105 Matching Annotations
  1. Apr 2024
    1. The term Web3 plays on “Web 2.0”, popu­lar­ized in the 2000s to describe a new gener­a­tion of websites and web platforms. As a philosophy, Web 2.0’s success was incomplete, to say the least: there was a whole thick strand of ambition around the exchange of data in modular, permis­sive ways between platforms, which basically died — or was killed. With that in mind, I think Web3 is a fine term for this new set of ideas, because it will certainly play out the same way: influ­encing the direction of the internet, but incompletely; unpredictably.
    2. The money thing confounds evaluation; it’s like trying to look at a star next to the sun. The same was true for the World Wide Web in the year 2000, of course; and, if that’s the analogy, what do we make of it?
    3. A large fraction of Web3’s magnetism comes from the value of the under­lying cryptocurrencies. Therefore, a good diag­nostic question to ask might be: would you still be curious about Web3 if those curren­cies were worthless, in dollar terms? For some people, the answer is “yes, absolutely”, because they find the foun­da­tional puzzles so compelling. For others, if they’re honest, the answer is “nnnot reallyyy”.
    4. Many Web3 boosters see them­selves as disruptors, but “tokenize all the things” is nothing if not an obedient contin­u­a­tion of “market-ize all the things”, the campaign started in the 1970s, hugely successful, ongoing. In a way, the World Wide Web was the rupture — “Where … is the money?”—which Web 2.0 smoothed over and Web3 now attempts to seal totally.
    1. The “DAO Model Law” guide by COALA researchers outlines 11 technical and governance requirements for DAOs to meet the requirements for legal recognition as an entity, including:1. Deployed on a blockchain,2. Provide a unique public address for others to review its operations,3. Open source software code,4. Get code audited,5. Have at least one interface for laypeople to read critical information on DAO smart contracts and tokens,6. Have by-laws that are comprehensible to lay people,7. Have governance that is technically decentralized (i.e. not controlled by a single party),8. Have at least one member at any given time,9. Have a specific way for people to contact the DAO,10. Have a binding internal dispute resolution mechanism for participants,11. Have an external dispute resolution mechanism to resolve disputes with third-parties (e.g. service providers).These factors and considerations constitute a legal basis for conceptualizing DAOs.
    2. Some obvious but useful DAO design or analysis questions are:1. What is being decentralized? (technically, economically, or politically),2. Who or what is being made autonomous, and from who or what?3. What is being automated?4. What is being organized?From here, subjective goals, beliefs and values can be articulated to determine design choices.
  2. Feb 2024
    1. Hive Naija

      Who: The author (Merit), the Hive Naija community, new moderators, Deraaa - What: The Hive Naija community has undergone a big move, including a name change to "Speak Peace", new community management, and a revamp of the Discord channel. They are also utilizing LeoThreads for the community and calling for support through delegation and joining the curation trail. - Where: The post references the Hive Naija community on Hive. - Why: The changes were made to address setbacks and improve the community's activities and engagement. - When: The post was made recently, announcing the changes and improvements to the Hive Naija community. - How: The community has rebranded, changed management, revamped the Discord channel, and plans to utilize LeoThreads for more engagement. They are also calling for support through delegation and donations.

    1. Hive Naija

      This post is about the Hive Naija Weekly Prompts challenge. Where participants are encouraged to explore their creativity. And to foster connections within the community. By responding to writing prompts. The post also highlights the winners of the previous edition. And provides new prompts for the current week.

    2. Hive Naija
      • Who: Hive Naija community
      • What: Weekly Prompts.
      • Why: To foster creativity and connections within the community.
      • When: 2024 (current year).
      • How: By participating in the prompts and sharing entries.
  3. Jan 2024

      This blog post is written by a Nigerian girl named Uyoho-idara. Who is excited to join the Hive Blockchain platform. For its potential to provide intellectual growth, social improvement, and income generation opportunities.

      • Who: The author, Uyoho-idara, and her parents.
      • What: Uyoho-idara is introducing herself and expressing her excitement about joining the Hive Blockchain platform.
      • Where: Nigeria.
      • Why: Uyoho-idara was convinced to join Hive Blockchain by MFON TOM (@mfontom), and believes it is a wise decision. Because she can earn rewards for her time and data spent on the platform.
      • How: Uyoho-idara plans to:
        • Engage with the Hive Blockchain community,
        • Share knowledge and information,
        • Read stories,
        • Watch movies,
        • Write creatively,
        • Learn from her aunt. And improve intellectually, mentally, socially, and financially through her involvement on the platform.
    1. Life Lessons Learned from the Hive Blockchain

      This post discusses the author's experience on the Hive blockchain. And how it has taught them the value of patience and perseverance in achieving their goals.

