What is Ethereum
Ethereum is the settlement layer for global finance. It is the only blockchain that can be this. If you're surprised by the above statement, this article is for you. Other chains will still host many useful apps, and play niche roles, but the global financial system will run on Ethereum.What is a settlement layer?Rather than being a chain where consumers go to use apps and trade with their friends, a settlement layer is a chain that other chains build upon. It specializes in 5 things:Sec...
Why Bitcoin Lightning Sucks
Bitcoin Lightning is mostly a meme used as a retort to people who say "Bitcoin doesn't scale", it's not a long term solution to anything. It's sad there are so few technically competent people left in the Bitcoin community to point this out, but its true. If Bitcoin had a hard fork to make ZK Rollups possible it would completely obsolete the lightning network (and be good for Bitcoins security budget!).What is the lightning network and how does it work?It's a state channel...
Real World DeFi Composability - Balancer + Fjord Foundry
In my previous article I talked about composability hypothetically, and wanted to show a concrete example to help you understand the concept. Balancer, a company I work at, is a decentralized exchange like Uniswap, but with much more flexibility and cutomisability. While Uniswap only allows 50/50 pools, Balancer allows highly configurable pools of many different assets in many different ratios, and even allows changing those ratios over time. This changing ratios is an interesting upgrade, bu...
<100 subscribers
What is Ethereum
Ethereum is the settlement layer for global finance. It is the only blockchain that can be this. If you're surprised by the above statement, this article is for you. Other chains will still host many useful apps, and play niche roles, but the global financial system will run on Ethereum.What is a settlement layer?Rather than being a chain where consumers go to use apps and trade with their friends, a settlement layer is a chain that other chains build upon. It specializes in 5 things:Sec...
Why Bitcoin Lightning Sucks
Bitcoin Lightning is mostly a meme used as a retort to people who say "Bitcoin doesn't scale", it's not a long term solution to anything. It's sad there are so few technically competent people left in the Bitcoin community to point this out, but its true. If Bitcoin had a hard fork to make ZK Rollups possible it would completely obsolete the lightning network (and be good for Bitcoins security budget!).What is the lightning network and how does it work?It's a state channel...
Real World DeFi Composability - Balancer + Fjord Foundry
In my previous article I talked about composability hypothetically, and wanted to show a concrete example to help you understand the concept. Balancer, a company I work at, is a decentralized exchange like Uniswap, but with much more flexibility and cutomisability. While Uniswap only allows 50/50 pools, Balancer allows highly configurable pools of many different assets in many different ratios, and even allows changing those ratios over time. This changing ratios is an interesting upgrade, bu...
Share Dialog
Share Dialog
Moderation is the number one concern I've heard about DeSo. It's incredibly important as almost every protocol and platform on the internet has issues with spam.
Moderating DeSo requires a completely different mindset compared to traditional social media. Here are three of my favorite options, in increasing complexity:
Friends-only social media
Opt-in moderators
Reputation Systems
By default your app could only show you posts from friends and/or friends of friends. That's a simple way of filtering out all spam at once. It doesn't matter how many fake posts the trolls write, you'll never see them in your feed.
We probably want this network to have some sort of town square though. Which is where other forms of moderation shine.
Rather than having some blessed global moderators with super powers, you elect your own moderators. Those moderators could be your friends, media companies (NYT, Reuters, etc), companies specializing in moderation (Facebook, Net Nanny) etc. Anyone could setup their own moderation company and even charge fees for the service if they desire.
Your client could automatically send them posts / images / videos and they send back a rating of truthiness, spam probability, potential hate speech etc. Then your client filters or adds warnings based on this rating. This is completely controllable by you the user.
This could be built into the social apps you choose, or addable via plugins.
Mentioning user reputations often causes immediate backlash, because people think of the CCP, Black Mirror, or MeowMeowBeenz, and know how bad they can turn out. But this system can work! It just can't be global.
I have zero trust for most politicians, but some of my friends are big fans. I trust my wife completely, but her colleagues may not. Everyone has their own views on who is reputable and who is not. This is why reputation should be completely personalized.
We also garner reputation from other people. If a person approaches you at a bar you'll be hesitant to engage, but if your friend introduced that same person you'll trust them more and be far more likely to have a good conversation.
Online reputation should mirror real life. When you like and follow people you attest that they are reputable, and when interacting with strangers you can immediately assign them a reputation based on your friends reputations and attestations. This could extend to friends of friends or even further too.
This solves another big problem I have with the internet: When you see a statement by someone you don't know, how can you tell if they are a bullshit artist or not? People are too trusting online, and it's too easy for compulsive liars to take advantage of that. With a reputation system filtering out these people becomes much easier, because as soon as one of your friends, or a bunch of acquaintances, calls them out, you'll know about it.
Moderation is the number one concern I've heard about DeSo. It's incredibly important as almost every protocol and platform on the internet has issues with spam.
Moderating DeSo requires a completely different mindset compared to traditional social media. Here are three of my favorite options, in increasing complexity:
Friends-only social media
Opt-in moderators
Reputation Systems
By default your app could only show you posts from friends and/or friends of friends. That's a simple way of filtering out all spam at once. It doesn't matter how many fake posts the trolls write, you'll never see them in your feed.
We probably want this network to have some sort of town square though. Which is where other forms of moderation shine.
Rather than having some blessed global moderators with super powers, you elect your own moderators. Those moderators could be your friends, media companies (NYT, Reuters, etc), companies specializing in moderation (Facebook, Net Nanny) etc. Anyone could setup their own moderation company and even charge fees for the service if they desire.
Your client could automatically send them posts / images / videos and they send back a rating of truthiness, spam probability, potential hate speech etc. Then your client filters or adds warnings based on this rating. This is completely controllable by you the user.
This could be built into the social apps you choose, or addable via plugins.
Mentioning user reputations often causes immediate backlash, because people think of the CCP, Black Mirror, or MeowMeowBeenz, and know how bad they can turn out. But this system can work! It just can't be global.
I have zero trust for most politicians, but some of my friends are big fans. I trust my wife completely, but her colleagues may not. Everyone has their own views on who is reputable and who is not. This is why reputation should be completely personalized.
We also garner reputation from other people. If a person approaches you at a bar you'll be hesitant to engage, but if your friend introduced that same person you'll trust them more and be far more likely to have a good conversation.
Online reputation should mirror real life. When you like and follow people you attest that they are reputable, and when interacting with strangers you can immediately assign them a reputation based on your friends reputations and attestations. This could extend to friends of friends or even further too.
This solves another big problem I have with the internet: When you see a statement by someone you don't know, how can you tell if they are a bullshit artist or not? People are too trusting online, and it's too easy for compulsive liars to take advantage of that. With a reputation system filtering out these people becomes much easier, because as soon as one of your friends, or a bunch of acquaintances, calls them out, you'll know about it.
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