casi

I enjoyed this article, i still never finished infinite jest as much as id like to. but this idea of burn-in is really interesting as a way to present ideas. I guess ill try again ha

CirclesUBI and proof of humanity UBI

Both basic income projects. Proof of humanity ubi tokens are more easily tradeable and meant to provide Sybil resistance to eth projects, but circles has a nice self contained design which is probably more interesting as a form of basic income/ community currency.

You can join a staking pool with as little as you have. Just like joining a mining pool with your laptop.

And you can get eth with gasless minting of nfts. Draw a picture and sell it. Don’t have to spend any money.

I much prefer this to burning up electricity which basically hands the network to energy suppliers and asic manufacturers.

I equally find it strange that people continue to come to hackernews- the Silicon Valley VC startup land - and can’t grasp that the infrastructure for programmable money might have some value. And write off p2p communication and coordination tools as zero-sum/ fraudulent games. And then wish for the government to ban other people’s jobs and hobby’s and communities because they don’t like it.

Blows my mind that people might spend their day coding, and night playing mmorpgs, and still not understand crypto. I guess we need better UX and storytellers.

Can’t really talk beyond Europe viewpoint, so might be different elsewhere, but here in the UK the left often talks of removing Westminster central control and empowering smaller local politics. I’m left wing/labour/union/coop worker and work in crypto, same with my colleagues. I really disagree with the projection that it is right wing ultracapitalist. It’s one of the best tools I’ve seen for cooperatives and community organisations

I guess there creator of dogecoin always saw it as a joke, so this isn’t surprising.

Cryptocurrency is about choice and voice. Coordination and communication tools. There are American right wingers with their tokens and systems they’ve designed. But there is also things like CirclesUBI which is much more socialist and gaining momentum in the Berlin indie art scene.

Of course if you aren’t engaging with the space you just see speculation and hear about hacks and crime and people who became millionaires. what you will hear about is what Silicon Valley vcs pour millions of dollars into things they want you hearing about.

But actually engaging with devs in the space and the different subcultures you can find people you get along with. You can find communities and daos doing things you are interested in and share your political alignment. Most people I know working in the space have European left wing leanings.

Also a reminder. You don’t have to spend any money to be involved. Write code, join chat rooms, work on things you enjoy and want to make. That is going to obviously be much more rewarding than gambling on the back of VCs bags.

People are always surprised when I describe how bad the internet connection I have is here in the UK. 3meg down 0.2 up. If it rains or is too windy the connection dies. I’ve spoke to bt and openreach hundreds of times but it never gets any better. I’m the last house on the end of a copper line and there is no interest in fixing it. Four years ago the village was supposed to get fibre, recently “delayed” again. I rely on the 3G signal, which isn’t much better tbh.

My Starlink arrives next week :) I’m so exited to be able to finally download some photos I put on google drive a couple of years ago.

That isn’t how it works.

There isn’t a cap on validators so you can’t buy up a fixed percentage of the network. More people can always join. You will be diluted over time unless you choose to reinvest(same as mining).

As we reduce the hardware costs and energy usage costs it becomes easier to participate in the network (especially via pools, same as mining but much much cheaper).

Being able to run a validator on a solar powered raspberry pi is a great improvement to making participation in the network accessible. We should see the exact opposite of what you suggest, anyone who wants to participate not having energy or hardware restrictions should make it less Matthew-effect-like.

PoS increases both the cost of a direct attack on the network as reorganised/51s are more expensive to perform with slashing mechanisms in place, and also removes the threats of supply line disruption by either nation states or cartels forming to control the flow of the hardware.

PoS is great.

I agree, it seems like results are getting worse, a few years back I could ask a question and get an answer. Now I don't even bother and go straight to sites to search, be it wikipedia/ github/ stackoverflow/ ebay. Googling for it is just a waste of time.

The policy has always been “minimal viable issuance”

Worth pointing out “initial investors” is anyone who sent 1 btc to the crowdfund back in 2014. It wasnt some closed off thing for vcs, anyone could participate. People just bought their tokens before the network started.

FTX (crypto exchange) was one of Bidens biggest donors last year...