NOT Y'R #DEVICE, NOT Y'R NODE NOT Y'R #NODE, NOT Y'R CODE NOT Y'R #CODE, NOT Y'R NETWORK NOT Y'R #NETWORK, NOT Y'R KEYS NOT Y'R #KEYS, NOT Y'R COINS NOT Y'R #COINS, NOT Y'R NFTS NOT Y'R #NFTS, NOT Y'R MEMES NOT Y'R #MEMES, NOT Y'R METAVERSE NOT Y'R #METAVERSE, NOT Y'R #UNIVERSE

Excellent essay. However, the real innovation is blockchain of which bitcoin was the first instantiation. The fundamental shift this technology provides is the irrevocability of contracts. This is the "moral" and social innovation of blockchains: the introduction of objective constraints in human action.

With Mr. @HODL's profile headline is "A new world is struggling to be born." I agree. However, we're not singing from the same hymn sheet. Mr. @hodl has a continuity perspective. The "new" world will probably look similar to our's and the transition will be gradual by hodling bitcoin, he surmises. This worldview doesn't resolve oppositions, but perpetually postpones their settlement. The State expects transparency from its citizens, but feels entitled to not provide transparency about it's operations. Reversely, the citizen expects transparency from his/her institutions, but doesn't get it and is hence reluctant to provide personal data. This is a question of mutual trust #bitcoin is unable to provide an adequate answer to.

GM #peggedsaga #peggedprotocol #stablecoin

What if a stablecoin didn’t need collateral, seigniorage, or control? Pegged issues money through cryptographically fair draws. No upgrades. No admin keys. Just structure and chance. Read the white paper: a launch-and-forget protocol for redistributive, stable currency. Feedback very welcome!

Adobe Acrobat

Adobe Acrobat

#lottonomics #peggedprotocol #cryptothriller #peggedwhitepaper #dwar

GM #peggedsaga #peggedwhitepaper #lottonomics

A quote from "Pegged" catching Alias' rant on how managerialism ruins apps. "They’re built as perpetual money machines, engineered for endless upgrades, subscriptions, and feature creep. Every update adds friction, every redesign extracts a little more. What could be simple tools become unusable labyrinths, serving investors and managers instead of users." Pegged, act II

GM #peggedsaga #peggedprotocol #proofofluck

When algorithmic stablecoins de-peg ...

Spotify

CRYPTO CROOKS: Lunacy Episode 2 – Confidence Game

CoinDesk Podcast Network · Episode