624 karma · joined September 7, 2021
As cryptocurrencies and other models increasingly securitize everything, I wonder what will happen to the "amateur" market. As viewers we get so much free benefit from the hard work of amateurs.
This will not always be the case. Given his goals, the channel will change as his priorities shift. When he reaches his goal "everyone is aware that locks suck", his next goal is "change locks for the better". This will involve designing and selling locks and pointing viewers towards better locks in a commercial way.
My takeaway is that what makes DAO LLC unique is that it allows for "algorithmic management".
I'm familiar with LLC management, where there are owners, wondering what advantage the algorithmic aspect adds. I'll go read up on CityDAO. Congrats on the upcoming project)!
Here's a piece by Vitalik I found compelling: https://vitalik.ca/general/2021/08/16/voting3.html
2000: Microsoft ordered to breakup by US Dept of Justice
2021: Bill Gates publishes book "How to Avoid Climate Disaster"
Late 2021: Divorce, affairs, and Epstein
One key question when opening any book: "Why did the author write this? Why now?"
> Also, how is this different than any other digital asset? Don't some online games rely on "whales" to be profitable? How is this different than selling items or whatever in those games?
What makes these digital assets different is ownership is all on a public blockchain, commonly referred to as an "NFT". Unlike buying a special upgrade in a regular game, this special upgrade is provably of limited quantity.
See NFTs on Wikipedia: https://en.wikipedia.org/wiki/Non-fungible_token
My guess is it has shifted towards an older audience continually since the beginning. To that end what new things are "against the order of things" today.
For those looking for a Linux phone, is Purism the only (close to) usable option?
Re: "DAOs with currency is just feudalism redone" - I like the way you put this. There does seem to be this kind of land grab where giving ownership somehow changes everything.
Re: Self-hosted currencies in small communities - this one I'm less curious about so am wondering what you see in it. Would the 15,000 cryptocurrencies in existence today start to meet this criteria of different currencies across many different communities?
Re: Cryptocurrency with a built in decay rate - also interesting to think about. Kind of like having a digital tomato or something, it must be used before it molds. I've heard Dogecoin has a high issuance rate, I wonder if that would apply. My sense is it's hard to disconnect from everything else though, and if I had a bunch of rotting tomatoes I would convert them to something more stable (tomato sauce, or trade them for money) unless I had immediate utility for tomatoes.
Re: your above point about nocoiners having more of a disconnected view, agreed. Curious what you think of my comment here on this, speculating that as more of the world becomes a financial instrument, it gets harder and harder to be a nocoiner. In that case we must figure out how to be curious while having/talking our book: https://news.ycombinator.com/item?id=29297148
Like I said, would love to find a place for more discussions like this with you, more distance than the "to the moon", but less technical than an https://ethresear.ch.