    2. Life Lessons Learned from the Hive Blockchain
      • Who: The author (@vickoly), who has been using the Hive blockchain for almost two years.
      • What: The author shares the valuable life lesson they have learned from the Hive blockchain. Which is the power of patience.
      • Why: The author explains that patience is a virtue. And it is important not to give up when things don't go as planned. They share their own experience of facing low support for their content initially. But persevering and eventually seeing improvements.
      • When: The author mentions their journey on the Hive blockchain, starting from when they first joined and faced challenges to the present day. Where they have seen progress.
      • How: The author learned the lesson of patience by observing other people. Who were successful on the Hive blockchain and not giving up despite initial difficulties. They also highlight the importance of continuous learning and self-improvement.
    1. Hive blockchain, our new home

      This post discusses the launch of the Hive blockchain. Which will serve as a new home for the Steem community. Also, it shares the author's excitement and nostalgia about the move.

    2. Hive blockchain, our new home
      • Who: The author, @phortun, and the Steemian community.
      • What: The official introduction of the Hive blockchain as the new home for the community.
      • Why: To announce the transition to the Hive blockchain.
      • When: The author read the announcement and comments the day before writing the post.
      • How: The author expresses excitement and nostalgia about the move, and discusses the potential impact on the Steem price and the future of the old Steem blockchain. The author also asks for the thoughts and opinions of readers on the move to Hive.
    1. Hive Condenser and Wallet apps

      This post discusses the author's recent contributions to the Hive Condenser and Wallet apps on the Hive Blockchain. Including new features, bug fixes, and extending the witness list.

    2. Hive blockchain
      • Who: The author, Quoc-Huy Nguyen Dinh (@quochuy).
      • What: The author's new contributions to the Hive Condenser and Wallet apps on the Hive blockchain.
      • Where: The Hive Condenser and Wallet apps ( https://hive.blog, https://wallet.hive.blog ).
      • Why: To improve the functionality and user experience of the Condenser and Wallet apps on the Hive blockchain.
      • How: The author made several contributions and bug fixes to the Condenser and Wallet apps. Including:
        • Displaying the RC level around a user's profile avatar.
        • Fixing page crashes caused by too many comments on a post.
        • Adding support for YouTube Shorts URLs.
        • Extending the witness list to the first 250 witnesses.
        • Fixing various bugs related to page loading, notifications, navigation menu, encrypted MEMO reveal, and CSS tweaks for mobile. The author also includes a call to action to vote for their witness on Hive.
    1. Knowledge of Hive Blockchain

      The post discusses the importance of gaining a sound knowledge of the Hive blockchain. In order to keep up with the direction of finance and currency in the world. Also, outlines the author's goals for learning and exploring various aspects of the blockchain.

    2. Knowledge of Hive Blockchain
      • Who: The author of the post, Monica-ene.
      • What: Seeking a sound knowledge of the Hive blockchain for their goals in the year 2024.
      • Why: To keep up with the direction of finance and currency of the world, and to navigate the Hive blockchain effectively.
      • When: The year 2024.
      • How: By seeking a quality guide, participating in the #hivelearners community, and actively engaging in crypto spaces.
    1. 3 years on HIVE blockchain

      This post is about the author's three-year anniversary on the HIVE blockchain and their journey of becoming a part of the HIVE community and ecosystem.

    2. 3 years on HIVE blockchain
      • Who: The author, Alex Rourke.
      • What: Reflection on their 3-year anniversary on the HIVE blockchain and their journey in the HIVE ecosystem.
      • Where: HIVE blockchain.
      • Why: The author wishes they had started building and strengthening the community sooner.
      • When: The author started on the HIVE blockchain in April 2019 and is celebrating their 3-year anniversary.
      • How: The author met someone named Ijatz who introduced them to the Musicoin project and blockchain technology, which sparked their interest in HIVE. They decided to make their own account and started sharing about their life and interests. They became more involved in the community, researched top witnesses, and gained hive power to make their voice heard. They plan to continue being part of the HIVE ecosystem and contribute to its development.
  4. Nov 2023
    1. The purpose of Shrewdies.com is to explain Shrewd Learning Services and to evolve new Shrewd Learning Subjects

      In the Web3 version, only the first purpose applies to me. Because an inherent feature of Shrewdies3 is to enable anyone to create their own Web3 site. Therefore, evolving new subject sites is done by the community. Though I have yet to encourage such a community to form, But that will be an intrinsic part of the documentation for Shrewd Learning.

