Post AFwwVPINEVRgEc9o7k by xerz@fedi.xerz.one
(DIR) More posts by xerz@fedi.xerz.one
(DIR) Post #AFwnO6abU3WcbY7y1A by xerz@fedi.xerz.one
2022-01-29T23:10:55.986281Z
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my worst fear as someone who wants to teach and hand over opinions out there: getting a lot right AND wrong at once https://www.youtube.com/watch?v=YQ_xWvX1n9g
(DIR) Post #AFwnPkDlcTrfoGEAaG by xerz@fedi.xerz.one
2022-01-29T23:11:14.011424Z
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the Scuttlebutt mention is particularly painful but also caused by the devs themselves
(DIR) Post #AFwnmuEoXjwrXLlHaC by xerz@fedi.xerz.one
2022-01-29T23:15:24.741625Z
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I want this on a t-shirt
(DIR) Post #AFww3xo5KJVrA5u6Fs by xerz@fedi.xerz.one
2022-01-30T00:48:07.521123Z
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I agree 100% with the core message of NFTs and “Web3” being about financialization, where every single aspect of our lives becomes money and everything is corporatized, where meaning totally equates price, being used as a field for rich devs to become the superrich. That’s a really important message to send. A lot is right about the specifics too. On the other pawhandthingie, I can at least point out some disagreements I have:Cryptocurrencies are only zero-sum games if you assume what’s “real” money or not, and that the sum of “real money” is always constant. Almost like inflation is a thing. And ofc, a crypto can theoretically aspire to be a currency with a higher capitalization and liquidity than any fiat one.Cryptocurrencies can change incentives in society, and this very video proves so. However, to make them work fairer it needs work which the currencies cannot provide on their own, and more often than not, it doesn’t get done because it’s harder or less profitable – a point actually acknowledge late in the video.Blockchains can be anonymous and fully private, just ask ZCash and Monero.Blockchains aren’t limited to slow PoW or PoS, some (mentioned in the video) take trivial time to run transactions, by design even and not merely due to popularity, like Solana https://www.statista.com/statistics/944355/cryptocurrency-transaction-speed/Scuttlebutt is a blockchain only in the most technically vague of senses. It’s not even intended to be an append-only ledger, but an append-only post database (see https://twitter.com/ahdinosaur/status/1484872507576713219)Nothing can possibly guarantee data deletion after it’s first posted online. That’s an inherent risk of sharing data with third parties: they can always copy it. And not all (meta)data in crypto needs to be logged into a write-once blockchain at all.At first I don’t see an issue with deflation? OK, food is cheaper tomorrow than today, that doesn’t mean I’m skipping eating. I think that’s something I’m probably not well versed enough on though, so it could be up to debate, but afaik the consensus among economists is “deflation is good unless debt kicks in”I really, really don’t think the concentration into a few centralized web services happened because the complexity and cost of stuff couldn’t be managed otherwise. I think that’s purely out of economic incentives from network effect, which also are being exploited with Web3/metaverse stuff.Windows is not a company, Microsoft is.Keeping this in mind, I’d recommend watching the video if you care enough to watch ALL 2:18 HOURS OF IT, because it brings in TONS of helpful nuance I often wholeheartedly agree with.I shouldn’t have to do the work of putting asterisks everywhere though…
(DIR) Post #AFww9OpUHhsGQ29TjE by xerz@fedi.xerz.one
2022-01-30T00:49:07.026418Z
0 likes, 0 repeats
I agree 100% with the core message of NFTs and “Web3” being about financialization, where every single aspect of our lives becomes money and everything is corporatized, where meaning totally equates price, being used as a field for rich devs to become the superrich. That’s a really important message to send. A lot is right about the specifics too. On the other pawhandthingie, I can at least point out some disagreements I have:Cryptocurrencies are only zero-sum games if you assume what’s “real” money or not, and that the sum of “real money” is always constant. Almost like inflation is a thing. And ofc, a crypto can theoretically aspire to be a currency with a higher capitalization and liquidity than any fiat one.Cryptocurrencies can change incentives in society, and this very video proves so. However, to make them work fairer it needs work which the currencies cannot provide on their own, and more often than not, it doesn’t get done because it’s harder or less profitable – a point actually acknowledged late in the video.Blockchains can be anonymous and fully private, just ask ZCash and Monero.Blockchains aren’t limited to slow PoW or PoS, some (mentioned in the video) take trivial time to run transactions, by design even and not merely due to popularity, like Solana https://www.statista.com/statistics/944355/cryptocurrency-transaction-speed/Scuttlebutt is a blockchain only in the most technically vague of senses. It’s not even intended to be an append-only ledger, but an append-only post database (see https://twitter.com/ahdinosaur/status/1484872507576713219)Nothing can possibly guarantee data deletion after it’s first posted online. That’s an inherent risk of sharing data with third parties: they can always copy it. And not all (meta)data in crypto needs to be logged into a write-once blockchain at all.At first I don’t see an issue with deflation? OK, food is cheaper tomorrow than today, that doesn’t mean I’m skipping eating. I think that’s something I’m probably not well versed enough on though, so it could be up to debate, but afaik the consensus among economists is “deflation is good unless debt kicks in”I really, really don’t think the concentration into a few centralized web services happened because the complexity and cost of stuff couldn’t be managed otherwise. I think that’s purely out of economic incentives from network effect, which also are being exploited with Web3/metaverse stuff.Windows is not a company, Microsoft is.Keeping this in mind, I’d recommend watching the video if you care enough to watch ALL 2:18 HOURS OF IT, because it brings in TONS of helpful nuance I often wholeheartedly agree with.I shouldn’t have to do the work of putting asterisks everywhere though…
