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ernopp

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Verifying my Blockstack ID is secured with the address 14xWv6m8Cr8pECmyipF6ZWDbAY7kQD4t2h https://explorer.blockstack.org/address/14xWv6m8Cr8pECmyipF6ZWDbAY7kQD4t2h

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The case for doing what they did is that it helped a lot of people access books (eg school curriculum ones) in the middle of Covid (not everyone knows how to pirate things).

Not saying it was the right move but you can see where they're coming from, they wanted to help people.

It's from Preston Byrne (added this in my original comment).

The reason I think it's relevant is that posts like Palmer's attack only the "scam side" of crypto (the 99%) without acknowledging the "new paradigm" (1%) side

Yes there are scams, yes there are pumps and dumps, yes there are insiders who control too much liquidity. But you also have to do justice to the promise of the tech.

It was not previously possible for anyone with an internet connection to take out a loan via a decentralised protocol (MakerDAO), or exchange assets via a decentralised contract (Uniswap), or have a digital proof of authenticity (NFTs). And all of this without middle-men taking fees, opaque leverage throughout the system (see Archegos) and gating access to only certain participants (the richer half of the world who have a bank account).

These days I tend to send skeptical folk this writeup on the problems with centralised finance, and associated DeFi solutions: https://john-street-capital.medium.com/fintech-3-0-re-archit...

Nice post.

For permanent storage you should check out https://www.arweave.org/ rather than IPFS + centralised pinning services like Pinata. With Arweave you pay a small upfront fee to have the network store your file forever.

It's the promise of IPFS+Filecoin but actually live and being used (eg by the Internet Archive). There's some decent tooling & docs for it too: https://github.com/ArweaveTeam/arweave-deploy

Edit: Filecoin is also live and being used, I was out of date. https://docs.filecoin.io/store/

DeFi protocols don't have KYC/AML systems. All they know about is your wallet, and from that wallet you can buy any token, borrow/lend, add liquidity to a market-maker pool, etc.

Indeed. There was a great article in the FT on this looming battle recently:

Human society, the historian Niall Ferguson says, oscillates between the dynamic of a metaphorical “tower” and the “square”. Sometimes institutions or leaders control social groups in hierarchical ways, just as church towers overshadowed medieval European cities.

At other times, horizontal networks shape events, operating like crowds in ancient city squares. The “square” used to work best in small, face-to-face groups, but digitisation now enables peer-to-peer systems to operate on a massive scale.

Now, however, a “tower” dynamic is entering the frame. On Wednesday, the Bank for International Settlements (the central bankers’ bank that, in a delicious irony, occupies an actual black tower in Basel) issued a striking report that lashed out at the “square”.

https://www.ft.com/content/9481d93d-c7ef-4749-9916-bc860d538...

Spot on.

I've been working in startups for 10 years (my whole career so far) because I was optimising for learning, not financial return. I made the bet that startups would be the fastest way to learn (breadth of tasks, workload, exposure to more senior people etc) and I am allergic to larger company bureaucracy.

I wonder how we could get more people to experience this effect... Something like what Stewart Brand did by pushing for and publicising the first whole earth picture (in part via the Whole Earth Catalog) but more for the internet age.

I was toying with an idea of a site called "Get Some Perspective" where you'd start off with a FPS view and as you scroll you gradually zoom out, eventually to the whole observable universe. You could send this link to people if they're being short-sighted, callous, etc and hopefully instill a bit of the Overview effect in them...

I love this quote from Edgar Mitchell (Apollo 14) on seeing Earth from the Moon:

You develop an instant global consciousness, a people orientation, an intense dissatisfaction with the state of the world, and a compulsion to do something about it. From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, "Look at that, you son of a bitch."

He can write all the posts about software engineering practices he wants his server is still down right now :)

Free Ross Ulbricht 7 years ago

Permitting sales of illegal drugs & services is a defining feature probably worth mentioning.