      Currently in development, I will replace this site with the alpha testing site as soon as it correctly presents content to visitors and search engines.

  5. Oct 2023
    1. CTP

      delegate band excess (now 1000) to dhedge.ctp

      How much CTP can you tip daily?

      100 CTP staked = 0.10 CTP 1000 CTP staked = 0.20 CTP 5000 CTP staked = 0.25 CTP 10000 CTP staked = 0.30 CTP 50000 CTP staked = 0.40 CTP 100k+ CTP staked = 0.50 CTP

    2. FUN

      delegate to lolz.fun

    3. LOLZ

      LOLZ Holding Levels 16 - 1 64 - 2 128 - 4 256 - 6 512 - 8 1024 - 10

      Keep 16 staked for tipping & swap rest for LEO

  6. Sep 2023
  7. Mar 2023
  8. Dec 2022
    1. It included a shared public ledger with crypto-provable integrity that recorded all this stuff. But no blockchain because we just couldn’t convince ourselves that the real world wanted zero-trust; so there was a transaction manager you had to trust. Dear Reader: I think that at some point, in a civilization, there has to be trust. I think that’s maybe the main reason we have civilizations. Call me crazy.

      Trust is an achievement not a burden.

  9. Oct 2022
    1. With UDO we are also trying to solve the problem of sustainable financing for user-facing projects. All projects need a long-term development model that secures a steady stream of funding for their future development and continuous adoption. Most currently operating web3 projects rely on funds acquired through ICOs or NFT token auctions. While many of them are able to acquire substantial capital this way, this is not a sustainable financing model. It is also not a model that prioritizes the users’ needs.

      This is great: sustainability defined through user-orientation.

    1. in practice most of them follow similar operational blueprints and make use of the same “organization legos”. DAOs may aspire to be decentralized and autonomous, but they are not as diverse in their design as one would hope considering their globe-spanning, culture-crossing, and regulation-free nature.

      This blogpost gives a good high-level view of the problems with current, mainstream DAOs. Broadly speaking, they are not democratic, and susceptible to a range of attacks / failures

  10. Sep 2022
    1. A protocol is simply a set of rules that mediate how a system works

      Elegant and powerful definition

    1. “That’s the mantra of web3, to be open and composable, and with CC0 no one owns the rights to the intellectual property. This creates huge potential for what can be created in the future. But the bigger corporations are coming into the space and trying to close things down, tracking wallets and essentially bringing web2 into web3. I don’t want that. I want web3 to continue to be built by the people, for the people, which is why all these public goods are crucial for the future of web3.”

      This is extremely interesting: the conviction that public domain approach is what differentiates web3 from web2. Quite different from a. typical spin that attributes this to the technological stack - here the stack is law + norms.

  11. Aug 2022
    1. By nature of running on a blockchain, Hyperstructures can run forever with no ability to stop them. They can continuously function without a maintainer or operator, and they can run for as long as the underlying blockchain is running

      Seems to me that the same can be said of internet protocols, which are unstoppable as long as the internet is running. Where's the difference? Also, the equation of "forever" with "at least a decade" is funny.

    1. 钱包是什么?反直觉和反常识的是,数字钱包并不装钱,而是装密钥(私钥和公钥)的容器,是用来帮助用户存储、转移、结算、交易和管理数字资产的工具,而用户的数字资产实际存放在区块链地址指向的分布式账本里。

      钱包是进入 Web3 的入口。 但反直觉和反常识的是,钱包装的不是钱,而是装密钥的容器。(私钥和公钥)

    2. 问题中蕴含着这样的底层逻辑--原生的区块链网络中缺失了“人”及“人际网络”的表达--不可转让社交身份的原生组件及由此构建的社交网络图谱,社会经济价值缺失了承载的主体,以至于Web3赋能实体经济的相关应用难以创建和落地实施。


    3. 区块链发展至今,从基础设施层、组件层、扩展层、激励层、治理层、到应用接入层,目前正在不断扩展和完善。这个发展过程有一个显著的特点,那就是跟原生网络--可信计算网络特性紧密相关的应用首先得以发展。


    1. The ability to exit with your data intact is a core tenet of web3; web3 turns your data into your personal, programmable property.

