SpaceXponential

We are at the start of the third, biggest trust revolution in the history of humankind. A trust shift does not mean that the previous forms will completely be superseded, only that the new form will become more dominant. The first phase was local trust, where it was based on one-to-one interactions and personal reputation. Next came institutional t... See more

“Trustless trust”, as an expression, conveys a trait of blockchain being inimical to trust, when in fact it is the contrary. Not only does blockchain thrive on trust, it is able to “generate” trust in circumstances where there is none, such as impersonal cases brought about by the scale of a network typically found in collaborative transactions don... See more

The key to Clubhouse’s rapid accession is that its social design makes it an ideal platform for cults at a time when the social internet is rapidly evolving away from organizing around communities and toward cults. Clubhouse’s rise likely signals major strategic shifts that several legacy social platforms are going to have to consider.

This is what growing up very visibly online is like. It’s hard not to internalize the sense that you’re constantly being watched and thus everything you do demands a defensible explanation. **Granted, there are many benefits to this — incredible opportunities are unlocked by constructing a digitally consumable caricature of yourself that makes you ... See more

Most of what the crypto world calls art is entertainment, or fashionable assets. They snatch your attention. They care more about making a tweet or a headline declaring they SOLD OUT, they set a HISTORICAL RECORD, and they tell you this is the art’s value. But the value of what? Monetary value is not a good indicator of the aesthetic value, the his... See more

Political scientist Russel Hardin (2002) argues that trust is really about encapsulated interest, i.e., a kind of closed loop of each party’s self-interests. Like the real estate agent who sells a house at a reasonable price not because she cares about the client but because her commission is directly tied to the sale price, the drug dealer also ea... See more

+ Local tolerance for the novelties — The local “outside” does not push back too hard against the transgressions of the scene. The renegades and mavericks are protected by this buffer zone.

Curation means making arguments through objects as well as words, images, and sounds. It implies a spatialization of the sort of critical and narrative tasks that, while not unfamiliar to historians, are fundamentally different when carried out in space—physical, virtual, or both—rather than in language alone. It means becoming engaged in collectin... See more