell".   These types of tokens are trades, and trades only, not something to "HODL".   

      always have a plan ab buying and selling

    1. Dominic Williams, founder and chief scientist of the Dfinity Foundation commented in a statement: “The NNS now means the Internet Computer is feature complete. It represents a seminal moment in the history of the internet. For the first time, internet services will be governed in a completely independent, decentralized manner. It is the technical solution to the systemic problems Big Tech has created with its monopoly over the internet, a public utility that should be completely open — bringing back the concept of the programmable web. The NNS is the catalyst for the open internet we were promised in the 1990s, and it ensures that the future of the internet remains open and free.”
  4. Mar 2022
    1. Now you get it, this is the goal: free economy through free currency.

      But how are those two linked? This is the classic logical fallacy / sleight of hand of most currency oriented blockchain stuff ... how on earth does creating your own currency give anyone more freedom?

      Created money (including us dollars etc) only get value to the extent they are convertible into something with "use-value". Sure, control of the currency gives some power but it is relatively minor compared to the big question of the "real economy" where production and exchange of "real" stuff actually happens.

    1. overall digital currency growth and worldwide involvement.

      If this is the goal and the main reason for stable coins to exist we don`t need them.

    1. Should the transaction fees dry up, your UST is now backed by air and you're back to betting the project grows in the future. Looks like it's reached a critical mass though and is continuing to grow and can easily support the current burn rate.

      Woah! "Your UST is now backed by air"

    1. Another example could be experiments with different forms of crypto currencies. One example of such smart money could be SEEDS, a payment platform and financial ecosystem designed to empower humanity and heal the planet. 

      Hmmm. I'm very dubious that SEEDS is going to go anywhere and represent this bizarre "let's sprinkle it in crypto dust phenomenon".

    1. Oh and I automated my entire crypto portfolio.

      Interesting boast for someone who works for someone else. 🤔

    1. Niles Niami, the mansion developer who built The One, and described his aesthetic, simply, as “badass”, had floated increasingly desperate plans to avoid auctioning it off, the Los Angeles Times reported, including turning it into an events space for boxing matches and holographic appearances of dead celebrities such as Michael Jackson and Whitney Houston, and making a cryptocurrency called “The One Coin” backed by the value of the property.
  5. Feb 2022
    1. The extremely high tax rate and the fact that the losses cannot be offset would invariably propel investors to turn to alternative means of storing and undertaking transactions in cryptocurrencies, without foregoing the significant losses involved as they “switch” back into the rupee. An inadvertent upside of this, then, is the prospective conversion and reallocation of crypto-funds from one form to another.

      what are the alternate approaches of cryptocurrency investor if not turning into rupee

    1. Don't get me wrong. I am not a fan of centralization. I started building a decentralized, permissionless system almost a quarter-century ago. It would be wonderful if we could figure out how to build a Web that would resist centralization. But all the technical and financial cleverness that's been poured into cryptocurrencies hasn't succeeded in doing that. Why? It is because It Isn't About The Technology.

      Exactly ... (hey you technosolutionists out there). It either does not have solutions or if it does they are likely a) structural and, even more likely b) ontological in nature ...

  6. Jan 2022
    1. Offshore crypto exchanges like Binance offer absurd leverage in the 20-125x range. But the exchange is both a broker offering leveraged products and the clearinghouse of the leveraged trades. This can easily create “failure to deliver” situations from the clearinghouse side. Take this example:
    2. While people think the main innovation of cryptocurrencies are public blockchain ledger transactions, the vast majority of crypto trading happens on private centralized exchanges.

      Centralized.

    1. Crypto has transformed grassroots-level organizing. For the first time in history, it is possible to economically align networks of strangers into working together by using programmable incentives and providing them with tools to make decisions and govern shared resources in a decentralized manner.

      How? How has crypto transformed this? Why and how is it "the first time in history to economically align networks of strangers"? Didn't markets do that?

      Or if the emphasis is the 2nd part of the sentence then it begs the questions of: "how". How are programmable incentives doing that?

