It’s not just gas fees. The whole persistence model is like eeprom. Write operations are like flashing in embedded programming. Need a throwaway state on top that gives up some trustless verifiability for convenience for the less critical stuff.
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Like if you wanted to use NFTs as tokens in a decentralized wallet-to-wallet game, where do hold game state? In a Web2 style db layer? That seems wrong. But it also seems silly to store game state on chain.
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Okay fine not necessarily state, but *some* controlled transient persistence model that’s decoupled from browser session but is less expensive/permanent than on-chain, while still being Web3 native paradigm-wise.
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State is usually bad. What you really want in most situations are values and references (see infoq.com/presentations/ and infoq.com/presentations/).
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This seems like the beginnings of an answer, though you need opensea to be a TTP temporarily. It’s not quite p2p decentralized state.
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Well, I guess I had to dabble in at least 1 memecoin. Sent 0.042E (about $200 rn) to the project that's trying to buy a copy of the US constitution at auction. tx succeeded and I claimed my tokens, but I don't see tx or message on the juicebox feed yet 🧐
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If it doesn't make it, then instead of getting the stake back, I'd like to see it being used to do something else, like maybe draft a new constitution. There is some really good energy here. And I'm not the only one to gesture at 42 in the contributions, I see a few 42s in there.
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Oh shit, this is a financial flash mob
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If this works, it will basically kill kickstarter/gofundme etc.
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Ah here we go! Couldn't come up with a better message on short notice. Some of the messages on there are fun.
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Worthwhile note of caution. In this case, I happen to know a couple of the people driving this, and it's both a fun experiment and driven by the right people for the right reasons, but like all tech, it's definitely a double edged sword.
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The @ConstitutionDAO sets off so many alarm bells I’m afraid I might go deaf. A
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I’m hitting pause on more serious experiments for now. Beginning to understand why gas problem is a rate limiter. It’s not just that it cuts into any profits but that it limits who else can participate in anything you do. Might save them for next crash-slump or Solana/polychain.
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I’m sure bitcoin is technically capable of going most places newer chains are, but my skepticism of it is now primarily cultural. Feels like core community has too much gravitas to do anything besides compete with gold and hold the political line re self-custody etc.
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Replying to @vgr
I mean, Bitcoin is fun, too. Lightning, statechains and liquid, stacks (I mean I wouldn’t use it but I’m sure it’s fun). And it’s all super cheap. Plus Bitcoin just got a real upgrade, promise fulfilled (taproot). Create the shelling point if you can’t find it, that’s fun, too.
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So an interesting thing that's happening due to Web3 (though the pattern existed before) is that Twitter is turning into the de facto identity verification service. So you're going to see people tweeting addresses etc. to link twitter accounts, like this.
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EJtxPdbCLugvC2UXBjYfN6PufV2HJHUBMaH6s31Q49EL
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The above is me verifying my solana wallet address so people can send me sol using my twitter handle. This sort of use reminds me of the trajectory of email from pure comms to identity verification loops (verify links in email) and in general, media aging from human to bot use
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Over the years, my email address has gone from primarily human "letter writing" to primarily bot-procedural-transactional + newsletters, as actual human comms have increasingly moved to messaging apps. I really only use email in "human" ways for consulting notes now.
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And interestingly it goes back to paper even. When I was a kid, most paper mail we received was... actual letters and postcards. Transactional letters were rare. Now, the only thing I receive besides junk mail is official communications, automatically mailed.
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True of outgoing too. The only paper I ever mail is stuff that requires official signature and they won't take scans or faxes, like government stuff. Increasingly though, digital signing is killing that... but with weird gaps.
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Interesting example: I have to file taxes in India because I have a bank account there, and the filing is electronic, but they have a verification form called ITR-V. Now normally this too can be done electronically via bank account link, but for it doesn't work for non-residents.
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So one of the only paper mailings I do is every damn year I have to send the ITR-V form signed to the Indian IT department :D (only worth it because as a non-resident, I can actually claim back all the auto-deducted tax on interest on the bank account...)