      Yes, but without other platforms to go to (or the capacity to code own platform) the data, though owned, has little value. Thus the user remains dependent on platforms also in the web3 space

    1. tokens to represent the value of assets in an account

      an account can be part of a 'wallet'.

    2. blockchain's consensus model

      blockchain uses method to batch transactions into block. Establishing which node can submit a block to the chain is the blockchain consensus model or consensus algorithm.

    3. use a more elaborate method to select transactions and choose between conflicting state transition.

      state transitions in a blockchain.

    1. Open source and web3, simplified


      开源技术提供了许多每个产品大都在用的基础部件。所以,将 Crypto/Web3 类比成开源领域的外延会非常有说服力——在论证「为什么值得付出所有这些努力」时,你可能已经(或很快就会)遇到这个类比。问题仅仅在于,开源软件是一个小众的话题,不能立刻清晰地呈现出一个令大部分人兴奋的心理模型。这就像无关痛痒的掉书袋。我身处这个交叉领域已经有一阵子了,因此打算试着用尽可能简单的方式来做这个类比,让你也能用得上它,或至少下次遇到它时能够理解。

  12. Jul 2022
    1. “The idea makes sense, but perhaps the timing was bad,” says the art market economist and author Magnus Resch, who in June published the book How To Create And Sell NFTs. “Prohibitively high prices and a complicated entry into collecting are the biggest problems with NFTs. But by holding events and educating people you’re building trust.”

      A lot of the crypto/web3 ideas focus on "exiting" the physical world status quo. However, being more inclusive seems to be a better way to help better adoption of web3.

      Opening up physical galleries feels very expensive, though.

    1. Web3手机出现 硬件崛起能否带Web3飞入寻常百姓家

      Web3手机出现 硬件崛起能否带Web3飞入寻常百姓家? 时间 2022-07-05 18:06:53 金色财经 主题: Web3 手机 元宇宙、NFT热潮涌起,Web3.0的建设与发展备受瞩目。近两年,随着Web3概念被广泛传播,大量应用涌现。但苦于缺乏方便、安全的入口,Web3离我们还是有一定的距离,大多数现有的Web3.0应用程序尚未实现大规模惠及用户的愿景。



      公链 Solana 的联合创始人人兼执行长 Anatoly Yakovenko 于 6 月 24 日在纽约的一场发布会上,正式宣告将推出以 Web3 为核心的 Android 手机“Saga”,同时官方也宣布 Android 的开源软件 Solana Mobile Stack 即将问世,该软件则可在 Solana 上开发原生 Android web3 应用程式。

      Solana Soga的许多功能都来自名为SMS的Solana Mobile Stack软件。该SDK将包括一个用于私钥的种子库、用于安卓系统的Solana Pay和Solana DApp Store。据Solana称,SMS和 Solana DApp Store 将允许开发人员在Saga中创造全新的体验。这包括:在移动设备上铸造NFT、在移动设备上玩Web3游戏、增强交易等等。具体而言:

      Seed Vault:一款将基于区块链的应用程序和钱包的所有私钥、种子和密码短语存储在安全空间中的应用程序。Seed Vault 不适用于Android应用程序层,使其更安全,但它允许用户与其他需要其服务的已安装应用程序进行交互。


      Solana Pay:一个在Solana网络上工作的去中心化支付网关,允许通过QR码、消息、Web应用程序、 NFC 芯片等获取支付地址。

      Solana dApp Store:一个应用商店,开发人员可以在其中分发自己的dApp供用户使用。

      Solana Mobile StackSDK:带有库的软件开发套件,用于开发在Solana和Web3区块链网络上运行的原生 Android应用程序。

      根据Solana Labs声明,Solana Saga的发布日期定为2023年初,售价为1000美元。买家需支付100美金的预购押金(非预订单,而是候补名单),预购买家还可以有资格获得Soga Pass,即Soga手机独有的NFT。

      前有Solana 跨界造手机,后有HTC这类老牌手机厂商大胆创新转型进入Web硬件市场。

      6月28日,HTC 推出了元宇宙手机“Desire 22 Pro”,它配备了数字资产钱包和虚拟现实 (VR) 耳机配对功能,作为Web3 扩展的一部分。

      据悉,HTC Desire 22 Pro可以兼容Viverse系统。Viverse是HTC推出的开源元宇宙平台,由各种应用和游戏组成。用户可以通过智能手机、PC、平板电脑和VR眼镜等设备访问Viverse平台。而HTC Desire 22 Pro则内置了多款Viverse相关应用。这些应用包括可以在Viverse内部建立虚拟形象的的Vive Avatar、建造自己的专属虚拟空间的Vive Room、可以方便地管理个人虚拟资产的Vive Wallet等。Vive Wallet是一个独立于各种应用而存在的钱包工具,可以让用户的个人数字资产不再依附平台。用户可以创建虚拟化身并管理加密货币资产,包括 以太坊 和 Polygon 上的NFT和加密货币。