    1. The world experienced a sort of collective delusion around the worth of what is, essentially, a fabric sack of beans. In hindsight, bubbles rarely make sense. “It’s a flaw in the human character,” says Jeremy Grantham, market historian and bubble expert. “No one is immune, no matter how smart you are.”
    1. I don’t think it would have taken off because this is a gold rush. People have made money through cryptocurrency speculation, those people are interested in spending that cryptocurrency in ways that support their investment while offering additional returns, and so that defines the setting for the market of transfer of wealth.

      Yep! This is a gold rush and the main thing driving it is there is a big bubble plus a large part of that bubble has to spend in crypto as they can't exit to fiat due to regulatory barriers.

    2. Partisans of the blockchain might say that it’s okay if these types of centralized platforms emerge, because the state itself is available on the blockchain, so if these platforms misbehave clients can simply move elsewhere. However, I would suggest that this is a very simplistic view of the dynamics that make platforms what they are.

      Indeed ...

      However, I would suggest that this is a very simplistic view of the dynamics that make platforms what they are.

  7. Dec 2021
    1. Mirror is the next big change in the long history of symbolic communication. Through a decentralized, user-owned, crypto-based network, Mirror’s publishing platform revolutionizes the way we express, share and monetize our thoughts.

      How? how does fact it is "user owned and crypto based" change (let alone revolutionize) how we express and share our thoughts. Monetize maybe??

  8. Nov 2021
    1. News of the group’s bid set off a frenzy of memes, jokes and pledges. The money came in so fast that one observer compared it to a “financial flash mob.”

      Wow.. How are they mdfkljasdlfj

    1. Centralization vs decentralizationIn the table below, we list some of the broad-strokes advantages and disadvantages of centralized and decentralized digital networks.Centralized SystemsDecentralized SystemsLow network diameter (all participants are connected to a central authority); information propagates quickly, as propagation is handled by a central authority with lots of computational resources.The furthest participants on the network may potentially be many edges away from each other. Information broadcast from one side of the network may take a long time to reach the other side.Usually higher performance (higher throughput, fewer total computational resources expended) and easier to implement.Usually lower performance (lower throughput, more total computational resources expended) and more complex to implement.In the event of conflicting data, resolution is clear and easy: the ultimate source of truth is the central authority.A protocol (often complex) is needed for dispute resolution, if peers make conflicting claims about the state of data which participants are meant to be synchronized on.Single point of failure: malicious actors may be able to take down the network by targeting the central authority.No single point of failure: network can still function even if a large proportion of participants are attacked/taken out.Coordination among network participants is much easier, and is handled by a central authority. Central authority can compel network participants to adopt upgrades, protocol updates, etc., with very little friction.Coordination is often difficult, as no single agent has the final say in network-level decisions, protocol upgrades, etc. In the worst case, network is prone to fracturing when there are disagreements about protocol changes.Central authority can censor data, potentially cutting off parts of the network from interacting with the rest of the network.Censorship is much harder, as information has many ways to propagate across the network.Participation in the network is controlled by the central authority.Anyone can participate in the network; there are no “gatekeepers.” Ideally, the cost of participation is very low.

      Web2 vs Web3 Centralization vs Decentralization

    1. HOWTO useful to combine a [[foam]] garden with encrypted git repos in keybase.io.

      But needs further tweeks to make it work when the garden is served under GitHub-pages, because jekyll fetches recursively any submodule, and will chocke on the private repo.

  9. Oct 2021
    1. There will be three billion gamers by next year, according to a Newzoo study. And as Loftus puts it: “People are going to need to wear something.”

      THIS is it - web 3 is making consumers mutiplicitous - opens marketts WITHIN games, subworlds that can be exploited / marketed to / fashion trends will sweep games, online subcultures (maybe) - people have markeable personas on and off the web, new context for targeted advertising / commerce.

      Will cannabalize physical economies?

      Accessorize for a zoom meeting - digital suits, etc digital costumes. Something to wear at digital concerts, in games; your Perona will not be birthed into the metaverse clothed, accessorized...

