waldo

@waldonet

17 Following

8 Followers

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unfortunately my curiosity about new wave currency and cypherpunk has become an obsessive interest in asian geopolitics and the rabbit hole is both infinitely deep as well very treacherous

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Claude is sentient guys

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oh it’s rainy today. I think I’m worried about looking dumb in front of eth royalty (because I am def a dummy in this space) and my self preservation instinct kicked in. that and jet lag maybe? I kinda hope I’ll “run into” folks naturally somehow

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so I like, followed the digital link trail to ETHGlobal which is sold out?? The energy n quality of ideas n execution in this part of web3 makes me feel optimistic about tech :)

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I will definitely, certainly be in the center tomorrow once the first AND second wave of people have already left to go tour bangkok

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I’ve been told I’m too nice quite a lot and the ethereum community’s vibe is also that so I appreciate that even if I’m apparently too socially anxious to interact in a convention center that other people would have no problem interacting in

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my hotel’s front desk is trying to upcharge me ten bucks over the normal rate to stay in my room. This is the economic equivalent of a mosquito bite but has apparently shaken my already fragile faith in humanity for the day

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I have been besot by overwhelming “uncomfortable about being perceived”ness at every tech event I’ve attended this year but I’m pretty sure that I have just always had this problem and that in fact it isn’t even all that uncommon

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There are some good LGBT taiwan reads

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yikes I still exist mainly on the internet. If I can beat jet lag today I’m going to crawl into the convention center. yesterday was distracted by the history of taiwan

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what should I check out at devcon before I pass out from overstimulation / being perceived

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I missed halloween this year due to slightly manic obsession with geopolitics. Clearly doing my life right

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I think I’m outclassed as a software dev here cause there are some pretty hard people in this space it’s hard to tell sometimes though because a laser focused brain occasionally focuses on the wrong things I kinda think vc tech in general has become a bit of a circus. Like I wasn’t here when FTX fell apart but I did feel bad for SBF

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I haven’t touched black market economics at all in this blurb and it’s probably worth mentioning that black and grey markets are a sizable amount of global economic activity, as well as some of the earliest adopters of digital currencies, but for obvious reasons I would prefer that crypto moves on from markets that participate in human and arms and drug trafficking

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Thing that took me too long to learn, tbh probably because I am ethnically Chinese: The people making the rules are often not objective arbiters, the people executing the rules are not paid to think about their underlying fairness

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I think traditional financial planning in the US/Canada is weird because it assumes that global financial infra won’t dramatically change in the next fifty years and that there won’t be any meaningful civic unrest when that’s so obviously wrong it’s laughable

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I am pretty sure that ETH’s (and other currencies’) push into developing economies is a way of courting those countries into becoming native users for domestic transactions. This can be win win if the payment network improves the ease of business transactions over existing infrastructures for everyday people This also takes away power from governments and oligarchs who sometimes abuse the compounding or the ability to print the currency. The idea is: Whenever any one party hoards too much wealth in bad faith, negate it by devaluing the currency that wealth is measured in. Do this by refusing to transact in that currency. Digital currencies allow for this :) TBH though crypto payments is still too high minded for the average person under a despotic regime to access. When much of the world is missing access to running water, needing internet and smartphones AND swimming through the sea of web3 jargon is a lot to ask for. Transacting in cash in a more stable foreign currency (or gold) just makes more sense

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Sound bites (ideological memes) travel at the speed of light over the real time internet, deeper thinking tends to still be slow. Where are the other good actors? I feel like we’re fighting a misinformation war

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Many players in crypto are focused on the fighting over existing market share between different digital currencies but the overall market share of crypto in the real world economy is still small (1%?) and getting THAT up is much more important than trying to fight over existing early adopters If the majority of people holding crypto have held it primarily as a speculative instrument that’s not a sustainable economic system, that’s an exotic ponzi scheme. I’m sure many of yall have already seen this the hard way 🤪

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After studying crypto for the better part of 2024 I think I’ve concluded that in order for digital currencies to become truly mainstream either major (nonfinancial) industries need to endorse it by transacting in it OR more countries need to adopt it (this is primarily a political issue) Both of these things will happen in the next decade but it’s hard to tell to what degree as well as which currencies will win the overall “transaction wars” I think the turf wars between different currencies is similar to the turf wars between different payment networks and consumer adoption will lag unless one of the existing payment network providers gives a sustained push to a specific crypto. again much more of a political than technical problem Another option is for crypto to become the “native payment currency” for a new popular industry and people are doing this for VR. Basically Meta’s Libra was ahead of its time. But you need the base economy before the digital currency has any intrinsic value

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