3 ms·
All of these crypto things are protocols. The representation and actions on the representations are possible because everyone agrees on a protocol for it. Imagi
by adnzzzzZ 6y ago
All of these crypto things are protocols. The representation and actions on the representations are possible because everyone agrees on a protocol for it. Imagine a future where everyone agrees on using these representations where it makes sense by using the same protocol, just like everyone agrees to use the http protocol. In this case, it's an introduction of scarcity to digital items that wasn't possible before, and that has value in possibly lots of different environments.
- nitrogen 6y agoThe only value in faking scarcity is increased extraction by the latest wave of rent seekers. The world should be striving as hard as possible to move toward post-scarcity, and instead we are burning cities' worth of energy on...lucky numbers.
- adnzzzzZ 6y agoI'm sure there are many artists who would disagree with you and who aren't rent seekers at all. And they benefit massively from scarcity in the digital space. That's just one group, there are many others.
- lottin 6y agoMaking something more scarce only creates value if the thing being made scarce has negative value. It's basic arithmetic.