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somjeed

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I'm skeptical of a few things in the medium post, for instance if you compare the etherium's ERC20 defi ecosystem to bitcoin, you will get more git repositories because there are simply more coins. Secondly, more is not always better, and measuring developer activity by git repositories is like measuring lines of code as a metric for the amount of work being done.

There are many other considerations that make a transaction possible. If you remove them, then a transaction wont have much value. For instance, security of chain's history or censorship resistance are required. These features can fall apart quickly with incentive misalignment. They are tail risks and easy to ignore until it happens

He could argue it's for experimentation/faucet. I doubt this goes anywhere, but still shady. This dude has a massive ego and gives off charlatan vibes

edit:seems he is trying to actively to list this on exchanges, so yeah if he does that he has lost all respect in my eyes

Are we just going to pretend like this election was not different from every other election? Something very unique occurred in this election and I don't appreciate the media and leaders declaring a winner when the other candidate is still contesting it. Why shouldn't we wait to be certain?

buying journalism one journalist at a time is too expensive.

I think this closed view is partially do to how we consume media as a service vs. a cheap one time payment/view. I'm not sure if substack is a solution or if micropayments will ever kick off, but I don't see how it is more expensive to pay the journalist directly if the mass publishing mechanism is solved.

it is more than wishful, it is pragmatic, as all attempts before it were shut down by very powerful forces. The purpose of PoW is to create anti-fragile, unstoppable signals using opportunity costs. How society decides to dictate those costs is up to them. Very cool.

The opportunity cost of electricity, what you call waste, is the most apolitical and ungameable resource available. Every other example to "vote" I've seen quickly devolves into another political game.

If the work proof additionally became useful, it would develop a secondary market, and the difficulty would reset to that new cost. In other words, the useful problem solving would just obfuscate cost. It misses the point of proof of work, which is to display a costly signal that market participants will understand.