Daniel McGlynn

@danielmcglynn

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Yesterday I found something buried deep in my drive. I started writing it a few years ago and it looks like I stopped at some point. It's more of a well developed outline than a first draft. It was fun to reread it after having completely forgotten about it. I actually thought it was good. Then I thought, "How did I come up with this?"

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I mean, it's Valentine's Day and I just wrote today's post about interoperability in the first principles section of Open Money...

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What comes after the casino culture?

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I'm still working on my daily posts in the hopes of building a book. The work is coming along. Some of the posts are rehashing stuff I've written previously and making it fit in the current format. Other posts are new ideas that are needed to fill out the structure. I just wrapped up section two (or maybe I should start calling these chapters), which was all about money stuff. Now we are on to section/chapter 3, which is all about some of the first principles of Open Money. Next we'll move into how Open Money works in the wild. Thank you to everyone who has checked it out. I appreciate it.

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I still think the killer app will be the ability to make a one-of-a-kind mixtape that somehow degrades over time. Communicating with mixtapes is a lost art, and quite frankly, I think could help a lot of people.

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It's interesting that when you are living through big historic moments you know it's a big deal, but you don't have enough context to understand how big of a deal yet.

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It's important to know who you are writing for. In the case of the Open Money project, I'm writing for my neighbor who stops me in the driveway to ask about NFTs. Or my friend who sends texts asking things like "is dogecoin real?" I've been writing about crypto for going on ten years. A lot of people around here like to say "we are so early." But so what? If all of this still doesn't make sense to people who are trying feed their families or make ends meet, then it feels like more of a game or a toy than a disruptive, society-shifting change. Anyway, I'm writing Open Money for my neighbors and my friends. But I'm sharing it with everyone in the hopes that it makes the work stronger and more useful.

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Today's post: Universal money https://www.danielmcglynn.com/universal-money/

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The resistance will be onchain.

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Today's post is based on a deeper dive about government-backed digital money versus alternatives that I wrote a few months ago. It's striking to me how much the context has changed since then... https://www.danielmcglynn.com/the-role-of-public-money/

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Once I realized that most of the music I like doesn't get played on the radio, I felt a lot better about hitting publish every day. https://www.danielmcglynn.com/adding-to-the-current-money-system/

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Still get that jittery feeling every time I hit publish on a newsletter. https://www.danielmcglynn.com/algorithms-as-ammunition/

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There's a stretch of highway near my house that they've been working one for going on two decades. The goal is to widen it, and to better protect it from future floods. Modernizing an old highway is a slow, painful process. It causes a lot of issues, and like I said, it has for years. In a lot of ways that project is a great metaphor for the move to Open Money. Despite all the degen behavior and the market hype and the other shenanigans that's getting people locked up, we are ultimately talking about an infrastructure upgrade. This is all about making the highways wider and adding new on and off-ramps. https://www.danielmcglynn.com/money-as-infrastructure/

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I'm about 98% sure this is the way things are headed. I'm leaving the 2% for opposite day. https://www.danielmcglynn.com/money-is-still-evolving/

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Continuing with the part of the story about what makes money, money, we look at the history of money as the world's first portable hard drive of sorts. https://www.danielmcglynn.com/money-as-data-storage/

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Section one focused on laying the groundwork of the Open Money framework, emphasizing the need for permissionless, scalable, and accessible systems. Section two looks more specifically at the money aspects of Open Money. We start with a basic definition of money. We'll look at the history of money (it turns out every disruptive money technology was initially controversial and required a long adoption runway, likely because of human psychology). The basic gist of section two will be to show how money, like the internet, are evolving quickly right now -- and the two systems are changing together, which provides ideal conditions for Open Money. You could say that this section is historical in a way. We look back to try to understand what might be around the corner...if only we could do that in other facets of public discourse right now.

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For when you're not sure if "interesting times" is a blessing or a curse: https://paragraph.xyz/@open-money/crypto-capital-mandate

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I'm not really a fan of screenshot text post format. But in the interest of experimentation...

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It's hard to believe, but here is a recap of the section one. I'm really excited to move to section two next week (it will focus on some of the interesting quirks of the current money system and look a how Open Money is an alternative). But the job today was to recap section one, which hopefully outlines what the Open Money framework. Likely we will revisit section one in the future and add more context as the project evolves. But for now, it feels like a milestone to move on from this part. Here's the recap: https://www.danielmcglynn.com/section-one-recap/

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I first got into crypto back in the day because of a magazine assignment. I was intrigued by the cypherpunk ethos and the idea of building an alternative system that would work as a means of resistance and inclusion — both at the same time. I wound up staying interested in crypto and I've been writing about it in one form or another for the past decade or so. While crypto has gone on a narrative walkabout over the past several years, it occurs to me that the story will likely end where it started. Back in the day a lot of the cypherpunk stuff felt like edge cases, or worst case scenarios. Today, it's starting to feel like morning headlines. When I started working on the outline for the Open Money project, the idea had a different weight, and maybe a different meaning. Anyway, this is all context for today's post about why internet scale matters. https://www.danielmcglynn.com/open-money-and-internet-scale/

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