Illustration via 99designs **“What the smartest people do on the weekends is what everyone else will do during the week in ten years.”**— Chris Dixon “Denying and pushing back against NFTs and crypto is basically saying: ‘We’re not going to have a collectively owned future. We’re going to have a corporate-owned future, and we’re going to have a government-owned future.'”— Naval Ravikant Chris Dixon (@cdixon) is a general partner at Andreessen Horowitz, where for the past six years he has...

Illustration via 99designs **“What the smartest people do on the weekends is what everyone else will do during the week in ten years.”**— Chris Dixon “Denying and pushing back against NFTs and crypto is basically saying: ‘We’re not going to have a collectively owned future. We’re going to have a corporate-owned future, and we’re going to have a government-owned future.'”— Naval Ravikant Chris Dixon (@cdixon) is a general partner at Andreessen Horowitz, where for the past six years he has...

https://vitalik.ca/general/2021/10/31/cities.html 2021 Oct 31 from Vitalik Special thanks to Mr Silly and Tina Zhen for early feedback on the post, and to a big long list of people for discussion of the ideas. One interesting trend of the last year has been the growth of interest in local government, and in the idea of local governments that have wider variance and do more experimentation. Over the past year, Miami mayor Francis Suarez has pursued a Twitter-heavy tech-startup-like strategy of...

https://vitalik.ca/general/2021/10/31/cities.html 2021 Oct 31 from Vitalik Special thanks to Mr Silly and Tina Zhen for early feedback on the post, and to a big long list of people for discussion of the ideas. One interesting trend of the last year has been the growth of interest in local government, and in the idea of local governments that have wider variance and do more experimentation. Over the past year, Miami mayor Francis Suarez has pursued a Twitter-heavy tech-startup-like strategy of...

PolynyaHomo sapiens are a fascinating species. Our bodies do have some advantages: opposable thumbs, decent endurance, bipedalism — but are quite mediocre overall in the grand scheme of evolutionary physiology. Where all our skill points have been allocated is in two key areas: communication and imagination. Natural selection is an autonomous process, and our existence is completely meaningless. Yet, through our imagination, we have conjured fictional structures like religion, nations, econom...

PolynyaHomo sapiens are a fascinating species. Our bodies do have some advantages: opposable thumbs, decent endurance, bipedalism — but are quite mediocre overall in the grand scheme of evolutionary physiology. Where all our skill points have been allocated is in two key areas: communication and imagination. Natural selection is an autonomous process, and our existence is completely meaningless. Yet, through our imagination, we have conjured fictional structures like religion, nations, econom...

By Team SequoiaImage by Matt Hamel In early 2021 the value of the combined cryptocurrency market crossed $1 trillion for the first time, a figure that caught the attention of even the staunchest skeptics. In November, that figure crossed $3 trillion — more than the value of any company on earth. Thousands of developers are now building crypto projects, with much of that activity inflecting in the last three years. There are over 7,000 tokens today, a nearly 12X increase from early 2017. There...

By Team SequoiaImage by Matt Hamel In early 2021 the value of the combined cryptocurrency market crossed $1 trillion for the first time, a figure that caught the attention of even the staunchest skeptics. In November, that figure crossed $3 trillion — more than the value of any company on earth. Thousands of developers are now building crypto projects, with much of that activity inflecting in the last three years. There are over 7,000 tokens today, a nearly 12X increase from early 2017. There...

"It's an organization Jim, but not as we know it..."What is a DAO?Do you remember when 'The Internet' was too slow and would never catch on? At that time, we were in the early stages of Web1: publishing became democratized and anyone could code a simple website and start blogging. Web2, a few years later, saw the rise of platforms such as Google, Facebook and Squarespace, who provided services and scaled them up to worldwide proportions. Web3 is where the role of traditional or...

"It's an organization Jim, but not as we know it..."What is a DAO?Do you remember when 'The Internet' was too slow and would never catch on? At that time, we were in the early stages of Web1: publishing became democratized and anyone could code a simple website and start blogging. Web2, a few years later, saw the rise of platforms such as Google, Facebook and Squarespace, who provided services and scaled them up to worldwide proportions. Web3 is where the role of traditional or...

The creators have been sealed for several years, and we let the monopoly hurt them.Web 3.0 transformationWeb 1.0: Internet Web 2.0: social media/mobile internet Web 3.0: Blockchain/AI We are in the third stage of the Internet. Many Web 3.0 skeptics believe that decentralization will not change anything. I disagree. Coinbase CEO Brian Armstrong believes that Web 3.0 is nothing new. He said that we are re-decentralizing the Internet, that is, what was the Internet like in the beginning and why?...

