@MattWalshInBos Imagining the marketing emails I receive after buying anything from a new online store
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Wesley Aster
80 posts
@MattWalshInBos Really enjoyed the podcast!
Couple of questions about your example of NFTs as "living receipts":
(1) How would this be different than a brand tracking customers via an online store?
(2) Could this brand engagement via NFTs turn into a web3 version of email spam?
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"BlockFi's staff count will be significantly reduced if the @FTX_Official deal goes through [...] as many as 80% of the team could be let go"
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"the credit deal gave FTX an option on 50% of @BlockFi equity. The remainder would be purchased for $25 million"
theblock.co/post/154929/ft…
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@spencernoon @solana How do you get comfortable with the current downtime issues? I feel like there's a lot of noise around this topic and its hard to assess how big the challenges are esp. without a deep technical background.
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It feels to me like $SOL is going thru a similar trough of disillusionment as $ETH did back in 2018. In bear markets prices aren't just reflexive—sentiment is too. @solana has a vibrant developer ecosystem and its downtime issues are solvable. This will be obvious in retrospect.
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This is spot on, especially for developing markets. Brazil for example has some of the highest internet usage in the world, and the majority (58%) of their connected population accesses the web exclusively through their phones.
@AtlanticoPart
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Wesley Aster retweetledi
PFP NFTs might go down as the “Ringtones” of Web 3.
Mainstream adoption, huge revenue, IP and copyright issues, personalization as utility, vast majority of businesses went to 0.
Paved a lot of the way for Western mobile commerce.
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Wesley Aster retweetledi
@APompliano @fountain_app How does Fountain ensure the user engagement is real? Imagining an army of bots liking / commenting / listening to podcasts
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[New Post] Listen-to-Earn & Bitcoin
I am announcing a new investment in @fountain_app.
They are pioneering a new category called "Listen-to-Earn," which allows you to get paid for listening to podcasts.
No altcoins. No nonsense. Innovation done right.
pomp.substack.com/p/listen-to-ea…
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One example of this concept is the insight that there are no exponential curves in nature (because they all turn to S curves over a sufficiently long period of time)
@NickSzabo4
unenumerated.blogspot.com/2011/01/singul…
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Great thread. The first part on entropy reminds me of a @naval philosophical posts about epistemology - if you have a profound understanding of fundamental concepts, you're better equipped to detect the underlying drivers of any subject, incl. those w/many layers of complexity
Doomberg@DoombergT
1/ Since disorder is spontaneous, the human endeavor is a constant, unrelenting struggle against the forces of entropy. We are a highly ordered species – a true miracle of the universe. Beating back entropy requires energy. Ergo, energy is life.
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Wesley Aster retweetledi
A reminder that Cash is up 22% on the year vs financial assets, and, of course, 135% vs bitcoin.
Nassim Nicholas Taleb@nntaleb
COUNTERINTUITIVE FINANCE What's the best (short term) inflation hedge? Cash! The great fallacy is that assets are great inflation hedges. They initially collapse when rates go up. Fighting inflation is the pbm. Cash allows one to accumulate assets *after* they collapse.
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Wesley Aster retweetledi
One thing most people don't fully grasp: it takes years, often decades, to go from a new infrastructure-level technology breakthrough (like crypto) to a vibrant ecosystem of mainstream applications.
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So perhaps the current bear market could set the stage for rapid institutional adoption of crypto, which could provide the foundational deep liquidity that will allow crypto to flourish.
Exciting stuff!!!!
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@RyanSAdams from @bankless wrote a great article in Jan about how important liquidity is for unlocking the potential of crypto, in the same way increasing bandwidth was the transformative foundation that grew the internet from web pages to Netflix
newsletter.banklesshq.com/p/liquidity-is…
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It’s interesting to look at areas within crypto where development is still moving forward despite the bear market we’re currently in
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