Rolf Hoefer

@rolfhoefer

167 Following

638 Followers

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It's a picture of a wall in Sinsa, Gangnam, Seoul:)

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curious: why would you do that?

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Love these trivia, thanks for sharing!

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That's an interesting observation. Crypto also has a strong individualistic camp. Their view is that individuals, and the individuals, matter over the collective. Arguments by that camp are often reductionist, failing to adequately account for emergent properties. The Sovereign Individual, a fascinating book, is an example, and remains frequently cited as a foundational piece by this camp. How crypto, unlike AI, camps focus more on relational aspects in the social sense is intriguing--you got me mulling over it now, thanks!

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Always a pain and a little nerve-wracking. Hope it all went well!

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You are in for years of delight with Hugo award books! "If Hugos be the food of love, read on, give me excess of it"!

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It would be fantastic if you could share one concrete example so we can sample this book's ingenuity 🎁

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What's an interesting argument form the book that went against people's usual assumption ground?

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Off the top of my head, taking the example of moving a hundred US dollar bill from someone's physical wallet to 100USDC onchain: . Where does one even go to exchange 100USD into 100USDC? CEX's like Coinbase are not an onchain destination; moving 100USD to 100USDC on Coinbase, rather than onchain, is basically tradfi. . What is the cost of "moving" my 100 dollars onchain (tx costs)? Most fees are variable, unpredictable, unclear, and constantly changing. 10x less true in tradfi. . How does one select on which chain one wants to receive the 100USDC, coming from fiat? Why are tx fees not actually paid in USDC as per onchain tx records? . Where exactly "is" my 100USDC? Unlike 100USD in my physical wallet, 100USDC is not in my digital wallet but on a "blockchain"? . Where do I store this new thing called a seed? Or how and why do I need to select/trust others to "recover" my money, and do they need to be crypto-savvy? All non-jurisdictional UX issues; no legal, KYC, accounting, or tax concerns above, for ex.

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On my list! There are very few, less than a dozen I think, books that won both Nebula and Hugo awards, and this one is the latest one. if you haven't already, check out Ancillary Justice by Ann Leckie. She wrote two more books after it. Covers trending topics today, like AI, in interesting ways.

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Yeah definitely a factor, though UX seems a bigger one to me: there are likely more people failing to get onchain when trying than people being able to get onchain but hampered in doing so because of a jurisdictional-specific blocker.

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Disputes are hard to do onchain, plus all onchain transactions are still embedded within a wider context (e.g. legal context). That being said, the original motivation that launched the movement, stated irreversibility of transactions was the point. This is not to say that all transactions on the web need to be, or should be, irreversible, but many may benefit from it. I think this is literally how Satoshi's whitepaper stated out, digging it out right now: "Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions..."

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to me, Web3 offers assurances and guarantees that are already with trillions of dollars, today. Is it evolving or transitioning? Continuously yes! My view is that the lack of support and irreversibility are features, not bugs, by design. Note that neither of these--lack of support and irreversibility--are perfect either, from Github repos and Discord servers providing support on various issues for blockchain XYZ, and irreversibility being imperfect with various chain reorgs (e.g. Bitcoin/BTC) and forks (e.g. Ethereum/ETH, post The DAO hack).

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Hmm, that's controversial on multiple accounts. Right off the bat: 1. Blockchains aren't necessarily payment processors, and many aren't primarily payment processors as well. Bitcoin (the one supporting BTC transfers) is one example: it isn't optimized for payments. 2. Most tokens are not exclusively payment mechanisms. Tokens may be securities, payment mechanisms, gateways to services, etc. 3. Web3 isn't defined by wallet extensions or websites as much as by the (onchain) contracts that it uses. Unclear how Web2 payment providers require more trust than Web3 payment providers given that Web2 systems are more closed than Web3 payment providers.

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base is base, ethereum is ethereum 👀

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Need more of this 💜

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What exactly needs cultural restoration?

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My instinctive response is that multichain stuff isn't the worst part, but getting onchain, and even going offchain, is the worst part. The 0 to 1 is the worst, even worse than the 1 to N.

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+1, and the variety of it, across seasons, weathers, lights--stunning!

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