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andric.eth

@andric

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andric.eth pfp
andric.eth
@andric
That makes sense!
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andric.eth pfp
andric.eth
@andric
Mechanism design experiments with tokenomics, especially those that proliferated with DeFi ~2020 were fun, but I felt they were hampered by crypto’s counterculture. It’s a bit like running psych studies on uni undergrads only: you can’t generalize findings to the larger population.
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andric.eth
@andric
The flipside of this is that crypto communities are highly conformist & an echo chamber. I tuned out of crypto after paying attention to it 24/7/365 from 2017-2022 and feel all the better for it. Unless you’re a distributed systems and mechanism design nerd (or both), most crypto discourse is “number go up”
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@andric
Bring your software engineering expertise to bear on your thesis, with nuance, and I think it’d be worth a read. I’ve always enjoyed your writing because you attempt to unpack the nuance. There’s *a lot* of nuance with crypto that you can do a whole series on Especially now that it’s a bull market again 😎
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@andric
To the second question: Any protocol that doesn’t take security very seriously has blown up Any protocol that doesn’t improve via upgrades will see forks that do so So the challenge is how to upgrade privileged code running on a untrusted hardware, without bugs or security flaws
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@andric
And going back a decade or more you can see the concept in science fiction books. In Asimov’s Naked Sun, it was futuristic for people to “view” each other as some kind of 3D holographic projection instead of “seeing” each other. It’s still futuristic today! We’re only at goggles VR, no 3D holographs yet
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@andric
Coming back here to see what’s changed (haven’t been on Warpcast in a year!) Love the idea of channels. It’s like #tags and subreddits had a baby.
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@andric
Seeing you on here brought me back here to follow you. I’m the opposite: I grew tired of crypto after following it (and working in crypto-adjacent companies) since 2017. Grew tired of crypto becoming more niche and subcultural, rather than more boring rails-type tech.
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@andric
What I like about it is how it doesn’t skew to one type of user. Warpcast is heavily web3-skewed. Mastodon is highly concentrated with the American Left. Bluesky is organically diverse like Twitter
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andric.eth
@andric
As to your point on stablecoins: they’re just unregulated bonds with a 0 coupon rate. There’s nothing fancy about them and “stablecoin” is a misnomer. Governments are not shutting them down for no reason: you simply can’t sell unregulated securities in most territories where there is strong rule of law.
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@andric
I think ETH folks could think larger than just finance. Ethereum is advertised as a “world computer”, but its primary data structure is a ledger. It’s more like a “world ledger” at this point. Financial markets are a very narrow application of fault-tolerant distributed computing with shared state.
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@andric
Fault-tolerant distributed computing infrastructure with public state, i.e. a “world computer”, if it actually existed, would be immensely valuable.
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@andric
Web hosting sites like Squarespace and Webflow charge you, but then you have a presence on the Web that you can call your own. They’re just the host. Twitter’s not just a neutral web host, but a content network. Charging to publish here defies decades of web publishing norms.
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@andric
There’s lots to be done, chief among which is developer experience. Why does OpenAI and LangChain have easy-to-use Typescript and Python libraries, but working with Ethereum is so full of footguns? Why do LLMs play nice with PostgreSQL, MongoDB, Neo4J, and REST APIs, and blockchains do not?
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@andric
I think it’s possible to be an outsider but still display humility. Bitcoin is not the last word in monetary technologies, and neither is Ethereum in decentralized compute.
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@andric
“Addressable tokens”, I see what you did there!
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@andric
Excel, PowerPoint, Keynote, Observable Notebook, and Jupyter Notebook, etc can also be considered.
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@andric
Notion, Obsidian, Roam Research, Tana, tldraw, Figma, Sketch, Miro, Runway, Ableton Live, Procreate, Photoshop, Illustrator, InDesign, Lightroom, Premiere Pro, After Effects, Final Cut Pro X, Logic Pro, FL Studio, Blender, Unity, 3D Studio Max, Webflow, VSCode, XCode, Jetbrains IDEs, etc.
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The dominant culture is one that can be described charitably as childish. It’s unbecoming. I know people are lonely or nostalgic of the aesthetics of the early 90s and want to signal that they’re counterculture, but counterculture only pushes frontiers in fine art, music, and filmmaking, not in finance & economics
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@andric
No. I have 3-4 years working in the intersection of FinTech and crypto, which is enough years for me to learn that: - I’m not sufficiently skilled to make an impact in the future of finance tech (crypto or otherwise, but I believe the future is crypto) - The dominant culture is not ready to support people who are
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