An homage to Chuck E. Cheese
This post aims to explain an evolution of reduced coordination costs using crypto and the serendipity of how I stumbled upon the evolution of curation economies.
In 2017, Mike Goldin, Ameen Soleimani and I co-authored a whitepaper formalizing a simple staking construction we referred to as a Token Curated Registry (notable feedback from Karl Floersch who was an ETH2.0 researcher at the time). Two years later, Ameen and I along with Arjun Bhuptani, Layne Haber and Rahul Sethuram (the co-founders of Connext) co-authored MolochDAO.
While the TCR construction seemed sound from a mechanism design…
With the increased interest of social tokens, I have found myself going back and reading this article over and over again trying to better grasp how crypto defines relationship based values such as trust, forgiveness, grace and redemption. Are social tokens bound to byzantine style dealings rooted in transactional relationships where all social interactions needed to be explicitly stated up-front?
In less esoteric terms, talking with creators with larger followings there is a pattern of hesitancy to launch tokens because of the downside risk. If “blockchains never forgot” and there is no room for forgiveness in crypto, experimentation becomes very…
The permit pattern is a simple but profound UI/UX improvement when dealing with Ethereum sidechain users.
Sidechains are attractive to developers because they require minimal change in the development process.
It reduces the number of steps needed to setup and interact with an EVM based sidechain.
Let’s take an example : a creator decides to launch a social token. A fan wants to support this creator and goes through process of downloading, installing MetaMask.
If the creator wants to utilize a sidechain (let’s use xDAI in this example), this puts the burden on the user to also :
The network effects of syndicating unprecedented levels of coordination based on future commitments
TL;DR While we can solve Ethereum’s scalability and on-boarding issues, the real opportunity is discovering a new collaboration playbook based on a syndication of open networks.
Previous posts discussed how CREATE2 can solve the Ethereum New User Flow (ENUF) and provide a scalable layer2 first solution. There is a viable path for Ethereum to go mainstream. However, just because it can does not guarantee it will.
A previous post outlined how solving the Ethereum New User Flow (ENUF) using CREATE2 reduces user friction by removing the need to create keys during the on-boarding process. However, a successful new user flow will only make network congestion worse. So, developers need to also simultaneously implement scalability solutions. While we are still in the early stages of building out lower-level protocols and infrastructure like ETH 2.0, …
Okay I’ll say it — despite working in the crypto space, I still get nervous when handling my private keys. Some things never change. It is incredibly empowering but also intimidating. I guess some super powers take time to get used to — as they say, with much power comes much responsibility. …
TL;DR We need to improve usability in Ethereum. The upcoming hard fork was intended to address scalability, but perhaps it’s also the answer to user on-boarding.
Usability in Ethereum
Ethereum is a decentralized network that can process roughly 15 transactions per second. It’s definitely a breakthrough that these transactions are all processing without a middleman. While this is a triumphant feat on its own, it is paltry in comparison to centralized services like Visa, which can peak at 24,000 transactions per second, or even Facebook, which handles 13,000,000 queries a second. …
EA’s original vision of video game publishing - let the software artist focus on creating amazing games and leave it to the publisher to take care of the business side of gaming.
This blog post marks the 30 anniversary of the EA “software artist” ad. Now people are communicating anytime, anywhere using written, spoken, visual, location and gesture data. Software artists today have the means to connect directly with over one billion mobile smart phone users. New forms of games and storytelling are emerging.
With all this potential, it is ironic that mobile app discovery is broken and the cost…
Proof of words — move fast and tokenize things