      HTC 是加密货币技术的早期采用者。 HTC 于 2018 年发布了 Exodus 1 手机,其中包括内置的加密硬件钱包以及运行完整 比特币 节点的能力。 HTC 首席去中心化官 Phil Chen 表示,“五年后,在你的手机上存储一个比特币节点或其他区块链节点将是微不足道的。”

      手机是如今许多人离不开的智能设备,而Web3 又是虚拟又现实的领域,目前来看手机是Web 3.0时代转变移动互联网中最简单、最有效率的载体。所以无论是Solana还是HTC,如今选择与Web3相结合,将硬件与应用结合,那么Web3飞入寻常百姓家或将成为现实。

  13. Jun 2022
  14. May 2022
    1. Subsidiarity, which uses “data cooperatives, collaboratives, and trusts with privacy-preserving and -enhancing techniques for data processing, such as federated learning and secure multiparty computation.”

      Another value of the data cooperative model might be that each individual might not have time to research and administer possible new data-sharing requests/opportunities, and it would be helpful to entrust that work to a cooperative entity that already has one's trust.

    2. In general, I would say that I think there are only a few circumstances in which markets produce good incentives and distributions, and that these depend heavily on publicly accountable governance that set up their rules.

      Amen. This resonates with my concern about systems that want to govern human relations without humans at the center. It's not like I believe having humans at the center of our relations guarantees good practices and outcomes (we have ample proof it does not), but rather that NOT centering humans in human relations may cast aside what's good about humanity along with what's bad.

    1. 在 Monegro 发表总结的 2016 年,Web3 一词还未如今天一般流行,但他还是提出了一种新的范式,也就是反过来,把协议层做厚,应用层做薄,不同的应用共享协议层提供的基础数据,比如用户的个人信息、支付等等。当这些基础数据和能力都沉淀到协议层之后,应用层就不需要重复造轮子,也就会轻量化许多,有机会更加去中心化,更开放。

      Monergro Web3 新范式 协议层做厚 基础数据和能力,沉淀到协议层

  15. Mar 2022
    1. So where does this leave us? The Open Network Learning Mooc has a focus on using open platforms and Open Education Resources; except for the Adobe Connect Pro software being used for webinars. This model of openness signifies a significant move forward in making education accessible and flexible for all participants. However there is still a long way to go before the huge amounts of knowledge and information locked down in courses and databases is made more available. In Primary schools, with the majority of students under 13, an LMS seems logical because of privacy issues. However for older students, university students in particular, and all of the life-long learners out there who can’t access/afford/etc formal learning, open learning makes far more sense. A brilliant debate, carried out over a series of blog posts is a must read for anyone interested in this area. It begins with a polemic by Leigh Blackall, stating there is no need for any type of learning environment at all…and is responded to by Dave Cormier who points out some salient arguments for the PLE. Harold Jarache and Miguel Guhlin join in the debate (see the comments) with responses of their own (sadly the links to these are now dead :-(). These great minds were debating over 5 years ago a topic that is still developing today.

      To my experience, much of online collaboration 'in the open' is making use of google, facebook, twitter etc. Since the article was published, issues of data integrity have been discussed more frequently. The issue of 'who owns my data' is also raising privacy questions for PLEs. Interesting to follow the web3 development here to see what might be possible.

  16. Feb 2022
    1. It aims to build a decentralized, scalable cloud-like platform that can store data, perform computation, and support community-driven governance. It’s addressing the issues plaguing traditional internet, such as relatively low data security and an oligopoly consisting of big tech companies.
    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 ...

    1. In conclusion, the fact that stablecoins or Bitcoin itself acquire the aura of saviours in countries hit by inflation, like Turkey, is nothing more than a measure of the desperation of the people: they will clutch at straws. Stablecoins offer Turks no respite from inflation that buying euros or dollars cannot offer. So, why buy Tether instead of dollars or euros? Why rely on the shadowy characters running a private currency board? Only because the latter deploy good marketing to exploit desperate people.


