28 Matching Annotations
  1. 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

  2. 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. 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.

    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

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

  4. Dec 2020
  5. Oct 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.

  6. 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.

  7. May 2019
  8. Apr 2019
  9. 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.

  10. Oct 2018
  11. 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.
  12. Jun 2018
  13. 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.

  14. Jun 2017
  15. 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.