      Assets will be portable across platforms.

    1. NFTs are compatible with anything built using Ethereum. An NFT ticket for an event can be traded on every Ethereum marketplace, for an entirely different NFT. You could trade a piece of art for a ticket!

      There - opens up GIGANTIC barter economy possibilities - will shut out old middle men & create new ones - swap airline tickets / hotel reservations for concert tickets or memorabilia

    1. The answer is: having strong Token economics for their project. We call Tokenomics (Token + Economics) all the things that enable participants to contributing positively enabled by strong token design. Setting up Tokenomics for a project means "What can a creator put in place to allocate & incentivize a community to participate in the project."
    1. The dominant social networks tightly restrict access, hindering the ability of third-party developers to scale. Startups and independent developers are increasingly competing from a disadvantaged position. A potential way to reverse this trend are crypto tokens — a new way to design open networks that arose from the cryptocurrency movement that began with the introduction of Bitcoin in 2008 and accelerated with the introduction of Ethereum in 2014. Tokens are a breakthrough in open network design that enable: 1) the creation of open, decentralized networks that combine the best architectural properties of open and proprietary networks, and 2) new ways to incentivize open network participants, including users, developers, investors, and service providers. By enabling the development of new open networks, tokens could help reverse the centralization of the internet, thereby keeping it accessible, vibrant and fair, and resulting in greater innovation.
    1. There is a large body of intellectual work that criticizes a bubble of concepts that they refer to as "economization", "neoliberalism" and similar terms, arguing that they corrode democratic political values and leave many people's needs unmet as a result. The world of cryptocurrency is very economic (lots of tokens flying around everywhere, with lots of functions being assigned to those tokens), very neo (the space is 12 years old!) and very liberal (freedom and voluntary participation are core to the whole thing). Do these critiques also apply to blockchain systems? If so, what conclusions should we draw, and how could blockchain systems be designed to account for these critiques? Nathan's answer: more hybrid approaches combining ideas from both economics and politics. But what will it actually take to achieve that, and will it give the results that we want?
  10. Sep 2021
    1. Liquidity pools are pools of tokens that are locked in a smart contract. By offering liquidity, they guarantee trading, and because of this, they are widely used by decentralized exchanges.
    1. Because of high demand, the Ethereum network is getting overloaded. This resulted in very high transaction fees, making it to expensive for small investors to use it's dapps.

      High gas prices

    2. Then there are tokens. Tokens by definition do not run on their own blockchain, unlike a coin. They have been added to an already existing blockchain. Tokens can have the same functionality as a coin, although this is not common.Tokens that are created on the Ethereum network are typically ERC-20 tokens.
    3. Developers can program applications that can create, store and manage digital assets, also known as tokens, on the blockchain. For this to work, smart contracts and decentralized applications (DApps) are written and built. The expiration of these contracts and agreements is automatically enforced if the blockchain receives the correct data. You can make complex, irreversible agreements without the need for an intermediary.
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    1. developers have grown fond of an alternative blockchain, Ethereum, which is designed to let them create decentralized applications through more sophisticated smart contracts than Bitcoin enables.

      I need to find an easy example of such an application where Ethereum plays an important role.

    1. For this we created the $WRITE token, a crypto alternative to the traditional platform invitation system. Obtaining one $WRITE token affords someone publishing power on Mirror. In exchange for burning their token, users are granted a unique plot on the Mirror frontier, which includes a unique name on ENS (*.mirror.xyz) and a minted publication.

      So if I understand correctly, I need to obtain a $WRITE token to get a unique username on a platform I don't own? I am still puzzled. Why would I do that? Why would I pay to be on a domainname I don't own and have control over?

  11. Aug 2021
  12. Jun 2021
    1. I wrote this out frustration with the decentralized nature of crypto and blockchain apps, everyone is supposed to keep multiple "wallet" apps on their phones which does not make it easier to manage everything. If you forget to make a backup of your key or lose your phone there is a high change you will loose everything.

