TheColorYellow

13 ms·

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by TheColorYellow 5y ago
In so many ways...isn't that exactly the truth? Today Facebook steals your time by locking your attention to their web page or mobile app. Tomorrow they do it by locking your attention to their VR headset or AR glasses. And each time,
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by TheColorYellow 5y ago
> unless Mastodon or something else is planning to persuade the masses to not make money on the metaverse and stay on the fediverse. Exactly this. Mastodon on its own is clearly not enough. And cryptoeconomic systems still have to naviga
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by TheColorYellow 5y ago
Interesting question, but doesn't a "metaverse" require interoperable applications to some extent? I think the Zuck use case was buying a t-shirt for a virtual avatar and I want to use that t-shirt in other applications. Ther
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by TheColorYellow 5y ago
Let's just call it the digital ecosystem and leave it at that.
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by TheColorYellow 5y ago
Something sorely missing from the conversation is the infrastructure piece of all of this. It's much sexier to talk about VR experiences or whatever digital activity resonates with you, but none of this works without the infrastructure
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by TheColorYellow 5y ago
My view is that this is an issue finance has already solved. Just regulate ad exchanges for fair practice, require disclosure or transparency to identify anticompetitive behavior, and then license the fuck out of everyone who participates i
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by TheColorYellow 5y ago
I think we're in the middle of a bit of a transition phase within the industry. > Every single one of our customers is looking for a path back to something that looks like the mainframe in terms of vertical integration of the busine
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by TheColorYellow 5y ago
Yes, definitely it is worth getting into. With your background it may be hard at first but you'll quickly start seeing what things are more so then even long-time crypto bros. In what role? Thats a bit harder. For starters, lets preten
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by TheColorYellow 5y ago
I don't get how Account B gets to the point of extracting value from the illiquid asset after purchasing? Seems like they either, 1) sell periodically or as the assets value appreciates, but this is generally unreliable and tough or 2)
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by TheColorYellow 5y ago
Your neighbor is not the government and has no qualities of what a government has. Taxation is a necessary form of funding to the entities that are responsible for managing negative externalities.The fact that they have a monopoly on violen
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by TheColorYellow 5y ago
I really think this nails it. Management of people requires a very empathetic, highly personalized approach. It's really all about motivation and the levers you can use are not always in line with the company objectives. High performan
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by TheColorYellow 6y ago
Agree with this point completely. Ideally it seems as if you'd want someone with administrative capabilities and focus but with enough understanding of the tech and business side that they're able to understand context and convers
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by TheColorYellow 6y ago
> why hasn't there been a disaster? Would the GFC count? Technically it wasn't a system shattering event (more like system shuddering), but boom and bust cycles certainly do seem to be growing.
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by TheColorYellow 6y ago
I actually think liquidity issues arise mostly from entities failing to have cash on hand for the settling of debts that are due. Not due to hoarding wealth or refusing to invest it. Those things are systemic issues related to other aspects
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by TheColorYellow 6y ago
> Part of what makes me a good engineer – submerging myself extremely deep and specific context, "the zone" – seems to work against me becoming a good product person. I feel a lot of this from the other side of the table. Part
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by TheColorYellow 6y ago
> where’s anything clearly better than its predecessor? At the moment, there isn't a single alternative product for a state-free currency as a store of value that has reached the valuation of Bitcoin. I'm not even a Bitcoiner,
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by TheColorYellow 6y ago
He's still recommending blockchain. Four years after writing the initial article, you think it'd be easier just to say its worthless...but he didn't. There's quite a bit of spirited discussion regarding these points else
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by TheColorYellow 6y ago
Digital ownership expressed through blockchain could certainly make it more difficult for others to own the good. This would be dependent on the configuration of the NFT, but if done this way it certainly would meet the definition of a riva
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by TheColorYellow 6y ago
> It accepts that digital recreations are easy and doesn't seek to prevent them yet still provides scarcity and reward for the effort in producing it. I like this description quite a bit. Im obviously a believer already, but this is
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by TheColorYellow 6y ago
> unless you assert ownership entitles you to additional legal rights beyond what the token convey This is precisely the idea to a certain extent. The ledger serves as proof of ownership which then allows access to entitlements dictated
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by TheColorYellow 6y ago
Search "govops ca kai stinchcombe" and you'll see the doc. > So, not even the value proposed by blockchain but the hypothesis of the value? Of course. This is a nascent and emerging market. To act as if this is anything bu
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by TheColorYellow 6y ago
Rephrasing your questions and critiques more broadly: What is the point of all this digital infrastructure if no one uses it? Why would anyone use it? This is a more difficult question for NFTs as the market is even smaller than the financi
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by TheColorYellow 6y ago
This same author can be seen here recommending blockchain technologies to the CA government here: https://www.govops.ca.gov/wp-content/uploads/sites/11/2020/0... If you're not willing to consid
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by TheColorYellow 6y ago
> What is its potential? What can someone do with NFTs that they couldn't do before? The novelty comes from the underlying protocols that back the NFT. These protocols create marketplaces that are widely available and accessible and
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by TheColorYellow 6y ago
Pretty bad take on NFTs. There are numerous configurations, networks, and commercial structures that can be created for NFT offerings that can mitigate "problems" described in the OP and accommodate for different tradeoffs. A simp
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by TheColorYellow 6y ago
Newly in a similar situation myself. Are there tax implications in the US for doing this type of transfer monthly?
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by TheColorYellow 6y ago
This is an excellent response and I wish it was a bit higher up for people to see. My only retort to your points would be that much of what you've described is still in nascent stages or at best, early go-live. I'm rooting hard fo
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by TheColorYellow 6y ago
> What sort of applications most excite you? Outside of crypto, there are many areas within industries which require the sharing and use of data across multiple organizations, markets, and even intra-industry. Think of Healthcare and the
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by TheColorYellow 6y ago
I work in a similar sector but have a strong belief that the software delivery can and should become a capability that occurs within the government. They should be diligent in what capabilities they choose to support. And ruthless in contin
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by TheColorYellow 6y ago
> On an unrelated note, start preparing yourself for a neo-feudal society now What would it mean to prep for this? What would a neo-feudal society actually look like?

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