sari

millions and millions of people own U.S. dollars, which means precisely that some bank has a list and there is an entry for them on that list. It’s probably not in Excel, but same basic idea: The bank has a list of dollars in its accounts, the list is not kept via any sort of consensus mechanism or blockchain or whatever; the bank just keeps the li... See more

We're entering the Third Wave of Digital Media. Wave 1 ➱ Monolithic Media Wave 2 ➱ UGC Wave 3 ➱ Multiplayer Media A (scruffy) theory ⇓

This highlights the need for on-chain reputation systems. On-chain reputation systems will capture our actions that occur on blockchains: our contributions to DAOs, our governance voting history, our token holdings, and more. Ultimately, reputation systems will use these on-chain actions to make predictions about how we will act in the future to ma... See more

You don’t immediately think, “This tiger needs to go to tiger therapy and get a prescription for tiger anti-depressants so it can feel better about living in a zoo and stop feeling sad about having to suppress its wild instincts”. You don’t think the tiger needs to “get over it” and make the most of its situation. You don’t consider showing the tig

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“It’s a rare person who wants to hear what he doesn’t want to hear.” —Richard Cavett

If knowledge is power, knowing what we don’t know is wisdom.