Burak Arikan

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Burak Arikan

Burak Arikan

@arikan

Machine readable artist. Founder @graphcommons Fellow @Ashoka

New York Katılım Mart 2007
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Burak Arikan
Burak Arikan@arikan·
New article: Mediums of Money Across the Spectrum of Trust Special thanks to @hxrts and @buchmanster for feedback and review.🙏🏼
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Burak Arikan
Burak Arikan@arikan·
Overdue invoices trigger cascading liquidity crunches across obligation networks, like phantom traffic jams without accidents or bottlenecks. Nothing is broken. Timing alone creates the shock. Clearing dissolves the jam by netting obligations across the payment graph before they propagate. @cyclesmoney is building this at internet scale.
Cycles@cyclesmoney

x.com/i/article/2021…

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Burak Arikan
Burak Arikan@arikan·
burak-arikan.com Moved off WordPress. Custom built with Astro & TypeScript. Blog posts live at the same URLs, now also as md.
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Burak Arikan
Burak Arikan@arikan·
Over the summer I quietly rebuilt my site. Each artwork page is markdown-copyable. You can chat with the works using LLMs of your choice.
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Burak Arikan
Burak Arikan@arikan·
Fixed-rate/fixed-term debt dominates credit markets for good reason: ~30% productive borrowers need cost certainty to match variable production revenues/timelines. ~70% refinancing borrowers want to lock in low long-term costs & extend maturities. To serve them, DeFi lending needs not just global orderbooks, but also bootstrapped liquidity and paths to onchain credit scores.
Prince@0xPrince

x.com/i/article/2000…

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Isaac Saul
Isaac Saul@Ike_Saul·
Nonsense. 1. NYC doesn't have voter ID laws 2. In New York, the state, multiple parties can endorse the same candidate, so some can appear multiple times. Sliwa, the Republican, is also listed twice! 3. Eric Adams is on the ballot because he dropped out too late 4. Cuomo lost the primary, and ran as an indy, and ballots list major party candidates first Maybe you don't like the rules. Fine. But posting this stuff on X with zero context makes people think there is fraud or cheating. These are just the rules being applied to candidates evenly.
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Burak Arikan
Burak Arikan@arikan·
Putting GDP onchain sounds innovative, until you realize the oracle is just one source: the government. The real leap is verifiable state data, where every expense, revenue, decision, and license is onchain (CA DMV car titles on @avax was a start). Only then does GDP become trustless. @el33th4xor
matthew sigel, recovering CFA@matthew_sigel

🚨 US Commerce Department Begins Distributing GDP Data on Open-Source Blockchains Including Bitcoin, Ethereum & Solana. Initially targeting Nine Blockchains per Bloomberg Report

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Burak Arikan
Burak Arikan@arikan·
MV = PQ treats velocity as aggregate money flow, ignoring its network topology. Mapping the debt obligation graph and clearing debt cycles offers a new view of liquidity, where counting those clearings as repayment transactions raises measured velocity in QTM. @T_Fleischman @buchmanster
drumm colin (New Haven Mar 23-25)@drumm_colin

basically you can think about it like this: the QTM has a term called "V" that says "insert reality here." the GTM is a theory of what's inside V.

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Burak Arikan
Burak Arikan@arikan·
@informalinc @buchmanster @interchain_io Blockchains bring money’s function closer to coordination than ever. “Community computers” are something Hayek and Polanyi might have found fascinating enough to rethink their theories. x.com/buchmanster/st…
Ethan Buchman (🐝,🦇)@buchmanster

I don't know what a "true L1" is. I do believe that the core function and purpose of Bitcoin and Ethereum is to secure the fundamental human right to transact digitally. But I've also been telling you all for like 10 years now that: 1. blockchain tech is a fundamental upgrade to the technology stack (BFT + verifiability!) and saying its "just a database" is dishonest and counter-productive 2. blockchains ("community computers") will dominate multi-stakeholder applications (which will obviously include lots of applications that YOU are not a major stakeholder of, or disapprove the politics of) 3. Circle etc. are building computers for their communities. It's hilarious that people are running around saying these communities shouldn't have computers, or should use different computers, or are "just" databases. they're not. they're more like a new kind of digitally native incorporation 4. There is a real problem of interoperability, and its politics. Sovereignty is a thing and interoperability between sovereigns is the very foundation of international finance. The USD plays an extremely unique role here in shaping the monetary environment of community computers. 5. BTC & ETH matter. Both as foundational technologies of international human rights, and as breakout community computers of deep international repute that are here to stay. They will remain political communities, believe it or not, but their longevity will derive from their neutrality and conservativsm. 6. The killer app of blockchains is money. BTC and ETH are not really money, but they're sitting at the table with the other monies, pounding their fists about something. Nobody really has a clue what money is, so confusion abounds. If we want to get the monetary revolution right, we should probably think harder about what money is. 7. The least I can tell you is that money is where the payments are, and stablecoins will bring crypto closer to money than it's ever been. Circle and Tether are major players in the UST repo market, really the beating heart of the US monetary system. 8. If we don't want this movement to end with upgrading the software of banks, we have to take the functions of banking more seriously, which aren't just about transferring assets but more fundamentally about clearing debts. 9. @cyclesmoney

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Burak Arikan@arikan·
More projects are moving beyond the app-chain model, aiming to become the "everything chain" (Robinhood, Stripe, Circle), as @hxrts explains. But at scale, they risk trading decentralization / resilience for performance (via congestion fees) and may end up sharding their own functions. Strategically, they'd be better off building on interoperable chain platforms @cosmos IBC or @avax ICM. @Nutymoon @luigidemeo
Sam Hart@hxrts

Probably time to move past the app chain/general purpose dichotomy. Projects with sufficient leverage want to 1) own more of the value chain, 2) grow their addressable market. This drives *both* vertical integration of core business functions and expansion into other verticals.

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Burak Arikan
Burak Arikan@arikan·
The early web cracked that machinery, anyone could publish. But soon platforms recaptured attention. Filter bubbles, troll farms, and ad auctions turned behavior into a tradable asset. You can say anything, but it may never reach its audience. 2/3 x.com/ase/status/194…
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Burak Arikan
Burak Arikan@arikan·
Herman & Chomsky’s Manufacturing Consent (1988) showed how TV and newspapers filtered speech to align with the interests of media owners, advertisers, and the state. 1/3
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