Dwolb

15 ms·

121.
by Dwolb 5y ago
I think we’ll see if bandwidth and latency improvements bring more application development. Solana and Avalanche are orders of magnitude faster than Ethereum and their ecosystems are rapidly evolving. Btw Solana founder is ex-Qualcomm and w
122.
by Dwolb 5y ago
It’s marketplace-specific right now but the standards are evolving to support it natively: https://www.gemini.com/blog/exploring-the-nft-royalty-standa...
123.
by Dwolb 5y ago
It can be abused, but it allows the creator or developer to align incentives in different ways. eg if the royalty goes toward a DAO, maybe that DAO’s charter is to grow awareness for the NFT project. Or the rewards could accrue toward a sta
124.
by Dwolb 5y ago
You could (Matt Levine talks about his ExcelCoin he tracks in a spreadsheet), but with the rise of AMMs [1] (and SSOV’s) it’s easier to make the market in the DeFi space. [1] https://medium.com/dragonfly-research/what-e
125.
by Dwolb 5y ago
Sure there’s definitely US-centric issues given the current regulations in place. But it’s permissionless in that if the financial markets don’t support a structured product you or your community needs, you can create and deploy it yourselv
126.
by Dwolb 5y ago
A cool example of NFT innovation is programmable royalty fees. Those fees can be directed back to the creator, the community, a DAO treasury. Configurations are infinite.
127.
by Dwolb 5y ago
Personally the reason it blows my mind is because it’s now permissionless to craft a unique structured product or derivatives protocol, deploy it globally, and anyone on the planet can participate in that market. It’s fully customizable and
128.
by Dwolb 5y ago
1G was delivered late 1970s, 5G… 2018ish? https://www.techadvisor.com/feature/small-business/timeline-... JWST was conceived in 1996: https://en.m.wikipedia.org/wiki/Timeline_of_the_James_Webb
129.
by Dwolb 5y ago
Solana’s on the same order of magnitude as Visa. Some people dispute the exact figure, but it’s basically there: https://www.benzinga.com/amp/content/25031541 Next long term target is speed and energy efficiency o
130.
by Dwolb 5y ago
Yeah narrow or just on a different layer/level of abstraction. Yup my mental model is we’re either in Arpanet days or multiple-competing-DOS days.
131.
by Dwolb 5y ago
We need more precision in the scale and performance targets you’re seeking prior to discussing blockchain analogs. It’s tough to respond when “serious financial application” or “revolutionary technology backing all finance” aren’t well-defi
132.
by Dwolb 5y ago
IMO L1 (Ethereum, Solana, Fantom, etc.) development is closer to building out a communications or telco network. From that “hard” technology perspective, it’s very early days. And the apps that run on top of these L1s are fully limited by L
133.
by Dwolb 5y ago
Curve Finance with $14B locked to its platform. Serves up low slippage stablecoin swaps. Some background on Curve (and Convex): https://medium.com/coinmonks/convex-curve-curve-d7e28cd6c1d9
134.
by Dwolb 5y ago
I don’t think we even need to “get” web3/blockchain/whatever rebrand. No one understands what it will be (and people involved in the space barely understand what is, as in what all exists, today). But here’s something that is conc
135.
by Dwolb 5y ago
But what do you consider to be “as small as possible”? Is 50% the minimum?
136.
by Dwolb 5y ago
I think what we’re missing is information gained by understanding the letter location. So if S is in 90% of words, well you also reveal whether or not it’s in the nth location. Whereas an incorrect guess gives you no location information. S
137.
by Dwolb 5y ago
I was thinking that if you guess S correctly and it is in 90% of words and not in 10% of words, you’ve only removed 10% of words from the pool. Whereas if there were a letter closer to occurring in only 50% of the pool, you at least elimina
138.
by Dwolb 5y ago
How are you calculating “biggest reduction in size of candidate pool”? Wondering if you’re trying to split the pool 50-50 or more like 90-10.
139.
by Dwolb 5y ago
I’d wager that on average lawyers aren’t on any specific side.
140.
by Dwolb 5y ago
Is that the really important thing? It’s a nascent technology.
141.
by Dwolb 5y ago
Yup, good luck.
142.
by Dwolb 5y ago
I need to say the obligatory THIS IS NOT FINANCIAL ADVICE CONSULT A TAX ACCOUNTANT. Ok so my understanding is you need to exercise your options and wait 5 years for QSBS to kick in. After that you can start selling at $0 in capital gains. J
143.
by Dwolb 5y ago
Good point on ETH Classic. I guess I didn’t think of that bc I don’t consider myself important enough to be overruled by so many people. Possibly the good thing about the ecosystem is anyone can make a protocol or form the existing open s
144.
by Dwolb 5y ago
I dunno I’m an over-halfway believer in crypto. The other day I wanted to invest in a token. So I transferred ETH out of Coinbase to MetaMask wallet, then traded my ETH for the token. Each transaction took about 30sec and cost ~$25. That so
145.
by Dwolb 5y ago
Hey sorry for the delay but wanted to say I appreciate your viewpoint and logical debate.
146.
by Dwolb 5y ago
If you’re up for QSBS treatment, I’d recommend to hire a CPA, financial advisor, and possibly a lawyer. One of those three can send over a letter to the CEO or CFO to share relevant information. It’s usually already prepared for equity or d
147.
by Dwolb 5y ago
Thanks for sharing your counter-example. Do you think you significantly affected company trajectory in these two cases or not? Can play around with the definition of “significantly here”.
148.
by Dwolb 5y ago
Silicon Valley companies were paying salary and equity and were growing really fast. Employee’s vested shares turned out to be worth a lot and so was the real estate employees bought. The market was ripe and the people were talented. Not
149.
by Dwolb 5y ago
That’s a negative sum view of the situation (if the creator takes more, the buyer takes less). Consider the positive sum view: the creator is encouraged to do activities (marketing? Community management?) to drive the price of the sold item
150.
by Dwolb 5y ago
I don’t disagree and there’s two things I find interesting: 1) Remittance is easily implemented in a smart contract. 2) This aligns long term interests between the project creator and the NFT holder (and one can imagine different incentive

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