Content
@
0 reply
0 recast
0 reaction
Murtaza Hussain
@mazmhussain
Here's my thoughts on @cdixon.eth book "Read, Write, Own," as well as my critical assessment of the blockchain industry generally. Published on @paragraph which is a nice little publishing platform: https://paragraph.xyz/@unmediatedthoughts/casino-killed-the-computer-star
6 replies
2 recasts
26 reactions
highplains.base.eth 🎩✨🔴
@highplains66
Thanks for the great article on what may be the new substack, even if it is from a hater ;) The USA is having a rough time with regulations lately (a long time). Major important top level regulations get cut; separating banking from investment banking, equal time for political parties on media outlets, merger/monopoly activity, etc, etc. I believe its a long worrying list. Now with crypto the regulatory environment is still more dysfunctional than ever. I assume its pressure from various parties to catch up or try to crush innovation/competition, stall so parties may plan and attempt to control, fear of change, etc. Or maybe its just b/c things politically suck right now. I hope we get a basic open framework of reasonable regulation soon. Also, being a new asset class really lends itself to a lot of unsavory activity just b/c of what it is (other tech didn't have to deal with that aspect). I think we've seen the biggest washout of bad actors (FTX etc) as long as we get regulations sooner than later.
0 reply
1 recast
1 reaction
MJC
@mjc716
nice piece, good balance, we need more sober-optimist critics i think one thing to note is that bitcoin and ethereum to some degree are associated with a rather large monetary premium, so treating the crypto market cap as apples to apples to google market cap for example overstates the current equity value of crypto projects quite a bit
1 reply
1 recast
1 reaction
0xZara.eth🎩
@0xzara.eth
Great reference to Shiller! Without narratives there is no economics.
0 reply
0 recast
1 reaction
Callum Wanderloots ✨
@wanderloots.eth
Well written! I read RWO earlier this year and had similar sentiments. I think it’s a stark take at the industry while giving a glimpse of what could be. I think there’s an element of not just building the computer while the casino declines, but of also fostering a cultural movement that cares more about the computer than the casino. Speculative tokens take so much attention away from what is actually being built of value. IMO, people don’t actually understand what it means to be in an attention economy run on various incentive structures. People misunderstand the present due to a lack of historical understanding, which leads cycles to repeat themselves in crypto. I think we need to build with more mindful understanding of the incentive structures we propagate with our participation, focusing more on the computer (long term) than the casino (short term).
2 replies
1 recast
0 reaction
g-mac 🔵 🎩🍖🍓
@g-mac.eth
Awesome read mate, you write beautifully no surprise. Agree that crypto has a terrible public image, spose the nature of decentralization is that you lack that accountability on any one body to enforce proper ethics. Therein lies the problem, freedom to change the financial world is freedom to destroy it. That's the most non fiction I have read in a long time, credit to you. One question for you, of the 18-20 books you've read on crypto so far, which 3 would you recommend to a newbie with less than a year in crypto. Would Chris' book make the cut?
1 reply
0 recast
0 reaction
Papajams
@papa
Very much enjoyed this thanks for writing / sharing 100 $degen 60 $hunt 10 $00 🍖 x 10 10 $nogs 10 $build 5 $fomo 5 🎭 10 $WILD @tipothehat 🔥🚀🎩
3 replies
0 recast
0 reaction
