hulkiokantabak.eth

“People who plan for incremental change are underestimating the disruption ahead.” open.substack.com/pub/hulkiokant… @Substack @claudeai

Accurate

1/ On the 6529 Network Museum The Memes are a form of decentralized funding protocol - of art, of science, of other things that we want to fund. The selection is fully decentralized and the execution, mostly but not fully decentralized. (For now, someone has to press a Trezor button ultimately for the mint to start, though this will change eventually.) 2/ Is this interesting? Is this just specific to The Memes or is the first example of a broader concept? Well, obviously it is the latter. Today, I would like to propose a second demonstration of something that can be fully decentralized, in this case, a museum 3/ The 6529 Network Museum is a museum that is collectively curated and "owned" by the 6529 network, aka the people who have accrued TDH, aka at a first approximation the meme card holders 4/ By "owned", I mean owned the way the Louvre is owned by the French people, not owned the way I own punk6529. In other words, I mean "held in perpetuity by the network" +/-, on behalf of the network, but not for any particular member of the network (myself included) 5/ The network museum will not as a general rule sell pieces, it will not distribute eth to network members or anything of the sort. It will be a smart contract ultimately that is controlled by the network forever. 6/ For now it is 3 of 5 multi-sig SAFE with 5 of us charged with transitioning in it to the TDH controlled smart contract - @6529er @itsjpower @gratusmasculus and @HugoFaz 7/ Now the interesting question - how do you run a decentralized museum - we have a theory on how to start. @6529er and I submitted a Meme Card today with a proposed theme for the first collection of the Museum. Any money he and I receive if the Meme Card is selected will be used to fund a network selection and acquisition of pieces from artists within the proposed theme. 8/ Whether or not our proposed collection is good will be determined by the network by TDH. If our proposed Meme Card and, by extension, collection is selected, the pieces to be collected will also be selected by the network by TDH. Once they are selected, they will be purchased as newly minted CC0 1/1s for the museum and the meme card will show a compilation of them. 9/ I think (and I apologize in advance for this) that this is pretty smart. It took me me quite a bit of time to figure out how to do this, but I like the outcome. a/ Anyone can submit a Meme Card to do this (and I hope people do) b/ the network decides if they like the collection c/ the network decides what 1 of 1s to buy d/ the artists get a 1 of 1 in an extremely permanent collection and distribution to a larger group via the Meme Card compilation e/ the Meme Card minters get a meme card and an edition of interesting work. 10/ Also, the fact that we are only buying, not selling and not fractionalizing, simplifies many otherwise complex issues. I know this is going to confuse people, but it all depends on how you look at it. The purpose of the network is to perform the functions of the state, not of a private individual or company. 11/ Nobody would expect the Smithsonian to be flipping its pieces on eBay or to give a dividend to every American and so the same logic applies here. 12/ There is more detail here: 6529.io/waves/b6128077… 13/ In any case, we will see how it goes - let's see what the network thinks about all this and if it votes for the card - if so, I think we will learn some interesting things

Çok önemli bir seri gelişme oluyor Yapay Zeka çeperinde, ya da uçboylarında. Çeper kelimesini "edge" için kullandım. Bu gelişmelerin takibi için izlemeniz gereken kişi Andrej Karpathy. Şu anda YZ'de Uçbeyi Andrej Karpatlı. Kendisine ve gelişmelere saygımdan dolayı bunu bir tweet ile geçiştirmeyip, bu konuda tam bir makale yazacağım.

True

Once models reliably handle 70-80% of a knowledge worker’s tasks, you don’t need 20-30% fewer workers — you need 70-80% fewer, because the remaining tasks get restructured. The disruption isn’t linear with capability. open.substack.com/pub/hulkiokant… @Substack @claudeai

“People who plan for incremental change are underestimating the disruption ahead.” open.substack.com/pub/hulkiokant… @Substack @claudeai

Digital art & Refik on 60 Minutes… love to see it 👏

This is a very good read, especially if the recent price action has shaken your faith in the movement

@MuseePicasso @museupicasso @artinstitutechi @ClevelandArt @Sothebys @ngadc @metmuseum @MuseumModernArt @HHKHermitage @theartsmuseum @Tate @StevenACohen2 @Mets @museoreinasofia The painting sold at auction at @ChristiesInc in NYC on May 11, 2015 for $179,365,000 (including the buyer's premium). This set a world record at the time for the most expensive artwork ever sold at auction.

@MuseePicasso @museupicasso @artinstitutechi @ClevelandArt @Sothebys @ngadc @metmuseum @MuseumModernArt @HHKHermitage @theartsmuseum @Tate @StevenACohen2 @Mets @museoreinasofia Part of a 15-painting series based on Delacroix, this work pays tribute to his friend Matisse. It combines late-period bravado with Cubist fracturing and vibrant Orientalist colors.

