Will everything go on-chain?
Our last post ended with the question: Is everything going on-chain? An economy that is on-chain has the following differences compared to our current economies:ComposabilityTransparencyUncensorableReduced need for trusted third partiesLet’s go through each of these. Composability Smart-contract blockchains are the first global APIs. Anything that is on-chain follows the same standards that programmers can build on top of. Similarly, every app, wallet, and exchange that wants to interact with...
Will everything go on-chain?
Our last post ended with the question: Is everything going on-chain? An economy that is on-chain has the following differences compared to our current economies:ComposabilityTransparencyUncensorableReduced need for trusted third partiesLet’s go through each of these. Composability Smart-contract blockchains are the first global APIs. Anything that is on-chain follows the same standards that programmers can build on top of. Similarly, every app, wallet, and exchange that wants to interact with...
Why NFTs may be a bigger deal than you think
Obviously the JPEG collectors utter that NFTs are the future of everything. The first time I heard the claim that every business will implement NFTs it sounded oddly familiar to BTC maximalist narratives. Here is a new technology that is magically going to solve all our problems and transform society. But I’ve converted. NFTs are actually the future. Let me explain. Blockchains are a phenomenal invention. Bitcoin solved the problem of how to get complete strangers to agree on something as val...
Why NFTs may be a bigger deal than you think
Obviously the JPEG collectors utter that NFTs are the future of everything. The first time I heard the claim that every business will implement NFTs it sounded oddly familiar to BTC maximalist narratives. Here is a new technology that is magically going to solve all our problems and transform society. But I’ve converted. NFTs are actually the future. Let me explain. Blockchains are a phenomenal invention. Bitcoin solved the problem of how to get complete strangers to agree on something as val...