The creators have been sealed for several years, and we let the monopoly hurt them.Web 3.0 transformationWeb 1.0: Internet Web 2.0: social media/mobile internet Web 3.0: Blockchain/AI We are in the third stage of the Internet. Many Web 3.0 skeptics believe that decentralization will not change anything. I disagree. Coinbase CEO Brian Armstrong believes that Web 3.0 is nothing new. He said that we are re-decentralizing the Internet, that is, what was the Internet like in the beginning and why?...

https://future.a16z.com/how-composability-unlocks-crypto-and-everything-else/ While many in tech and beyond have heard of bitcoin, cryptocurrency, and the concept of a blockchain, less well-known are smart contracts, the major innovation of Ethereum. They’re programs that anyone can write and deploy to a public blockchain, enabling all kinds of innovation. Buzzy acronyms like NFTs, DeFi, DAOs — representing new ways to own anything, better financial systems for all, and new ways for people to...

https://future.a16z.com/how-composability-unlocks-crypto-and-everything-else/ While many in tech and beyond have heard of bitcoin, cryptocurrency, and the concept of a blockchain, less well-known are smart contracts, the major innovation of Ethereum. They’re programs that anyone can write and deploy to a public blockchain, enabling all kinds of innovation. Buzzy acronyms like NFTs, DeFi, DAOs — representing new ways to own anything, better financial systems for all, and new ways for people to...

The next frontier in computing, which will take shape this decade, is building apps on programmable blockchains. Programmable blockchains are interesting for the same reason that innovation on smartphones spiked after opening up development to third parties via app stores. We are now seeing waves of brilliant, creative people building new products and services on top of blockchains that are disrupting industries and reaching mainstream adoption. DeFi was the first wave of blockchain killer ap...

The next frontier in computing, which will take shape this decade, is building apps on programmable blockchains. Programmable blockchains are interesting for the same reason that innovation on smartphones spiked after opening up development to third parties via app stores. We are now seeing waves of brilliant, creative people building new products and services on top of blockchains that are disrupting industries and reaching mainstream adoption. DeFi was the first wave of blockchain killer ap...

by Alex Carreira & Prabhaav BhardwajOverviewExchanging one asset for another is a foundational concept of financial markets. In cryptocurrency markets, this commonly occurs where tokens or currencies are swapped or traded for others. Uniswap is an automated liquidity protocol that facilitates this type of swapping. It uses pairs or pools (henceforth pairs), pooled reserves of two assets[1], to allow a user to swap one asset for another.Figure 1.0: A Uniswap pool of tokens A and B along with e...

by Alex Carreira & Prabhaav BhardwajOverviewExchanging one asset for another is a foundational concept of financial markets. In cryptocurrency markets, this commonly occurs where tokens or currencies are swapped or traded for others. Uniswap is an automated liquidity protocol that facilitates this type of swapping. It uses pairs or pools (henceforth pairs), pooled reserves of two assets[1], to allow a user to swap one asset for another.Figure 1.0: A Uniswap pool of tokens A and B along with e...

The LAO is closing its first DAO-to-DAO transaction all mediated through Ethereum-based smart contracts.The LAOThe LAO has received contributions of more than $5 million in ETH. This capital is already being deployed to support a number of projects (14 already), with the investments denominated in ether and settled with Moloch DAO v2 Ethereum contracts. Despite an atmosphere of global uncertainty, Ethereum entrepreneurship has not missed a beat, and The LAO continues to support builders, who ...

The LAO is closing its first DAO-to-DAO transaction all mediated through Ethereum-based smart contracts.The LAOThe LAO has received contributions of more than $5 million in ETH. This capital is already being deployed to support a number of projects (14 already), with the investments denominated in ether and settled with Moloch DAO v2 Ethereum contracts. Despite an atmosphere of global uncertainty, Ethereum entrepreneurship has not missed a beat, and The LAO continues to support builders, who ...

https://1729.com/summary FROM @balajis Writing a book is a commitment for reader and writer alike. So in the event you're deciding whether to make that commitment, here's a minimum description length-motivated summary of the key concepts behind the Network State. We'll do the one sentence, one page, and one thousand word versions. For the ten page version, read chapter one. And for the one hundred-plus-page version, read the whole thing.One sentenceA network state is a social n...

https://1729.com/summary FROM @balajis Writing a book is a commitment for reader and writer alike. So in the event you're deciding whether to make that commitment, here's a minimum description length-motivated summary of the key concepts behind the Network State. We'll do the one sentence, one page, and one thousand word versions. For the ten page version, read chapter one. And for the one hundred-plus-page version, read the whole thing.One sentenceA network state is a social n...

The LAO is closing its first DAO-to-DAO transaction all mediated through Ethereum-based smart contracts.The LAO has received contributions of more than $5 million in ETH. This capital is already being deployed to support a number of projects (14 already), with the investments denominated in ether and settled with Moloch DAO v2 Ethereum contracts. Despite an atmosphere of global uncertainty, Ethereum entrepreneurship has not missed a beat, and The LAO continues to support builders, who keep sh...

The LAO is closing its first DAO-to-DAO transaction all mediated through Ethereum-based smart contracts.The LAO has received contributions of more than $5 million in ETH. This capital is already being deployed to support a number of projects (14 already), with the investments denominated in ether and settled with Moloch DAO v2 Ethereum contracts. Despite an atmosphere of global uncertainty, Ethereum entrepreneurship has not missed a beat, and The LAO continues to support builders, who keep sh...