zachmx

8 ms·

1.
by zachmx 5y ago
We do that today because we are incentivized to acquire monopolies. Or in other words housing and other generalized assets that use a typical ownership model. If individuals can't "own" property, but instead "possess&qu
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by zachmx 5y ago
Explained simply, while there are indeed users acting as the middle man verifying transactions, you don't have to worry about trusting them because the system is built in a way where you know exactly what they're going to do. To a
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by zachmx 5y ago
ConstitutionDAO exists as a smart contract on Ethereum, not a legal entity. Funds pooled in that contract are spent at the discretion of users in the DAO, by contributing to the DAO you agree to the multisig stipulation (this could vary de
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by zachmx 5y ago
Thanks. If you're willing to expand on your thoughts about blockchains not being necessary to any of the things I described, I would like to hear it. I'm honestly looking for any reason to be wrong on this, and I have yet to fin
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by zachmx 5y ago
The adults in the room don't take it seriously because they're blind to future advances. They think the current system can be upgraded and patched, but at present, that is impossible. It is fundamentally broken. The younger gener
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by zachmx 5y ago
None, but those are just a few I had the imagination to come up with. If you fail to see the value, you will at some point. As Jeff Bezos has been quoted saying, "Your margin is my opportunity." and opportunity right now is ripe
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by zachmx 5y ago
This specific copy of the constitution doesn't belong to the people, it is privately held and being auctioned. But if you are talking about the ideas of the Constitution belonging to the people, then how is that any different than the
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by zachmx 5y ago
I think you're missing the point. What if it became a meme to collectivize around a DAO that meme-ifies fighting climate change? Would that be something that interests you? A good example of someone that already altruistic things for
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by zachmx 5y ago
You have if/then statements that act as a clause allowing you to bypass that system for that specific person. Since all identity will be intrinsically built into the system, you can hypothetically initiate this bypass mechanism which
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by zachmx 5y ago
> The reality is that our socioeconomic disparities will be exacerbated in a digital world, particularly if the majority of content is owned I definitely agree with this sentiment, but if it's not centrally owned by a government or
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by zachmx 5y ago
> Also, unless the game itself is open source and any forks / successors honor the same chain, how is that any better than just storing who owns what in a SQL database? I think future game development in the metaverse actually will
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by zachmx 5y ago
I find this to be a null argument with the potential future development of smart contract wallets that help secure hot and cold assets and require multiple users to sign off on a transaction for cold assets. You can delegate sign off author
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by zachmx 5y ago
This is going to be an unpopular opinion here on HackerNews, but I think that potential protocol is Ethereum. It will be the tool that enables all sorts of Metaverse type things to exist (via NFTs), but I don't think that's where
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by zachmx 5y ago
Just curious, why do you say decentralized trading is incomplete research/vaporware? There are dozens of decentralized exchanges that are up and operating, including sites like Dydx and uniswap. Obviously these are still experimental