    2. But, and this is a gigantic but, DAO-like tools will not bring about this new society in which DAO-like tools are useful. (Nb. We can already see how DAOs are being usurped by regressives and real estate moguls in the United States.)

      Indeed and spot on ...

    3. To think that Bitcoin can solve the problem of money, or the problem of the state, is to misunderstand what money is or what states do. Every exploitative socio-economic system is predicated on what the minority running it can make the rest do for them (who does what to whom, as Lenin famously put it). Money and the state are epiphenomena of this system. To believe that you can fix money, or that you can fix the state, is to demonstrate a devastating innocence regarding the larger exploitative system with which they are integrated. No smart contract can, for example, subvert the labour contracts that underpin society’s layered patterns of exploitation. No NFT can change an art world where art is a commodity within a universe of commodified people and things. No central bank can serve the interests of the people so long as it is independent of the demos. Yes, blockchain will be useful in societies liberated from the patterned extractive power of the few. However, blockchain will not liberate us. Indeed, any digital service, currency, or good that is built on it within the present system will simply reproduce the present system’s legitimacy.


  17. Jan 2022
    1. The other two tools more or less emerge to help us scale coordination: institutions and markets.

      Yes ... and we are wearing "structure goggles" here. We are entirely ignoring culture (and being). We scaled coordination for example through religion - which isn't a corporation or a market. Furthermore corporation and markets only work because they are embedded in trust networks and cultures.

      And the problem is once we are wearing our structure goggles we are limited to a certain kind of (mistaken/very limited) diagnosis and cure.

      the basic point is we aren't going to innovate much in governance (at least not in structural terms). Democracy, markets, hell even companies, have been around pretty much "forever". We can invent tools that help them scale in informational terms - but most of the other scaling is going to come from other areas most notably culture and being.

      cf https://lifeitself.us/2017/09/10/four-types-of-problem/

    1. Software can’t single-handedly solve for the “completeness” of every contract, but it can help — and through token enabled ownership, it can help communities overcome the bootstrap problem to fostering innovation. 

      Indeed to the first part. ... and how can it help? Plenty of good answers to that e.g. software and tech allow us to track more things making them observable to all parties and hence contractable on. But how does that relate to the blockchain?

      And similarly on token-based ownership: how does that overcome the bootstrap problem (and what is that problem? A lack of capital, a lack of cohesion etc?)

    2. But if we accept that contracts are simply decision logic — akin to computer programs, then contract theory gives us a framework for thinking about different types of smart contracts and crypto-enabled projects — and how they can scale (including governance of them).

      That's a very big "accept". What do they mean by "decision logic"? Most contract systems seem quite different from decision logic in that there are whole sets of institutions and stuff (courts, laws, constitutions, governments, culture) dealing with that which is "incomplete" in most contracts including enforcements etc

    3. Let’s start by identifying projects that are (mostly) “complete”. These projects aim to specify a system end-to-end, minimizing the need for subjective interpretation, renegotiation, and external governance. In software terminology, the goal of these systems is to be “correct by construction”. Bitcoin’s proof-of-work mining is one such system. Bitcoin’s completeness is a function of its verifiable computation — deterministic hashing algorithms plus hard-coded game-theoretic incentives. Together, these consistently drive the system towards the outcome of producing a correct chain, while minimizing the need for human interpretation or external decision-making.

      Right ... a few questions here. First, what happens if someone steals my bitcoin via fraud or similar? Then we suddenly need enforcement etc.

      Second, how is that different from current banking system that also largely runs without human interpretation. The key difference (as i understand it) is the "decentralization" i.e. no central authority. But why does that make it more complete (if anything it makes it more incomplete as bitcoin is so similar).

    1. An aside on NFTs Because they’re “unique” objects, NFTs are a perfect vehicle for wash trading. You can easily ensure you only wash trade to yourself. The common scheme is to wash trade with yourself until some credible dunce buys the NFT from you at your manufactured “fair” value, leaving you to walk away with real money.
    2. 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:
    3. While people think the main innovation of cryptocurrencies are public blockchain ledger transactions, the vast majority of crypto trading happens on private centralized exchanges.


    1. Uniswap's protocol, and the product offerings built on top of it, are widely used in the crypto space, driving a need to provide a high quality user experience on the product and support front. This is compounded by prominent forks such as Sushiswap, which additionally place Uniswap Labs under significant competitive pressure. But treating community members as end-users conflicts with the desire to treat them as stakeholders, discussion participants, or governance leaders. This conflict is visible in the Discord where support crowds out other conversations, but also in the fragmentation of stakeholder types across different platforms, as we address in the next section.


