JF 🐘

@sayestheorem @ArweaveEco @ardriveapp @ArweaveApp web wallet when uploading a folder. It's using the "File-Hash" tag with the corresponding sha256 as the value.

Is there an @ArweaveEco uploader with file deduplication yet? @ardriveapp?

@divine_economy Intrinsic worth for NFTs is as a transferrable right on the corresponding content. Current inability of all platforms to enforce anything might even be causing that 30 year transition toward requiring artists to monetize almost exclusively through physical merch and events.

why consumer crypto completely fucked up (a mini-essay): in retrospect, consumer crypto made a disasterous mistake in 2021: trying to oppose a 30-year trend towards democratizing free digital goods. after all, this *was* what the internet was always good for—making goods free and abundant. but in 2021, we decided crypto should make it the opposite. the clearest example of this, i think, is music NFTs. the past 30 years of the music industry moved definitively towards making music cheaper and events more expensive than ever. the digital goods (music) were democratized to the point of being nearly-free; the irl experiences (events) became the primary point of sale for artists. music NFTs, however, decided they could buck a 30 year trend—often with the very good intention of getting artists paid and democratizing ownership of catalogues themselves. but it was an uphill battle for a simple reason: there's no reason for people to buy music NFTs unless everyone else is buying music NFTs, at which point you find yourself in tulip mania. and this is especially true in the absence of enforceable royalties. if you want to hear music, you can do so for next-to-nothing online—including with music NFTs. and even if you want to hear a favorite experimental musician who depends on superfans to monetize, you can pay $20 on bandcamp. the music nft has no intrinsic worth except as a memecoin for an artist's career, and memecoins are far more accessible to fans to buy. memecoins, in some ways, represent more democratized NFTs that actually can enable anyone to speculate on a creator's career—in theory, anyway. regardless, this is a disaster for artists who have been continually undercut by internet democratization and struggled to find new ways to monetize—which is why i personally have hoped for years to see NFTs actually work. and why, frankly, i think was wrong. but there are still so many ways that crypto *can* support artists and simply has not done so. in music alone, the internet should have taught us that the financial opportunity is in events, not collectibles. @KYDLabs, for example, uses blockchain to disintermediate giant ticketing companies with their production fees to enable fans to get memberships to see artists. the artists and venues become their own ticketmaster, and get far better insight on their community by leveraging onchain data. this is a no-brainer, entirely in keeping *with* the trends of the internet to undercut middlemen by making experiences more accessible directly to users. similarly, @MintStarsReal is seeing explosive growth right now by building an onchain only fans that abstract away crypto completely from the end user—letting the unbanked get paid for providing experiences, not digital goods, to users. in retrospect, this begins to feel obvious because it's entirely in line with decades of internet history: people pay for online experiences, not online things, and the cost of media generally trends toward $0 as a near loss leader for theme parks, concerts, and sports events, as irl experiences become even more valuable. nevertheless, i think we can forgive ourselves for fucking up. the common thesis for why we thought digital scarcity would work is simply that it's inherent to crypto—that famous hard cap of 21M $BTC—though there's no reason it needs to be. stablecoins alone, after all, are designed to inflate with the economy. so the real reason we fucked up, i think, is simply because, well, the tech was only usable for whales. in an era of $100 gas fees, slow throughput, cumbersome UX, and crypto-natives pouring their recent fortunes back into the ecosystem, it made perfect sense that we could only find product market fit with luxury goods for crypto whales to celebrate their newfound status in the digital upper classes. but building for whales is not, it turns out, how the internet works. we should have known this from web2. what the internet is actually good for is enabling the masses to participate in culture—both in producing and financing it. the tech just wasn't ready for that. until now.

@DMacOnChain @josh_benaron @TateBerenbaum @crickhitchens @ZwigoZwitscher @bajpaiharsh244 @ArweaveEco @aoTheComputer @samecwilliams I was talking more in terms of data sampling, measuring propagation, etc. But good point, I also don't see either what the protocol itself would do with the reason that some data isn't there? Why does it care if I'm sacrifice mining on the monkey pictures I'm withholding?

@JF_Beats @josh_benaron @TateBerenbaum @crickhitchens @ZwigoZwitscher @bajpaiharsh244 @ArweaveEco @aoTheComputer @samecwilliams Please describe a way of inspecting the network for a transaction with missing data and trustlessly determining why it is missing. You say infinite ways, I know of none.

I think @ArweaveEco and @aoTheComputer is one of the coolest alt ecosystems that exists! + What I really love about @samecwilliams is the fact that he has been cooking in crypto for years, brick by brick for this to happen!

@DMacOnChain @josh_benaron @TateBerenbaum @crickhitchens @ZwigoZwitscher @bajpaiharsh244 @ArweaveEco @aoTheComputer @samecwilliams There's an infinite number of ways that you can validate. I don't see that as a flaw for not being part of the storage layer. I also don't see why incentives wouldn't be enough and how requiring the loss of money on individual failures in a replicated network would even help.

@JF_Beats @josh_benaron @TateBerenbaum @crickhitchens @ZwigoZwitscher @bajpaiharsh244 @ArweaveEco @aoTheComputer @samecwilliams When you check out the actual data available for each partition here: docs.arweave.org/developers/min… Where's the missing data? Is it sacrifice mining? Failed uploads? A breakdown in data replication? The fact that there’s no way to validate this shows a flaw in the protocol itself.

@DMacOnChain @josh_benaron @TateBerenbaum @crickhitchens @ZwigoZwitscher @bajpaiharsh244 @ArweaveEco @aoTheComputer @samecwilliams Yes really, the whole protocol is designed around setting an uniform minimal profitability throughout its dataset. Congestion handling is entirely configurable. As I said, selection by stake would introduce greater divergence over the actual desirability of individual elements.