    1. Crypto node implementations
      • from : https://discord.com/channels/478735028319158273/790825713094754364/847518960814784582 The issue with just using webnative in nodejs is that e.g. the webnative.initialise function depends on a bunch of browser-specific features, e.g. window.location and its query parameters (for authentication after redirecting from the auth lobby). However, it's possible to skip that layer and try to build the filesystem yourself. We've recently done that to support writing tests for webnative in node. The remaining thing you need to do is make sure to replace the underlying crypto keystore stuff that would usually save to indexedDB with something else. We've implemented an in-memory version here:
  13. May 2021
    1. Most of you would say tiktok, instagram, or snapchat. Well, yes, these were the top-ranking apps. But, recently, the coinbase app is gaining a lot of popularity, and for this reason, we have chosen to discuss this app in our most trending section.
  14. Apr 2021
    1. What is the right historical analogy for all this? Allen Farrington argues that Bitcoin is to the system of fiat currencies centered around the dollar what medieval Venice once was to the remnants of the western Roman Empire, as superior an economic operating system as commercial capitalism was to feudalism. Another possibility is that the advent of blockchain-based finance is as revolutionary as that of fractional reserve banking, bond and stock markets in the great Anglo-Dutch financial revolution of the 18th century.

      Historical context for bitcoin

  15. Mar 2021
    1. Crypto art is art made for the future. As our walls become screens and our field of vision becomes enhanced with augmented reality, we will seek precious and meaningful objects to surround us (just as we always have). Whether in the much anticipated "metaverse," the many digital worlds and games we frequent, or in our own living rooms and peripheral vision, this new generation of art is made for our future.

      this to me is one of the actual realest points - that NFTs are the future of art for the metaverse & digital everything we find ourselves in

    2. ransformative economic model for artists via NFT contracts. This is perhaps my favorite advantage of all — the ability for artists to automatically gain a percentage of every sale of their work in the secondary market in perpetuity. I mean, can you imagine!? Artists can evolve from getting ~50% of the initial acquisition price of their work in a gallery to a new world where they get 80%+ (depending on marketplace they use) of the proceeds on their initial sale plus 10–15% of every secondary sale forever! Imagine the families of artists anywhere receiving residuals for generations much like the world's greatest bands as their work continues to grow in value and trade hands. F----ng transformative.

      Agrees that it is the smart contract residual % payment royalty aspect that is the most powerful aspect of NFTs

      heard from some others though that you can do off chain transactions of the NFT to get around this ?

    3. This NFT world is likely the greatest unlock of artist opportunity in 100+ years. This isn't a suboptimal or fringe version of the real-world art economy, it is a vastly improved one.

      its fascinating how this may be simulatenously true with the fact that NFTs in their current actual implementation are a scam.. eg regarding copyright, minting on other chains, NFT frozen to a specific URL, NFTs can be trasnferred off chain / OTC such that the 10% royalty doesnt happen, etc etc)

      what ive come to see is that the reality is it doesnt matter - people making decisions on their career or specific investments, this matters a lot

      .. but before people thinking of diving into this cuz it may be the next big thing for the next 20 years, then ya that's probably correct

      this is massive cuz a lot of the problems will be solved one by one methodically even if its crappy today, itll be improved steadily cuz we are good at developing, what were bad at is blank sheet

      cant believe im agreeing with this belsky guy

    1. Katz points out this is an “extreme example to prove a point.” YellowHeart wants to show people how much control can be put into the ticket with smart contracts. Going forward, he says this same tech can be used for general tickets, which could be a huge advancement in the secondary market. Every time an NFT is resold, a percentage of money earned could go to the artist — or whoever is included in the contract, perhaps even a charity. (In such instances, YellowHeart can also set a maximum price that the NFT can be resold at, eradicating scalpers.)

      Dit is volgens mij een killer feature van NFT's in muziek. De rest is leuk maar dit is superinteressant

    1. A cryptoasset is a digital asset that uses cryptography, a peer-to-peer network, and a public ledger to do three things: To regulate the creation of the units, to verify transactions and to secure these transactions without any middleman.

      crypto asset def

  16. Feb 2021
    1. To whom the phrase "don't roll your own crypto" was mostly intended for and why? Hypes like Terra Quantum...

