crypto

Went back to the archives for @naval and @balajis.eth content

https://open.spotify.com/episode/4aRy1kFoTnan8kTx9BohoN?si=i5zdpMb_SMa8FkzZe4xVjg

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Notes for those interested ⬇️

Blockchains: bring market-based network mechanism into digital systems

But paying with resources (compute, solar power, internet or cellular bandwidth, etc.)

System for making leaderless (and transparent & decentralized) networks
Starting with money, but other resource networks as well

And things like contracts, video game potions, etc. (coordination)

Byzantine Generals’ problem: how to have a network without a ruler in the center

Internet: digitized books and movies and music and information
Blockchain: digitize value and ownership and contracts and coordination

Ethereum: trustless computing

Both history of money & history of internet are useful
Digitized information -> digitized scarcity
Medium exchange has stronger network effects than store of value

Good for mega tiny and mega large transactions

building a crypto hedge fund | /comma, comma.org/, & /ic | in pursuit of more aliveness | prev: founding team @ Tally Health, investor @ L Catterton

digital assets bring a new level of innovation to traditional finance. 💻