(DIR) Post #AFwwDqSfUXcDHBb9Tk by xerz@fedi.xerz.one
2022-01-30T00:49:55.058981Z
1 likes, 0 repeats
I agree 100% with the core message of NFTs and “Web3” being about financialization, where every single aspect of our lives becomes money and everything is corporatized, where meaning totally equates price, being used as a field for rich devs to become the superrich. That’s a really important message to send. A lot is right about the specifics too. On the other pawhandthingie, I can at least point out some disagreements I have:Cryptocurrencies are only zero-sum games if you assume what’s “real” money or not, and that the sum of “real money” is always constant. Almost like inflation is a thing. And ofc, a crypto can theoretically aspire to be a currency with a higher capitalization and liquidity than any fiat one.Cryptocurrencies can change incentives in society, and this very video proves so. However, to make them work fairer it needs work which the currencies cannot provide on their own, and more often than not, it doesn’t get done because it’s harder or less profitable – a point actually acknowledged late in the video.Blockchains can be anonymous and fully private, just ask ZCash and Monero.Blockchains aren’t limited to slow PoW or PoS, some (mentioned in the video) take trivial time to run transactions, by design even and not merely due to popularity, like Solana https://www.statista.com/statistics/944355/cryptocurrency-transaction-speed/Scuttlebutt is a blockchain only in the most technically vague of senses. It’s not even intended to be an append-only ledger, but an append-only message database (see https://twitter.com/ahdinosaur/status/1484872507576713219)Nothing can possibly guarantee full data deletion after it’s first posted online. That’s an inherent risk of sharing data with third parties: they can always copy it. And not all (meta)data in crypto needs to be logged into a write-once blockchain at all.At first I don’t see an issue with deflation? OK, food is cheaper tomorrow than today, that doesn’t mean I’m skipping eating. I think that’s something I’m probably not well versed enough on though, so it could be up to debate, but afaik the consensus among economists is “deflation is good unless debt kicks in”I really, really don’t think the concentration into a few centralized web services happened because the complexity and cost of stuff couldn’t be managed otherwise. I think that’s purely out of economic incentives from network effect, which also are being exploited with Web3/metaverse stuff.Windows is not a company, Microsoft is.Keeping this in mind, I’d recommend watching the video if you care enough to watch ALL 2:18 HOURS OF IT, because it brings in TONS of helpful nuance I often wholeheartedly agree with.I shouldn’t have to do the work of putting asterisks everywhere though…
(DIR) Post #AFwwRq7PYyMWGcKQr2 by xerz@fedi.xerz.one
2022-01-30T00:52:27.007266Z
0 likes, 0 repeats
p.s.: I was there in 2016 to see The DAO™®© collapse, it was obvious to know it’ll happen and it was fun :blobcatpopcorn:
(DIR) Post #AFwwSx8WxJFwK4Nng8 by xerz@fedi.xerz.one
2022-01-30T00:52:39.642075Z
0 likes, 0 repeats
p.s.: I was there in 2016 to see The DAO™®© collapse, it was obvious to know it’d happen and it was fun
(DIR) Post #AFwwVPINEVRgEc9o7k by xerz@fedi.xerz.one
2022-01-30T00:53:06.207333Z
0 likes, 0 repeats
p.s.: I was there in 2016 to see The DAO™®© collapse, it was obvious to know it’d happen and it was fun (in a way, dunno if anyone was actually hurt) :blobcatpopcorn:
(DIR) Post #AFxmpX3fHBAficC8sC by matty@anarchism.space
2022-01-30T04:37:48Z
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@xerz deflation in Econ is considered far worse than inflation, because it incentivizes hoarding instead of capital investment
(DIR) Post #AFxmpXxJwFgsVEEaci by xerz@fedi.xerz.one
2022-01-30T10:39:22.289568Z
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@matty ngl I can’t imagine it being much worse than today where most people can’t afford anything and those who can will hoard anything lol
(DIR) Post #AFxmu3sjBGO6g4EsL2 by xerz@fedi.xerz.one
2022-01-30T10:40:13.289764Z
0 likes, 0 repeats
@matty ngl I can’t imagine it being much worse than today where most people can’t afford anything reliably and those who can will already hoard lol
(DIR) Post #AFxmv8lyTtnQ8Wavc8 by yaaps@banana.dog
2022-01-30T02:37:40Z
1 likes, 0 repeats
@xerz I only had enough patience for 33 minutes. Like, I want nuanced discussion here, but can we have nuance over 500 characters and less than 90 minutes?
(DIR) Post #AFxn0HxLlTRK4BN18K by xerz@fedi.xerz.one
2022-01-30T10:41:20.723993Z
0 likes, 0 repeats
@yaaps perfectly understandable, I have no idea of (maybe?) 3 million of people like me have managed to hold until the end :blobcatderpy: I would do a summary but that implies watching the whole thing again lol
(DIR) Post #AFxn1pFjSFahchhXTU by xerz@fedi.xerz.one
2022-01-30T10:41:37.426111Z
0 likes, 0 repeats
@yaaps perfectly understandable, I have no idea how (maybe?) 3 million of people like me have managed to hold until the end :blobcatderpy:I would do a summary but that implies watching the whole thing again lol