    1. Imagine if a portion of that 12+ trillion USD that central banks made went to set up local food systems that sequestered carbon and ended world hunger.

      Forgetting the wild numbers: just ask ourselves, most of that money went into buying government bonds ... and what did (democratically) elected govs do with that? They chose to spend it the ways they did ... presumably because at least in part it reflects what their citizens wanted ...

    1. My first impressions of web3

      First impressions on #web3 (or #w3b as I like to call it), from Signal founder Moxie Marlinspike.

    2. 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.

    3. 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.

    4. MetaMask doesn’t actually do much, it’s just a view onto data provided by these centralized APIs. This isn’t a problem specific to MetaMask – what other option do they have? Rainbow, etc are set up in exactly the same way. (Interestingly, Rainbow has their own data for the social features they’re building into their wallet – social graph, showcases, etc – and have chosen to build all of that on top of Firebase instead of the blockchain.) All this means that if your NFT is removed from OpenSea, it also disappears from your wallet. It doesn’t functionally matter that my NFT is indelibly on the blockchain somewhere, because the wallet (and increasingly everything else in the ecosystem) is just using the OpenSea API to display NFTs, which began returning 304 No Content for the query of NFTs owned by my address!

      Indeed ...

    1. What I learnt from Francesco Nachira and his interest in constructivism and theories of language and cognition is that decentralisation can never be just about decentralising infrastructures. One always needs to have a requisite strategy for decentralising institutions as well.So that’s why we always aimed at the decentralisation of economic and political power as the necessary condition of possibility that was needed to deliver on the true emancipatory potential of decentralising digital infrastructures. When I look at the promises made by the proponents of DAOs and NFTs, they seem to believe that technology itself would somehow do the job: once we code a DAO correctly, it will ensure a new institutional form and that form would have revolutionary effects, etc. This seems to me short-sighted and also very inward-looking.It’s not, of course, only about decentralising power. It’s also about creating new institutions to keep old power – which, by now, has taken on new forms – in check. Where are these new institutions when it comes to crypto and Web3? Everyone seems to believe that big tech platforms and Wall Street and Hollywood will just stand idle as they are being disrupted by “crypto.” Does this really sound plausible to anyone?

      Exactly: they believe that "technology itself would somehow do the job".

    2. Well, first of all, I don’t see how Web3 – focused as it is on the creator economy and tokenisation – would allow us to deal with questions regarding infrastructural power and the industrial policy of the future… things like broadband, 5G, data centres, cloud computing, AI, quantum computing, microchips, the next generation of batteries. It’s not just the advertising business models of Web 2.0 that should concern us. What does Web3 offer us here? Not much. The Web3 discourse accepts today’s status quo as a fact and moves on to discuss all these other aspects.Most of the stuff about DeFi seems to me just a temporary phenomenon – the result of central banks’ inaction and delay in grasping the threats that come from leaving this industry unregulated. In this sense, China seems to be seeing through all the Web3 rhetoric and asking the right strategic questions, both in terms of controlling the whole stack, from batteries to AI, to establishing control over the FinTech sector in a way that would reduce risks to the country’s overall financial system. Europe, of course, doesn’t operate in the same political climate, so acting so resolutely about Web3 might not be an option (also for geopolitical reasons). It’s hard to imagine Chinese policymakers spending any time discussing Dogecoin.
    3. This purely technical effort at decentralisation also falls short in thinking about the political and social institutions that are needed to take full advantage of this decentralisation. The big questions that I – and you – have been raising over the past decade, with regards to the political economy of data and infrastructures, of technological sovereignty, of the geopolitics of the stacks, all seem to have dropped the agenda completely. What is being “decentralised” is the ability to extract value and make money, incentivising even further the financialisation of social behaviours. Worse, it seems that people pushing the Web3 agenda have learned very little from the experiences of all the other movements, from free software to Indymedia to the rise of digital democratic cities, that did try to build a more decentralised and democratic digital sphere.

      Nails it pretty well and there is probably something inherent in the technical approach that guarantees falling short here.

