COINBASE for Crypto has come

Clinamenic

Clinamenic

Binary & Tweed
Yeah on the face if it, I'm not sure if the motivation was to manipulate the value of the assets, or to wash a bunch of money.
 
Clinamenic

Clinamenic

Binary & Tweed
wektor said:
not sure if this was posted here before but seems like an interesting take
jacob.energy

Hyperstructures

Defining a new type of infrastructure that's native to web3.
jacob.energy
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Some great stuff in this post, along the lines of why I believe blockchain will continue to radically change much of how we think of value and IT utility.

Traditional infrastructure like power grids and social media platforms require a trusted intermediary to maintain and operate it—without it the infrastructure will degrade and/or stop operating altogether. These operators are organizations, either privately owned or state controlled—and require both profits, labor and/or subsidies to serve their purpose over time.

By nature of running on a blockchain, Hyperstructures can run forever with no ability to stop them. They can continuously function without a maintainer or operator, and they can run for as long as the underlying blockchain is running—which can be at the very least a decade. Hyperstructures are unstoppable, and this is a superpower that we have no good prior example of. You can have a one-time creation cost, and then once deployed it will run exactly as designed and without degredation. There is no further labor or capital required to sustain the Hyperstructure. If the core team or platform built on top of the hyperstructure were to disappear, it would still run exactly as designed and be fully operational for decades. Unstoppability is a net new capability that is possible because of blockchains, and is a capability that I believe changes the economic nature of infrastructure.

If we were to zoom out one level of abstraction we could call the blockchain the trusted trustless (yes you read that right) operator of the Hyperstructure.
 
Clinamenic

Clinamenic

Binary & Tweed
Leo said:
I don't think Melania needs to launder cash.
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I was under the impression they (the Trumps) do have needs for all this stuff, what with the precedent of different family members engaging in business with one another under the auspices of different firms.
 
Clinamenic

Clinamenic

Binary & Tweed
And if Melania could have paid for her own NFT, and nobody notice, that could have conceivably been an opportunity to declare a bunch of money as such a form of income.
 
Clinamenic

Clinamenic

Binary & Tweed
But this is exactly the thing that investigative on-chain analytics is all about, i.e. forensic accounting on blockchain.
 
Clinamenic

Clinamenic

Binary & Tweed
Anyone with internet access can go about such investigations. The transactions involved in these activities are all publicly visible, which is at once a feature the importance of which cannot be overstated, as well as a feature that most people seem to have a very difficult time comprehending.
 
Clinamenic

Clinamenic

Binary & Tweed
version said:
covidianaesthetics.substack.com

Modern/Romance [Spike Art Magazine]

Dopamine is the new heroin(e)
covidianaesthetics.substack.com covidianaesthetics.substack.com
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The metaverse would thus be a) a symbolic base-layer and archetypal repository, and b) an expanding, co-created psychocultural Gestalt of shared representations “not necessarily inherited” or held identically by each individual.

[...]

Neither the metaverse nor the unconscious were discovered, and it is irrelevant to think of either in terms of existence. Each was invented to beget new possibility-spaces for symbolic capacity. There is a reason why what started as money is now manifesting as art.

[...]

Smart contracts should soon be as ubiquitous as smartphones.
Click to expand...
 
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