18 Comments
founding

*Decentralized* social credit system. Otherwise some random government employee or a Mark Cuckerberg employee can set your score to whatever he wants.

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founding
Feb 22, 2022Liked by BowTied Bull

Fear over scammers in crypto space reminds me of the Uber joke:

1998: "Don't ride with strangers"

2008: "Don't meet strangers from the internet alone"

2018: "Solicit strangers on the internet to ride with in a car alone"

Overwhelming utility will normalize it

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founding
Feb 22, 2022Liked by BowTied Bull

I am Canadian and cannot wait to move to Degen Island. I feel sad about what happened and my only comfort is that I've been your reader since 2017 and started my service biz and recently ecom shop. I appreciate everything you and the Jungle does.

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2 22 22 2 2222

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Stack Monero

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While Ukraine happens, Taiwan might become the real conflict most ignore.

I haven't studied the supply chain behind Nvidia's, AMD and other GPU manufacturer's or how much asics rely on Taiwanese made chips, but an analysis breaking down potential scenarios where the CCP controls the supply would be interesting:

- How much growth of the Ethereum/Bitcoin network's hashrate could be affected?

- Which West based companies could step up manufacturing/realistic timeframes?

- Could public BTC mining companies set a consortium to speed up asic manufacturing migration?

Also, this is a great very short article on the importance of Taiwan: https://www.epsilontheory.com/taiwan-is-now-arrakis/

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Hilariously, that video has about 89 different exercises you are never supposed to do. If you posted each clip separate every twitter trainer will jump at the chance to say why you will ruin your knees/back/hips/risk injury.

That compilation may seriously be the most triggering clip ever to the fitness midwits.

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The eBay reputation system is a good example to think about when building a reputation online, since in order to truly maximize the potential of a crypto economy you'll eventually need a way to safely offer un-secured lines of credit to most people, as well as businesses (or DOAs, or whatever other groups/institutions emerge).

Agree that some kind of social credit score will emerge, based on transaction history, wallet age, etc, and a bunch of other things that people smarter than me will figure out.

Unsecured debt is the driving force behind so much of the economy right now and Defi will need to find a way to incorporate this in a way that's as easy as all the "Affirm" buttons you see on checkout pages more and more these days.

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The narrative is forcing adaption as opposed to it being what the masses could/should do. The mass adoption of digital currency is aligned with the use cases of cbdc's globally.

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A social credit system definitely sounds like natural progression of this space.

Now been thinking why this didn't strike me earlier

Guess thats why we sub

Grateful

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