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But it's interesting that one of the things that *doesn't* seem to change from paper to web1 to web2 to web3 is a need for identity verification loops, whether official KYC needs, or soft verification of twitter etc
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A bit off topic, but I thought this note I just posted on the discord might be of more general interest to Web3 crowd re: post-Discord social coordination tooling. Poses a "mangrove" UX problem to create something that's somewhere between a stream and garden UX.
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Funny and potentially worrying thing, the superficially inclusive wagmi sensibility does not extend as far as claimed. Web3 has a very definite outgroup: all of tradfi, including hybrid things like coinbase that are centralized and have one foot in crypto world, one in fiat.
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I got a bit of shit for delegating my ENS votes to Coinbase. It seems to be viewed by hardcore Web3ers as something between disappointing gaucherie to tribal betrayal. If you think that might want to reflect on the fragility of ‘wagmi’.
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The presence of Coinbase (and all of Gen 1 crypto scene founded 2009-14) is healthy, should be welcome, and a real first test of wagmi claims. If you can’t even tolerate an older sibling, you’re ngmi with the other 7.4999 billion people on the planet and wagmi would be hypocrisy.
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Not to mention kinda clueless since so much of Web3 investment is from VC firms that also drove the first generation of innovation.
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This is partly why I’m not using the lingo except occasionally ironically. And limping avoiding even the ironic use. This thing has a shot at being genuinely open and inclusive and it would be a pity if it didn’t live up to that.
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Of course doesn’t mean the ethos shouldn’t be defended against hostile takeovers/co-option by old empires striking back, etc. But there’s ways to do that that don’t devolve into tribalism or insularity.
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Replying to @vgr
You would do that, wouldn't you.
Good luck on your migration, also. I just cancelled my web hosting account a few months ago and bought a plot on Decentraland. All the way with me
Not sure how long I'll even be on places like these anymore.
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Okay this thing is too heavy for my poor old 2015 dual core MBP, and fan came on loudly, so I'm gonna wait for my powerful new 16" MBP with M1Pro to arrive before doing any metaversy shit. Checked it out and created avatar though.
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Parking a thought here, cf my earlier point about deep play and shallow play. An orthogonal axis is high-roller vs. low-roller. Normally, high-rollers are also deep players, but I suspect there's an inversion of sorts going on here. Big spending != deep playing.
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Ideas for nonfungible things are nonfungible. Ripoffs with only cosmetic differentiation are low value.
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Another ape ripoff, this one is a part of ApesOfSpace, 10,000 space monkeys that are now largely worthless
opensea.io/collection/ape
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Does transaction volume on ethereum generally go down with price? Ie does gas price go down with price in ether terms (not dollar terms)?
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I've been mulling perhaps the most common first question people ask about NFTs. What rights do you get? The copyright for any artwork associated with the NFT, whether it is a mutable URL or an immutable IPFS object, remain with the original maker. So the NFT grants nothing.
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The scam side potential of this is obvious. Now you *could* assign rights along with the minting, in which case what you're really doing is putting a regular copyright assignment contract on the blockchain, but this seems somehow underwhelming. Just... use a paper contract?
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I also don't like analogies like collectibles, autographs, maing-a-star etc. I think that's selling the concept short. I think what an NFT is, is a "right to future rights."
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Viewed as a verifiable n/m pointer to an object, you now have a way to reference and work with everything derived from the thing being pointed to. Say I create a set of characters and sell as NFTs. Later, I create a game where those characters are live action playables...
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In regular work-for-hire copyright, if derivative works are of value, the maker will, for the agreed compensation, blanket assign *all* rights to the buyer/commissioner, including reproduction, new media, derivatives, blah blah blah. It's a nuclear option.
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But NFTs create a mechanism for fine-grained rights *optionality.* If I make a game with my characters for example, then perhaps the holder of the NFT is suddenly granted airdropped the right to pick game characteristics of the character. You don't have to know ahead of time.
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This is kinda like how land rights evolved. Until there were airplanes, airspace rights above land were meaningless. Buying land doesn't give you limitless rights to pump groundwater, but might grant you *some* rights. Mineral deposit rights may or may not go with the land
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The ability to define and sell pointers to future rights I think is a powerful programming mechanism for rights management. Right now, this is based on trust of the creator, but I think norms will emerge.
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