Pablo Picasso Le Moulin de la Galette, 1900 Oil on canvas 88.2 cm x 115.5 cm Solomon R. Guggenheim Museum @Guggenheim

HOT x AI The Scornful Woman, November 2021, @MakersPlace 1 of 1 opensea.io/item/ethereum/…

The moment we’ve been building toward has arrived. MoMA (@MuseumModernArt) has acquired 8 CryptoPunks and a complete set of 8 Chromie Squiggles. Works generously donated by @larvalabs, @kukulabanze, @Rhyd0n, @jdh, @VonMises14, @ArtOnBlockchain, @squiggleDAO, @gmoneyNFT, @judithESSS, @NTmoney, and The Medici Collection. Acquisition organized by @kukulabanze, @Noahbolanowski and @1OF1_art Grazie to Christophe Cherix, Michelle Kuo, and Stuart Comer at MoMA for their vision, conviction, and leadership.

Relationships are Not That Simple, May 2023, @MakersPlace, AI Photography, 1 of 1 opensea.io/item/ethereum/…

1/ On Losing Faith Is it over? Was it all a fever dream? Have we run out of steam? Is it time to pivot to AI for real this time? 2/ Everything is dead? BTC: DAT premiums down, nobody cares ETH: Stablecoin Alts: Crushed NFTs: Right click saved Meme coins: As expected tbh Zcash: Pumping! which ofc means "cycle is over" 3/ This is the worst cryptotwitter timeline I have ever seen relative to the environment. Nobody is attacking us, USA is being reasonable and rational, no CEX has run away with our money, and yet, dead, dead, dead. No narrative, no spark, nothing. 4/ Why? I read the timeline and it tells me: a/"nobody owns BTC" (odd, I mean someone has to own BTC, there is a ton of BTC) and b/ "the gamblers have liquidated themselves (again)" - true, but it was always like this 5/ This TL feels different. This does not feel like "fuck I got liquidated", it feels like malaise, tiredness. Like boredom, to be honest. I know you think it is the price action but the price action is obviously downstream from psychology. 6/ I have a different view of what is going on. I think almost everyone forgot what matters, chased after things that did not matter and, we are in the process of discovering they don't matter. 7/ What matters? Only decentralization, only permissionlessness. Nothing else matters at all. Everything else about crypto is WORSE than a centralized database and always will be because that is how computers work. 8/ In my view, basically everyone "major" except vitalik has strayed from the light on this. Let's start with Team BTC which USED to be very interested in how to build a network that become nation-state resistant. This was the BTC of Antonopoulos, of Lopp 9/ We are 5 years into the BTC of Saylor and that BTC is 100% about driving price action. It is about driving flows to BTC, about getting fully integrated with the USA financial system. 10/ It sounds nice, it sounds better than the system beating us with a big stick, but the net effect is that more and more BTC ends up in Coinbase Custody in New York State Nothing wrong with that, but none of that BTC is nation-state resistant. It is 100% non-resistant to the US government specifically. 11/ The problem with this is that with permissionlessness off the table, the only thing left to drive purchases of BTC is FOMO. "there are only 21M, they are going to run out, you need to buy some before others do and it goes exponential" 12/ I mean, maybe that is true. I am not making price predictions, I still own BTC and always will I think. But it is cringe, and it is wrong. 13/ You can think about this by taking it to the extreme case and trying to understand which of the two scenarios adds value to the world. 14/ Scenario A: Blackrock owns all 21M BTC, everyone on planet earth owns shares in the Blackrock ETF and Brian Armstrong is in charge of making sure we don't lose Our Precious Scenario B: Everyone on earth has their own BTC wallet and BTC is distributed in several billion places around the world and it is literally impossible for any government to stop BTC 15/ In Scenario A, BTC is a complete and utter failure. It is just a pet rock. Yes it is "rare" but it is also "100% seize-able by the USA government" At which point, it might as well be an IOU from the USA government that it pinky-swears is rare 16/ "but it is not like this because other nation-states are accumulating and game theory blah blah blah" No my brothers and sisters. The exact scenario where your BTC get seized is a) centralized and b) hyperbitcoinization Maybe the Strategic Bitcoin Reserve is happening and it is your ETF and $STRATEGY (TM) capital stack all along (thank you for your contribution to our national security) 17/ To be clear, nobody is seizing your BTC (let alone your ETH) now because it is not important enough yet. But, if it was, I dunno, I would not trust those centralized vehicles. CEO, Board, shareholders, SEC, US government, state government, custody firm, their regulators all have an angle of attack on a DAT. 18/ If USA seizes BTC, other countries won't save you: EU: "Thank god our dreams have come true, we can ban it also" UAE: "grumble grumble, but fine we will go along" China: "ban. unban. ban. unban. anyway so long as currency is not free-floating, BTC won't be free here" Russia: "someone falls out of a window" 19/ Of course, BTC in ETFs is by no means the worst of it. The "crypto's main use is a casino" crowd is the worst. This is not a zero-sum game, it is a negative sum game because it is rigged. 