The Tinkering SocietyMilestones Towards a Long Position
As mentioned previously, I believe crypto-specific blow-ups and forced liquidation is behind us. Yet the gm Portfolio is in cash with the thesis that crypto will go down with the rest of the public markets should the economy enter a recession and public equities suffer a bear market. Here are some things we are monitoring as milestones along a way towards taking long positions in crypto: 1. Yield curves steepen (un-invert). Currently, the US Treasury 2-year/10-year and the 3-month/10-year spr...
The Tinkering SocietyFair Launches and Neutrality
Are fair launches really that equal? And, if not, how can we improve them?(Fair) Launch CodesTo add context, here’s a quick primer on the concept. These are token distribution models which are designed to favor no individual or group. There are no founders’ allocations, seed round, or ICO that provides preferential coin or token access. Yearn.Finance is a prime example. Zero $YFI was allocated to presales or ICOs, or even the founder. Early distribution was primarily shared out between the fi...
The Tinkering SocietyIslands
The crossover between blockchain and AI seems to inspire more derision than usual from Crypto X/Twitter. I think this is largely due to the void of implemented use cases surrounding them. There’s an air of magical thinking about combining the two technologies that has a multiplying effect on any apprehension. The overlap feels like blockchain circa 2018, when decentralization was pitched alongside every major industry as a revolutionary ace card without sound explanation or proof.The reality ...
We’re builders and thinkers on a mission to further develop the crypto ecosystem through protocol research and incubation.
The Tinkering SocietyMilestones Towards a Long Position
As mentioned previously, I believe crypto-specific blow-ups and forced liquidation is behind us. Yet the gm Portfolio is in cash with the thesis that crypto will go down with the rest of the public markets should the economy enter a recession and public equities suffer a bear market. Here are some things we are monitoring as milestones along a way towards taking long positions in crypto: 1. Yield curves steepen (un-invert). Currently, the US Treasury 2-year/10-year and the 3-month/10-year spr...
The Tinkering SocietyFair Launches and Neutrality
Are fair launches really that equal? And, if not, how can we improve them?(Fair) Launch CodesTo add context, here’s a quick primer on the concept. These are token distribution models which are designed to favor no individual or group. There are no founders’ allocations, seed round, or ICO that provides preferential coin or token access. Yearn.Finance is a prime example. Zero $YFI was allocated to presales or ICOs, or even the founder. Early distribution was primarily shared out between the fi...
The Tinkering SocietyIslands
The crossover between blockchain and AI seems to inspire more derision than usual from Crypto X/Twitter. I think this is largely due to the void of implemented use cases surrounding them. There’s an air of magical thinking about combining the two technologies that has a multiplying effect on any apprehension. The overlap feels like blockchain circa 2018, when decentralization was pitched alongside every major industry as a revolutionary ace card without sound explanation or proof.The reality ...
We’re builders and thinkers on a mission to further develop the crypto ecosystem through protocol research and incubation.
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The recent news of ancient crypto wallets coming alive got me thinking about those early days in Bitcoin’s existence.
After some time, an alternative reality formed in my imagination.
Satoshi lives and is having a whale of a time. He made a fair alternative currency that seems to resonate with people.
It moons. Celebrity-dom ensues.
Eventually, fame takes its tragic toll, and Satoshi’s knack for the high life finds him floating face down in a ₿-shaped pool.
The dynamics of politics demand villains. Red versus blue. East versus West.
Satoshi’s masterstroke wasn’t creating his digital dollar. It was turning his back on it.
The true power of Bitcoin - and by generalization, decentralization - is that it has no creator to target.
Crypto is at its weakest when megacorps like FTX and Coinbase breach into politics. It has a face and is controllable.
When Warren summons an almighty anti-crypto army, or Gensler rants about securities, they have a shaggy-haired target to zero in on.
The COVID pandemic, while being a tragedy, was a red pill moment for humanity. It was a shift that made people realize, even if only temporarily for some, that they didn’t have to work 9-5 and that governments can manipulate (or print) money.
It showed us that real change can ensue when something is faceless and uncontrollable.
It’s programmed in us as humans to look towards ‘leaders’. Throughout history cultures have blindly idolized individuals irrespective of their flaws.
It’s why I believe Pepe became Web3’s chosen mascot. It’s a face, but with infinite and blending identities.
Let’s hope that Satoshi remains in the ether. Doing so means that blockchain’s biggest anchor stays infallible and preserves the momentum built up by all of the faces, and faceless, across the entire industry.
The recent news of ancient crypto wallets coming alive got me thinking about those early days in Bitcoin’s existence.
After some time, an alternative reality formed in my imagination.
Satoshi lives and is having a whale of a time. He made a fair alternative currency that seems to resonate with people.
It moons. Celebrity-dom ensues.
Eventually, fame takes its tragic toll, and Satoshi’s knack for the high life finds him floating face down in a ₿-shaped pool.
The dynamics of politics demand villains. Red versus blue. East versus West.
Satoshi’s masterstroke wasn’t creating his digital dollar. It was turning his back on it.
The true power of Bitcoin - and by generalization, decentralization - is that it has no creator to target.
Crypto is at its weakest when megacorps like FTX and Coinbase breach into politics. It has a face and is controllable.
When Warren summons an almighty anti-crypto army, or Gensler rants about securities, they have a shaggy-haired target to zero in on.
The COVID pandemic, while being a tragedy, was a red pill moment for humanity. It was a shift that made people realize, even if only temporarily for some, that they didn’t have to work 9-5 and that governments can manipulate (or print) money.
It showed us that real change can ensue when something is faceless and uncontrollable.
It’s programmed in us as humans to look towards ‘leaders’. Throughout history cultures have blindly idolized individuals irrespective of their flaws.
It’s why I believe Pepe became Web3’s chosen mascot. It’s a face, but with infinite and blending identities.
Let’s hope that Satoshi remains in the ether. Doing so means that blockchain’s biggest anchor stays infallible and preserves the momentum built up by all of the faces, and faceless, across the entire industry.
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