@JF_Beats @josh_benaron @TateBerenbaum @crickhitchens @ZwigoZwitscher @bajpaiharsh244 @ArweaveEco @aoTheComputer @samecwilliams Not really, all it requires is some parts of the dataset being less desirable/profitable to store. This combined with congestion and miners joining and leaving the network could easily lead to uneven data distribution with less replicated data being lost.

@josh_benaron @TateBerenbaum @crickhitchens @ZwigoZwitscher @bajpaiharsh244 @ArweaveEco @aoTheComputer @samecwilliams Dropping existing data would require unilateral collusion to forgo reward and ignore specific positions in the dataset. TBH, it sounds to me like that would be more probable when participants are selected by their staked tokens instead of real world assets doing the actual work

@TateBerenbaum @crickhitchens @ZwigoZwitscher @bajpaiharsh244 @ArweaveEco @aoTheComputer @samecwilliams I did fwiw say it's an out of date list but could provide other examples. You didn't respond to the mechanistic point. From first-principles a pure PoW chain cannot achieve permanence. By not engaging your admitting defeat there.

@josh_benaron @bajpaiharsh244 @ArweaveEco @aoTheComputer @samecwilliams Rollups are all about ways to merge state restrictions back into a bandwidth limited layer, while AO has all its interactions committed in full.

@bajpaiharsh244 @ArweaveEco @aoTheComputer @samecwilliams I too love re inventing a worse rollup.

@internetarchive If your whole service is built on a single machine, I feel like this is bound to be a common occurrence.

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@JonnyRingo711 I severely underestimated the technical scope of her podcast

Trying to make a shovel pound in a nail works but it just isn't what it's for. Use #Bitcoin as a store of value. Use #Arweave for data storage. It's better this way.

@josh_benaron @GrindingPoet @0xemon @coinbase how is this even possible

@GrindingPoet @0xemon @coinbase I've had worse, brother.

Dude @coinbase worse than banks lol. Blocked me from withdrawing. Verified my identity. Made me wait 24 hours to withdraw. Now asking me for identity again.

@josh_benaron @coinbase The KYC regulations are getting out of control

@elonmusk @davidgokhshtein Election interference worked out pretty well for twitter

@davidgokhshtein They’re getting themselves into a lot of trouble if they interfere with the election

Wow, Google has a search ban on President Donald Trump! Election interference?

@sebp888 Access to the full history is needed in order to resolve the current blockchain state. Unlimited growth would require extending the economic model to include long term data storage. Otherwise, the cost of verification ends up becoming a limit to participation.

Why does #Bitcoin have to be limited to 7 transactions per second?

@permaweave @RyanSAdams Are those "quality centralized financial services" in the room with us right now?

@RyanSAdams Nobody with access to quality centralized financial services wants to be bankless. Do you realize how problematic being bankless is? You mishandle your private keys or fall victim to a hack and it's over. Trusted intermediaries will custody the vast majority of crypto wealth.

"Crypto doesn't have users" is wrong. Crypto has users. Over 560 million people worldwide now own crypto. "But owning crypto doesn't count" - also wrong. Owning crypto is using crypto. Own is the verb crypto added to the internet - own is literally the point. "So you're saying we're done here?" No. Not at all - we're maybe 5% done. Own is just the top of the funnel for using crypto - it's barely using it. Own enables deeper verbs like Pay, Lend, Borrow, Mint. Own starts with few assets and expands to all the world's assets. Our massive unfinished work in crypto is to bring users down the funnel. From owning in an ETF to owning onchain. From 1% of their net worth in crypto to 90%. From bank account to crypto wallets. Everyone onchain. Everyone bankless. We have crypto users. Next we need to convert them to crypto natives. This is our next challenge.

@djwhitt Got to tell the little humans that the arcade is only programmed to give like 30% of their money back. However, by gambling in altcoins instead, the upside can be infinite

Teaching the kids about gambling addiction because the arcade at the water park is that exploitative. 🙄

@JuanCai62354071 @aoLightBringer @rnjskywalker @lastmjs This is correct and also an impressive understanding of one underrated aspect of the mechanism: The permanent decentralized data storage layer does make it quite trivial for random engineers to build world computers.

@aoLightBringer @rnjskywalker @lastmjs AO approach is the easiest way to launch a “world computer” product, it’s exactly what I would expect if I hired some random engineers and gave them the instructio to build a “world computer machine” put the results on a “permanent” decentralized data storage like arweave

Follow this thread that @lastmjs has opened, he looks very interested in this topic. I don’t know why AO founder keep claiming they have “on chain” computation when clearly they don’t forum.dfinity.org/t/lets-review-…

@pttrn_ntgrty haltcoin investing

GME down 15% in a matter of minutes: NO HALTS

@djwhitt Are we not a trillion dollar cluster already?

I want us to build the trillion dollar cluster because ... TRILLION DOLLAR CLUSTER. How can you not want to see that?!?

@VitalikButerin @ArthurB Indeed why L2s are obviously better qualified as multisigs + copilot

@ArthurB No multisig can achieve the property "you need 75% dishonest to steal the money, and you need 75% dishonest to freeze the money". A multisig can only achieve (p, 100% -p)

Welcome @optimism to the club of stage 1+ L2s! (meaning, L2s where the proof systems actually have teeth) I'm looking forward to seeing many more L2s join this club soon, especially some ZK ones.

@maikaisogawa This is exactly why this reply is effectively invisible to anyone lacking the proper knowledge of all backend server technology being used by the xwitter platform

"you won't even know its crypto" THEN WHAT IS THE POINT OF BUILDING IT ON CRYPTO