You can't leave us hanging like that.
The basic idea behind BitClout is to create a token-based marketplace for shares in someone’s (or something’s) reputation and influence.
In a push to dominate global financial technology, the Chinese government is aiming to roll out the world's first state-backed digital currency.
Why it matters: China's new currency could set global standards for the use of national digital currencies — and give Beijing unprecedented visibility and control over domestic financial transactions.
I've enjoyed this today, an excellent episode from the Bankless guys - they discuss how this crypto revolution mirrors the renaissance of the Middle ages such that two technologies - double entry bookkeeping (distributed ledgers) and the printing press (wide-spread distribution of information) came together to eliminate the power structures that existed. They even discuss how memes and art were an important part of this shift.
The parallels with blockchain technology, the internet and NFTs are fascinating and demonstrates that we are in the middle of something that historians will look back on as a turning point in history as we go from centralised structures to decentralised organisations.
One of the throughlines is how it is not individuals that make history but communities.