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Trigs pfp
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This reminds me of the story of Bertha Benz. She and her husband, Karl, invented the Benz automobile. She is known as "the woman who taught us to drive". She made the first long distance automobile journey, driving her son's from Mannheim to Pforzheim, Germany and back in 1888 (without her husband's knowledge, as he sat hand-wringing in the shop, obsessing over the design). She proved what the automobile was capable of! She also learned some things that led her to inventing a few things (several of which along the way!) 1. A network of fuel stations 2. Replaceable Brake lining 3. Lower gear ratios for hills She made so many insights by just using the thing and realizing what people would need to make it work as a part of their lives. We have to be constantly pushing ourselves to be like Bertha and learn to prioritize studying actual use cases and defining our requirements to meet user needs. Otherwise the users will make compromises they don't understand the consequences of, and that's on us!
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Found this interesting suggestion of how to build DIDs architecture. This is a scheme from an article called "A trustworthy architecture for Web3 service" written by Yuki Yasuno, Ryo Tateishi, Ranmaru Shiroishi and Shigeru Hosono, 2024. They are solving the following issues: 1) saving users from the decision taking on what web3 services to uses and by doing it eliminating the security issues 2) keeping all personal data on the user side and by doing that removing risk of losing personal data which is held by centralized providers. Their idea is to have this brokerage system, where credentials (DID) of a user is confirmed by broker and then the service provided is chosen by that from a list of available web3 service providers. Looking at this I still have one question tho... Isn't that brokerage part not centralized too? 🤔
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Very well articulated criticism of why meme coins are not an "investment vehicle" to support early dev projects. You have to look at the power dynamics to fully grok it: - platform is collecting most of the trading fees - asymmetric information benefits extractive trading - "investors" have zero rights, guarantees, or protections - projects that are better at stimulating drama that causes trading generate more revenue than projects that just focus on heads down grinding - zero revenue potential for the meme tokenomics means inevitably no return on investment unless you do extractive trading - the more committed you are to helping the project the more likely you are to end up dumped on in the end The system is designed to make sure the system profits. Just like any good casino, the house always wins.
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