Onchain
Words matter. “The limits of my language means the limits of my world,” Ludwig Wittgenstein famously wrote. This is one of the reasons why I welcome the recent discussion about words to describe end-user use cases and technological developments in the crypto community. Crypto – do we still use that word? (Yes.) https://twitter.com/jessepollak/status/1764742947218858477 Base has recently started using ‘onchain‘ to describe many of the phenomena previously associated with the term 'web3&ap...
Onchain
Words matter. “The limits of my language means the limits of my world,” Ludwig Wittgenstein famously wrote. This is one of the reasons why I welcome the recent discussion about words to describe end-user use cases and technological developments in the crypto community. Crypto – do we still use that word? (Yes.) https://twitter.com/jessepollak/status/1764742947218858477 Base has recently started using ‘onchain‘ to describe many of the phenomena previously associated with the term 'web3&ap...
Consumer Product Moment
One reason centralized exchanges have flourished is because of the high access barriers today's self-custodial solutions, wallets and hardware security devices, still have. We have seen where this approach has led us. Self-custody software interfaces are still rudimentary, can be confusing and current hardware security devices are clunky, look like USB sticks (which can distort the perception and make it look like the owned assets are actually stored on the device, like a hard drive) and...
Consumer Product Moment
One reason centralized exchanges have flourished is because of the high access barriers today's self-custodial solutions, wallets and hardware security devices, still have. We have seen where this approach has led us. Self-custody software interfaces are still rudimentary, can be confusing and current hardware security devices are clunky, look like USB sticks (which can distort the perception and make it look like the owned assets are actually stored on the device, like a hard drive) and...
Thoughts on Wolf Game
Recently, Wolf Game launched their second mini-game (or pre-game): Cave Game. This is their first 3rd-person-view game, after the previous mini-game Alpha Game was interface-only, where users could stake their NFT assets in one of several Wolf Packs to compete for $WOOL — the game's native currency, which can then can be used to buy digital objects within the game’s internal economy in the yet-to-be released full game. Risk-based NFT Games Wolf Game was a pioneer in combining NFT and DeF...
Thoughts on Wolf Game
Recently, Wolf Game launched their second mini-game (or pre-game): Cave Game. This is their first 3rd-person-view game, after the previous mini-game Alpha Game was interface-only, where users could stake their NFT assets in one of several Wolf Packs to compete for $WOOL — the game's native currency, which can then can be used to buy digital objects within the game’s internal economy in the yet-to-be released full game. Risk-based NFT Games Wolf Game was a pioneer in combining NFT and DeF...
NFT's Shoeshine Boys
There is this anecdote about Joe Kennedy, JFK’s father, who got out of the stock market shortly before the Great Depression, because his shoeshine boy gave him investment tips. It is now referred to the Shoeshine Boy Indicator. I think we’re at a stage of the NFT (collectibles) market, where scams, rug pulls and unethical influencer behavior are everywhere, with some estimates as high as 80% of all current NFT (PFP?) projects. This comes in addition to the usual “number go up” and “to the moo...
NFT's Shoeshine Boys
There is this anecdote about Joe Kennedy, JFK’s father, who got out of the stock market shortly before the Great Depression, because his shoeshine boy gave him investment tips. It is now referred to the Shoeshine Boy Indicator. I think we’re at a stage of the NFT (collectibles) market, where scams, rug pulls and unethical influencer behavior are everywhere, with some estimates as high as 80% of all current NFT (PFP?) projects. This comes in addition to the usual “number go up” and “to the moo...
My NFT 2021
Began my journey in July with a Hirst Currency... bought in fiat & with my credit card. Bridged it from Palm to Ethereum, a month later sold it for 13.5e. My first eth. And so it began... Made a web3 Twitter alt to not mingle CT with my regular Twitter activity (which was and still is declining steadily since I joined in 2007). Got a tip from a friend, minted an NFT for 0.1e and instantly flipped it for 0.7e. Became addicted and thought this is the standard in web3 (had to learn the hard way ...
My NFT 2021
Began my journey in July with a Hirst Currency... bought in fiat & with my credit card. Bridged it from Palm to Ethereum, a month later sold it for 13.5e. My first eth. And so it began... Made a web3 Twitter alt to not mingle CT with my regular Twitter activity (which was and still is declining steadily since I joined in 2007). Got a tip from a friend, minted an NFT for 0.1e and instantly flipped it for 0.7e. Became addicted and thought this is the standard in web3 (had to learn the hard way ...