    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. This setup means that #projectTokens will form and dissolve as necessary. If everyone leaves, all ETH will be refunded and all #projectTokens will cease to exist. If you buy in early, you will get more tokens for the same price. If you buy in later, you will get less tokens for the same price. If you sell back into the pool, you will get less ETH per token vs selling back into the pool when the outstanding supply is higher.The value derived from curved bonding is that it rewards participants for being early and buying tokens in that project. If they leave at a later point, selling their #projectTokens back into the communal pool will net them a reward. The reason you want separate tokens for separate projects is so that it more easily fits the value being produced from these separate projects. The crypto-economic feedback loops necessary to sustain certain systems will only work if the value being produced is mapped to its own token. For more info, read here:

      Isn't this just the same as any equity investment model where later investors get less than earlier investors ...

    1. When I first read this explanation in the OlympusDAO documentation, I laughed and laughed. “Well yes right,” I thought, “the way a Ponzi scheme works is that early ‘investors’ get rich as long as later investors keep buying more.” Sure, (3, 3). “If we all keep buying this thing its price will go up and we will be rich” is absolutely the main financial theme of 2021, but it is an irreducibly silly theme and I would be embarrassed to formalize it with game theory. 

      (3,3) = ponzi scheme ...?

    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.”
  18. Dec 2021
    1. Does a “Web3” that depends on Twitter for its mar­ket­ing and coor­di­na­tion chan­nel really deserve the name?
    2. Ethereum is the locus of most of this work — hey, who named that client library web3.js, anyway?—so it’s not unrea­son­able to read “Web3” as “Ethereum-powered inter­net”.
    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??

    1. There was a Web 2.0 and people spoke of Web 3.0. Now it all seems to be moving to the moniker web3. Perhaps because of the ability to search for the name or to turn it into a hashtag? #Web3.0 just doesn't work on Twitter which wants to treat the decimal as a period.

    1. Most of the descriptions I’ve seen focus on mechanisms - block chains, smart contracts, tokens, etc - but I would argue those are implementation details and some are much more likely to succeed than others. (E.g. I think using private keys for authentication/authorization is obviously better if you can get over the UX hump - SSH has shown us that for decades.)

      Most descriptions of Web3 focus on mechanisms — blockchains, smart contracts, etc — but those are implementation details.

  19. Nov 2021
    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. Or the PIs who enjoy and excel at raising funds can do so and even re-deploy it to the right scientists, akin to founders who become angel investors and venture capitalists.

      Sounds like a Self-Organized Funding Allocation (SOFA): https://www.ecologyandsociety.org/vol24/iss3/art29/

  20. Oct 2021
    1. TiddlyWiki es un microwiki o wiki personal que incorpora varías de las ideas de Theodor H. Nelson, en particular enlaces de doble vía y transclusión en sólo un archivo HTML + JavaScript + CSS.

      Lo mas potente que he visto hasta el momento de este motor de wiki es su portabilidad y la forma en como es posible extenderlo. Muy util para trabajar con comunidades con poca o conectividad nula e iniciarlos en conceptos como los wikis. Aún asi, creo que estas herramientas podrian incluir en un futuro la posibilidad de escribir de forma simultanea en tiempo real. Quizas lo veamos con la web3 :)

  21. Sep 2021
    1. Active Indexers, Curators and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake.
    2. Curators are subgraph developers, data consumers or community members who signal to Indexers which APIs should be indexed by The Graph Network. Curators deposit GRT into a bonding curve to signal on a specific subgraph and earn a portion of query fees for the subgraphs they signal on; incentivizing the highest quality data sources. Curators will curate on subgraphs and deposit GRT via the Graph Explorer dApp. Because this occurs on a bonding curve, that means that the earlier you signal on a subgraph, the greater share of the query fees you earn on that subgraph for a given amount of GRT deposited. This also means that when you go to withdraw, you could end up with more or less GRT than you started with.

      cryptoeconomics still amazes me, how everything can be an opportunity for 'investment'

    1. A smart contract is a code that executes a set of conditions required for a trade to occur; if one condition fails, then so does the trade. Thus, by adopting blockchain smart contracts to trade ownership of their work, an artist can ensure resale royalties as a condition for the transfer of title, meaning they automatically get a cut of any future sales of their work.

      This is an interesting idea with smart contracts.

    1. “The internet is now a place where everyone has an inventory.”

      Also the decentralized nature of it all makes it so interesting to explore. Keep your inventory in your own wallet on your own domain under your own terms.

    2. This entire world is built on the assumption the internet will never die, which reflects a pretty big cultural shift in how we think about technology.

      I get dizzy from reading what is happening with new ideas like NFT, Web3 and blockchain. It's all a big blurry tangled ball of wool I need to unravel. What most surprises me is how gamified the movement is.