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balajis

@balajis.eth

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Peer to peer ad markets are now live on Zora. For any post you can buy the content coin. And if you’re the number one holder, you can pin a link under the post. This solves many issues at once. (1) First, it gives utility for holding a post-specific digital currency. (2) Second, it allows creators to share directly and instantly in ad revenue. (3) Third, it allows advertisers to micro-target individual posts more specifically than ever before. Entire new crypto ad exchanges can arise on this basis. (4) Fourth, it’s an application that’s legible to web2 execs, as they understand the monetization of attention. (5) Fifth, you can work out the CPMs, but they may well be lower than traditional ads. (6) Sixth, it’s enabled by the p2p aspect of crypto, as it’d be hard to facilitate this kind of microtransaction otherwise. (7) Seventh, creators will probably want to curate their top reply or have AI doing it for them. (8) Finally, if this works it can be scaled across any social crypto product.
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Cryptocurrencies are digital boundaries. That is, in the physical world you can clearly distinguish where France ends and Germany begins. And you can enumerate the millions of people near the Franco-German border, as opposed to those who are more internally located. But in the digital world, you can’t easily see the Instagram/X border. You can’t see which people spend a lot of time on both platforms, and are in a sense near the network border, as opposed to those who are “patriots” to just one platform. Until crypto. Because coin holdings give public digital boundaries. You can determine from wallets and posts which people are coin maximalists (and hold 100% in one coin) vs which people are in digital border territories (and hold balances in multiple coins). This is machine-readable information that can establish digital and physical borders for a community. NFT-gated Discords and door locks prove the point. So: it’s early now, but eventually crypto tribalism becomes crypto patriotism.
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NFTs have evolved into at least four categories. First, there are name NFTs like yourname.eth. These are the easiest to understand because they are just like domain names or usernames. Next, there are profile NFTs like Bored Ape. These have value because they are like club memberships, and people make them part of their public identity. Next, there are Zora-style content coins like horse (see reply), which update the art NFT model by setting up a market for every Instagram-style post. Buyers buy these coins to show appreciation for the creator, to speculate on how much more popular a given post will get, and sometimes to show (via onchain timestamps) that they’re early to spotting new talent. Finally, there are micro-NFTs that just represent onchain data, akin to “typed likes”. Many social actions are now cheap enough to record onchain.
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I want a simple open source JS text widget that automatically detects and rejects AI input. - It constantly keeps up to date with the latest models - As the user types, it displays the probability that the input is AI - If the user pastes in text, the AI probability increases - It flat-out rejects input if AI probability is >50%, by graying out submit - It doesn't show anything unless the AI probability is high Basically, a good slice of people now paste in AI slop because they're lazy, can't write, or don't realize how detectable it is. I don't want to manually detect it with my eyes, I want AI to do that and reject it prior to submission. Put the widget up at noaijs.com or a similar domain. Allow developers to subscribe for a hosted version, or even perhaps buy a memecoin (ha!) to support.
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🙂 All right. Let’s go a few rounds. Our mutual friend @mazmhussain can adjudicate. (1) First: startup societies are based on 100% consent. No one is there who hasn’t chosen to be there. No one is in a hierarchy if they haven’t opted into that hierarchy. Signing the social contract to join a community is much like signing a contract to join a company: you view the docs, make an informed decision, and opt out if it doesn’t work. That right to exit is the fundamental right. (2) Second: not all existing laws are good laws, like the PATRIOT Act. Sunsetting *some* laws doesn’t mean you don’t believe in laws in the abstract. (3) Third: you likely have views on what your ideal community would be. Maybe it’s a vegan village. Maybe it’s modern Amish, where tech is paused at the level of flip phones and people enjoy each other’s company. If you ever decided to build such a peaceful, opt-in community, then we would support you. And that’s what startup societies are about.
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I am hiring Farcaster devs. As context, I’m the former CTO of Coinbase. While there I drove our transformation from a four asset company (BTC, ETH, BCH, LTC) to the infinite asset backend Coinbase has now. I also championed and led the USDC launch at Coinbase, taking it from $0 to $1. And worked closely with @dwr.eth, who has been a friend for 10+ years. So, if you want to build real crypto products — not gambling, not vaporware — come work with us. I think Farcaster is exceptionally underrated as a protocol and want to use it as the backbone for a new kind of crypto-first school. To motivate: imagine if every problem you solved in college doubled as a portfolio piece — as a *proof-of-learning* NFT added to your public ENS. That would build a new kind of AI-proof verifiable resume. And that is what we want to build on Farcaster. So, come work with us! https://jobs.ns.com/33467
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