Tekelala

In essence, an NFT is a digital certificate of ownership, almost always bought and sold using cryptocurrency, to which any digital file — a jpeg image file, a video, a song — can be attached. That Hilton is able to display Iconic Crypto Queen in her home, despite having sold it, is part of the NFT’s appeal — and the challenge it poses to the... See more

Last fall I proposed a term to use (http://www.coreality.com) where I’ll even donate the domains to whatever group can best protect them for the commons. But the goal here is not to make the next ultra-hyped term, but rather to keep something safe from all the hype. In other words: boring.

1. UtilityThe utility is probably the most important factor in a crypto project’s tokenomics.Even if a token is deflationary, has the best price stability mechanisms, distribution, as well as a decentralized and highly efficient on-chain governance process, it won’t be worth too much if it is not used for anything.

Cars and the FutureA little over a year ago I explained in Cars and the Future that there were three changes happening in the personal transportation industry simultaneously:Drivetrains were changing from the internal combustion engine to electricCar operation was moving from human-based to computer-based (i.e. self-driving cars)Ownership was... See more

The blockchain community understands that blockchains can help  align incentives  among a tribe of token holders. Each token holder has   skin in the game . But the benefit is actually more general than simply  aligning  incentives: you can  design  incentives of your choosing, by giving them block rewards. Put another way:  you can get people

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This is technology’s second philosophy, and it is orthogonal to the other: the expectation is not that the computer does your work for you, but rather that the computer enables you to do your work better and more efficiently. And, with this philosophy, comes a different take on responsibility. Pichai, in the opening of Google’s keynote,... See more