  17. Dec 2020
  18. Jun 2019
    1. The company has sky-high hopes that Libra could become the foundation for a new financial system not controlled by today’s power brokers on Wall Street or central banks.

      Facebook want another way to circumvent government? Well, let's circumvent Facebook.

  19. May 2019
  20. Apr 2019
  21. Mar 2019
    1. Affect Theory and the New Age of Anxiety

      The TLDR here is that this piece has little directly to do with cryptocurrencies. But it happens to sit at a weird intersection of stuff I happen to be interested in.

      So here goes: Affect theory says how we feel explains what we do. That’s what explains populist/popular movements like Occupy, Trump supporters, and other loosely organised, mass movements that all seem to originate on the internet before meta sizing beyond the network.

      Affect and politics could also be what explains the popular appeal and the movement behind cryptocurrencies. It could also explain why crypto proponents are particularly resistant to criticism: a surgical takedown of bitcoin’s monetary policy problems matters less than how stateless coins make its proponents feel.

      Anyway, my previous snippet got lost on the WiFi, so this is a rather disjointed recollection of it. And this is my summary of the day.

    2. larger manifestations

      Again, the popularity of cryptocurrecies might be understood in terms of these other, popuist/popular, movements as well. Movements formed as a reaction to something.

    3. They saw our world as shaped not simply by narratives and arguments but also by nonlinguistic effects—by mood, by atmosphere, by feelings.

      Per the notation below, this might describe what the crypto world is all about. Less about monetary policy—more about how monetary policy makes them feel.

      🔗 The theoretical schools around affect )are interesting rabbit holes to explore here, with apologies to my postgraduate lecturers!

    4. Where did the seeming surplus of emotionality that we see on the Internet come from, and what might it become?

      This particular line resonates with what happens in Crypto-land, I think. For a couple of reasons: Crypto-land itself is largely constituted of online interactions. Secondly, crypto-land is nothing if not overflowing with a “surplus of emotionality”. Perhaps this is why we see an overlap of communities interested in Trumpian politics and ideas, and cryptocurrencies. They might be interested or attracted to the same thing: how these subjects make them feel.

      🔗 Brian Massumi has much to say about politics and affect. His idea is that the pre-emptive policies of post-9/11 counter-terrorism creates an atmosphere of “low-lying fear”—an affect of terror.

    1. “token curated registry”—basically a listicle, with equity.

      This is probably the clearest and most pithy description of a "token curated registry" I have read. And I tried very hard to explain the concept in articles like this one, about Civil.

      🔗 Here's the canonical thing on TCRs, by Mike Goldin.

  22. Oct 2018
  23. Sep 2018
    1. An AX.25 packet radio chat protocol with support for digital signatures and binary compression. Like IRC over radio waves. 〰
    1. This document specifies version 1.3 of the Transport Layer Security (TLS) protocol. TLS allows client/server applications to communicate over the Internet in a way that is designed to prevent eavesdropping, tampering, and message forgery. This document updates RFCs 5705 and 6066, and obsoletes RFCs 5077, 5246, and 6961. This document also specifies new requirements for TLS 1.2 implementations.
  24. Jun 2018
  25. Dec 2017
    1. The number of transactions the blockchain can process can never exceed that of a single node that is participating in the network.

      Not sure if I understand this correctly. Does this mean the number of transactions that a blockchain-powered network can process is equivalent to the number of transactions that the slowest node in the network can process? If so, I haven't heard such limitation.

  26. Jun 2017
  27. Oct 2015
    1. Nearly all ap­pli­ca­tions of prob­a­bil­ity to cryp­tog­ra­phy de­pend on the fac­tor prin­ci­ple (or Bayes’ The­o­rem).

      This is easily the most interesting sentence in the paper: Turing used Bayesian analysis for code-breaking during WWII.