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"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
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
Inflation based is undoubtedly the best, but it involves a lot of uncertainty of how to allocate the money. The easiest option would be to have a central granting body, but a dispute about removing that granting body would be extremely contentious and drawn out, like a 10x worse ProgPow ...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
[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
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
We deployed the ENS permanent registrar yesterday 😊🎉 The original registrar processed over 1.3 million transactions throughout its 2-year existence 😳
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).
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
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
I've heard that key management is a hard problem and thus a barrier to blockchain based identity and cryptocurrency adoption. This group doesn't make it seem that complicated. (please comment)
This article contains a chart demonstrating that different #blockchain companies have different purposes - and they overlap with lots of other tech to create a secure, scalable #decentralised ecosystem