What is a Network State | Part 2
Blog icon101's
Oct 21
WhyBasically, the world is turning into a shitstorm, of democracies turning into authoritarian regimes & authoritarian regimes turning into full big-brother mode on steroids.However, it’s more politely put explained in Bilaji’s theories as American Anarchy & Chinese Control.TLDR;US goes into civil warChina x10 the surveillance and control via their digital currency.Disaster Girl MemeSo what’s the main difference?The logical question is now, what’s the difference between a nation-state & a net...

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Blockchain | Part 1

Blockchain | Part 1

What is a Network State | Part 2

What is a Network State | Part 2

Tokenomics | Part 1

Tokenomics | Part 1

What is a Network State | Part 1

What is a Network State | Part 1

DAOs | Part 1

DAOs | Part 1

Incentive Design | Part 1

Incentive Design | Part 1

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What is a Network State | Part 1
Blog icon101's
Sep 10
Network states & crypto states … I first came across these terms a while ago whilst contributing at Status, I never gave it much thought until recently as tensions across the world escalate, privacy shrinks, authoritarianism increases and I’m slowly but surely noticing more & more that nation-states are constantly fighting to compete for the monopoly on violence. Network states & crypto states are the new or at least new to me buzzwords being thrown around in the blockchain/web3 space, howeve...
DAOs | Part 1
Blog icon101's
Jul 30
What is a DAO:The name stands for decentralised autonomous organisation. It’s people who form a group (small, medium or large), where everyone participating is a shareholder, as long as they have the group/organisation token/NFT, these shareholders can put forward proposals that everyone votes on. So like having a pot of money between friends and you all choose what to do with it … But on a much bigger scale, everyone votes and then the actions are executed by code. The main parts are that it...
Incentive Design | Part 1
Blog icon101's
Jul 20
Why are things designed in a certain way, basically so we can take the predetermined paths that benefit both the person & the final product. This includes how the paths are shown & followed usually decided by good & bad behaviour rewards. So, what drives people to act in certain ways, rewards; as humans we tend to run away from pain & towards what brings us pleasure, on most occasions anyway. Unless you’re a gamer in which case you’ll get crushed by the same boss for hours for a tiny release ...
Tokenomics | Part 3
Blog icon101's
Jul 6
I want to cover the most popular digital currency in the world, more popular than BTC… At face value, it has an unlimited market cap, inflationary, isn’t backed by anything & the devs don’t do anything, can you guess which one it is … If you said BTC, ETH, Dogecoin or any other crypto, then you’d be wrong, it’s actually the US Dollar.Jerome Powell & his money printerIf you can print an infinite amount of money, rack up too much debt to pay back & depend on more people to add to the supply to ...
The Blockchain Trilemma
Blog icon101's
Jun 30
What is it?This is one of the most difficult problems facing the blockchain industry. It's known as the blockchain trilemma, introduced by ya boi Vitalik that proposes that there are three core pillars to blockchain which are decentralization, security and scalability. However the issue comes when trying to find a balance between all three, so trade-offs are made which leads to one of the three pillars being abandoned and just sticking to two.Pineapple ExpressExamples?Bitcoin focuses on ...
DCA: Being the Tortoise 🐢
Blog icon101's
Jun 27
DCA = Dollar Cost AverageThis is a way of buying/investing in a gradual & consistent way A friend of a friend told me it’s a great way to accumulate assets at a discount when the markets are dumping or/and stagnantWhatThis is the old man, slow & steady, pretty hands-off, boring way of investingIn other words, slowly stacking money legosThis is a way to invest for the video gamers of RPG’s, MMO’s and any other games that require serious grinding. In video game terms, this would be the IRL (in ...
Tokenomics | Part 2
Blog icon101's
Jun 24
Let’s put all that into context with some examples using BTC & ETH, in this section, we’ll check out & compare their tokenomics. I’m not from an economic background so this will be a light version of reviewing these two projects by asking the main question from the last post which was:How many coins exist?How many coins will be added (how & when)?Is the supply inflationary (increasing) or deflationary (decreasing)?wHaT iS tHe uTiLiTy, which is a very sensible and fair question, for example, c...
Bear Markets ...
Blog icon101's
Jun 23
The market is crashing 📉Yes the market has tumbled, why? A lot of reasons, but mainly greed which led to a lot of people, as well as large CEFI projects and VC’s leveraging huge amounts & then getting liquidated. I am not a financial advisor so take this with a pinch of salt and DYOR, but I’ll share some of my thoughts on how to get through these challenging times....Now what… 👀The way I see it, there are a bunch of ways you can see this bear market. However I like to simplify it in order t...
Tokenomics | Part 1
Blog icon101's
Jun 3
What are Tokenomics?Tokenomics can be described as the economics of how cryptocurrencies work, just like banks & governments have monetary policy to control fiat currencies (currencies issued by governments that aren’t backed by any commodity such as gold or silver), crypto has tokenomics which anyone is able to view in order to guess if the token has any chance to succeed.WhyWhy is it important to know about tokenomics… Well, most of the time it’s a good idea to know you want to understand w...
Blockchain | Part 3
Blog icon101's
May 31
What can it be used for?The applications are endless and they’re not just theoretical, below I’ve listed a few areas.Banking & FinanceThis area is huge, especially since a lot of the focus has been on monetary policies & incentives across DEFI, so this covers international payments, capital markets, regulatory compliance & audits, and money laundering protection (via KYC; “Know Your Customer“) & Insurance, ect. Some projects/companies working in this space include:ABRA – A crypto wallet holds...
Blockchain | Part 2
Blog icon101's
May 23
Let’s continue from the previous ramblings & break down a few parts:BlocksThis is a collection, of a bunch of transactions that have been checked, verified & squashed into a block. Analogy; ChristmasEach person getting a present = Record.Each present wrapping their presents in their own wrapping paper (grandparents always use the same wrapping paper, every year 😅) = Block.Those wrapped presents are added to the Christmas tree = Blockchain.Analogy; Bank accountYour bank statement = Blockchain...
Blockchain | Part 1
Blog icon101's
May 14
“Buzzword of the century, probably”What is it?A simple explanation would be along the lines of: "A blockchain is a database made up of blocks of information, that's shared across a number of computers, who make that work together to make sure the data isn't messed with by making constant checks"Ok, so how does that happen?The transaction is saved in a record (or receipt, however you visualise it best).The computers in the network (known as nodes) look at the record (receipt) and mak...