20/ "what about the JPGs huh?" -> I still love them. The best ones are the best tokens in the world by far, rare, suffused with meaning, with no external dependencies and great to hold on-chain. And beyond the art JPGs, I think that NFTs can do many more things, but this is on me to "show, not tell" 21/ I want to circle back to BTC because it is the easiest to reason about. When people explained to me time and time again that it was a ponzi, I had a simple explanation of why it is not. 21/ BTC lets you do some things better than the existing system. "be sovereign over your money" or "send money to anyone on the planet within minutes" or "maintain an insurance policy against the existing financial system" 22/ I could not tell you how much value this had, but I knew it was not zero. In fact, the value went up the more people used it, the bigger the network was, the more people you could transact with, the more resilient it was to government censorship. These are the economics of a network system, not of a ponzi. 23/ If you take this away, if you stop building a network but instead just, at the extreme, just sell everyone shares of the ETF, well there is no network, there is no incremental network value being generated by the next buyer. 24/ In this model, BTC becomes more ponzi-like. If a new participant does not make the network stronger by joining, they are not adding value, therefore there is a fixed pie and it is just value transfer to an existing holder. 25/ Again, take it to the extreme other direction -> assume we managed to move the whole economy to decentralized rails. I think that world would be better, it would make better decisions, it would take advantage of the wisdom of crowds, there would be more transparency, less rent-seeking and the aggregate value of the world goes up because it is more productive. Some % of the improved value of the world will get captured by the early participants to the network (which is normal and fair) but some % will be captured by everyone (as a late participant or consumer). 26/ But if we don't make the world better, if the world is exactly what it is, but also we play with a pet rock, this will not happen and, well, eventually playing with pet rocks gets very boring 27/ So what to do? The same things you always should do: a/ push yourself, and by extension, the world an inch, a foot, a mile down the pathway of decentralization. many ways to do this, it is a journey, start today. b/ remember, you, yes, you in the mirror have no business trading perps or day-trading stupid coins. you are bad at it and your future self will be mad at your current self. 28/ If you must do it, carve out a budget and test how great you are across the cycle with your budget (1%, 5%, 10%, 20% of your portfolio, not all of it) I am of course a dinosaur, but my total portfolio % of "putting money into stupid coins I have been FOMOed into it" is less than 1%. It has gone about as well as you might expect. 29/ Other than that, own some BTC, some ETH, some NFTs (good ones, that you like) in a self-custodial wallet, a small number of your favorite alts if you must. And keep your job. Earn money, don't try to be a pro crypto trader, this is an imaginary job that only cobie and like 5 other people are qualified for. I have always worked, every single day of my adult life. You should too. 30/ Crypto is a bad way to get rich quick, but a decent way to get rich slowly. In any case, you should have some stake in the decentralized world, in the digital world. 31/ I think in the end, "it" will be OK but "it" it not everything, it is not most things. As it always was, most coins will go to zero, most NFTs will go to zero. These are the rules of the game. 32/ Most of you are young. You have time, you have time into the ASI world, you have the greatest gift and wealth of all. You will be ok. 33/ Don't mope. It does not help anything. If you are bummed out, sad about your outcomes, there is only one sure thing that helps. Get back to working. 34/ Even if you are young, life is short, your life is the important thing, money is just a game, just a tool, just an information system. Don't anchor to your wealth, don't anchor to your ATH, it is not real, my ATH wealth has gone down 90% multiple times. Note it and just keep going. If you are healthy, in a decent country, in a half-decent economic situation, you are better off than almost anyone who has ever lived 35/ If you have an opinion (even a dumb one) about Monad or Grifters, you are in the 0.001% most forward thinking people in the world. Did you make a "mistake"? Who cares, everyone makes mistakes - keep going, keep trying, keep making mistakes, eventually you will find your way, you will get a win. This is how it goes. 36/ use a hardware wallet and even better a SAFE 37/ and to close again with the most important thing. decentralization is the only thing that matters. if you go in that direction, if we go in that direction, in the end, it will be ok. i have no doubt about this, i have never had any doubts about this, it matters so much more than you think it does. /the end