SpaceXponential

Banks and other industries have “know your customer” rules so that they can’t do business with anonymous clients laundering money from criminal enterprises. Large social-media platforms should be required to do the same. That does not mean users would have to post under their real names; they could still use a pseudonym. It just means that before a... See more

On a blockchain network, nothing is assumed to be trustworthy except the output of the network itself (Werbach, 2018). On any transaction, there are three elements that may be trusted: the counterparty, the intermediary, and the dispute resolution mechanism (Botsman, 2017). Simply put, blockchain tries to replace all three elements with software... See more

Objective systems seem desirable, relying entirely on machines and not fallible and opportunistic humans. There is, however, a catch – machines may be running the code, but humans are acting on it. A subjective system might be able to differentiate between legitimate and illegitimate transactions in a way that an objective one could not. Concepts... See more

I think of my friends with wild creativity and technical skills, who aren’t at all interested in participating in the conversation in the art world, with no intention to be remembered for their art, or anything. Something about the idealism of web3, its insistence on a narrative of revolution now, its urge to change the course of history right... See more

The upshot is this: Communities and cults are both valid and reasonable ways to organize social structures. Flat communities worked well in the early internet of high barriers to participation and limited people and content. Hierarchical cults work better today, when the internet has a plethora of content and people, and all those barriers have... See more

Eno's contention is that there are four areas – religion, art, sex, drugs – in which this kind of surrender is prized. "These are areas where you stop being manipulators of your surroundings and become recipients. In religion, you stop being you and you start to become us. With drugs, you go from being you to being part of everything. In lots of... See more

One of my closest friends says his love language is deep attention. When I’m confused about a situation, he listens to what I have to say, directs me with careful questions, and then goes away for a few hours. Eventually, he comes back with a question or framing that slices through my fog. I treasure his speech deeply. The attention that undergirds... See more