"The Web3 ecosystem is incredibly diverse on many dimensions, on the types of problems being solved, locations of the teams, economic models they’re employing, and more. That the Web3 stack is coming together despite the fact that there isn’t a single logically centralized entity coordinating the whole thing is remarkable.
The greatest challenge in the transition from Web2 to Web3 is the transition from systems in which all three vectors of centralization - logical, architectural, and political - have been bundled to systems that are logically centralized but politically and architecturally decentralized." ...Read More
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Great technical TLDR of the Libra Tech: https://twitter.com/protolambda/status/1141010796786401281
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Came across a REALLY cool project in Sardinia this weekend called Sardex.
"Sardex is a regional business-to-business (B2B) "commercial credit circuit," or "credit club" - a members-only network that allows local Sardinian small and medium-sized enterprises (SMEs) to do business by extending each other euro-denominated credit rather than paying in cash." ...Read More
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Dean Eigenmann on Twitter
Replying to @DeanEigenmann @dether_io @3boxdb • twitter.com ↗︎
“What we are creating now is the same siloed infrastructure we see in non web3 technologies.”
I also agree with this sentiment. There’s a tendency for VC backed companies to develop “siloed” solutions in an effort to “landgrab” value. ...Read More
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This is an older article but it's such a good fulcrum for the "funding open-source" conversation. It states the need for rewarding maintainers and explores the OSS funding space.
I think funding open-source is top of mine for everyone right now and the goal of a lot of different projects. ...Read More
https://blog.aragon.org/introducing-aragon-fundraising/
Been following Aragon's progress for a while. I'm really excited to see this launch. The fundraising app will be a great testing bed for continuous organizations, emergent organizations, and all other continuously funded and self-governed orgs. Excited to see the initial experiments that will be spun up using the app. ...Read More
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Also - here was their awesome product demo from this years NYC Blockchain Week. Instant browser-based wallet, no ETH or GAS required + no fees, and instant transactions.... for alcohol. V cool.
https://medium.com/depfi/drinks-paid-in-dai-what-happens-when-the-bar-only-accepts-crypto-766802622576 ...Read More
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[THREAD] I wanted to do a general recap of the recent MakerDAO drama that went down because it was pretty crazy and imo, didn't get the attention that it needs.
It all started with this article from The Block + a leaked legal letter that "set out below our clients' position with regard to recent events concerning the corporate governance of the Foundation Company, which culminated in a request by the Chief Executive Officer of the Foundation Company, Mr. Rune ...Read More
This is interesting but I’m very skeptical if this is secure enough to be used for lending... (this is what the company is considering using this mechanism for).
TCRs are easy to corrupt, especially if there are extrinsic incentives to do so. But may work for soft ID verification for games and social networks? ...Read More
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Nick 'no Nick' Johnson on Twitter
Replying to @nicksdjohnson @avsa • twitter.com ↗︎
We deployed the ENS permanent registrar yesterday 😊🎉 The original registrar processed over 1.3 million transactions throughout its 2-year existence 😳
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Great overview of the differences between Polkadot and Cosmos.
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There's been a lot of talk recently about funding teams building crypto projects. Here's how we're thinking about it at the Ethereum Name Service (ENS).
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I created a template for creating and developing ZeroNet sites.
It supports NPM dependencies and it uses Gulp and Browserify for bundling scripts. It also supports SASS and automatic deployments with Travis CI. ...Read More
The governance layers of Fiat unilaterally adjust the creation and supply of an inventory of infinitely available bank credit in order to manipulate approximations of units of value and relative price signals for goods and services. This mechanism is in turn used to influence and control user cognition and behavior
The objective of the current Moloch is to present this policy abstraction to network users as “money” in the form of bank credit or debt. Users are then forced to accept the bank credit system as a common standard. This is achieved by restricting user boundaries to a single combined
The objective of decentralization of power is to remove this boundary and unplug Neo from the Matrix. ...Read More
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This is a curve market maker-based price oracle! This is something that i've been thinking about for a while in the context of bonding curves. It makes perfect sense, and if you have the right parameters in place there is an incentive for arbitrageurs to have the oracle match the
One interesting application — a dynamic inflation rate tied to price. As the price increases, gradually increase the inflation rate to introduce some stability. This would work particularly well for utility tokens with some underlying value. ...Read More