MarkBeylin
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Hypothesis: Bitcoin will go through another fork in the next 12-18mo, as the community once again asks the question: should the chain remain untouched or should it evolve?
Bitcoin Knots, the client software that helps miners block "spammy" transactions, is currently witnessing their usage surge to over 10% in the last few months as miners say no to validating transactions with discounted storage (as introduced by SegWit).
According to Peter Todd, Bitcoin needs a a soft fork to accomplish the goal of properly blocking "spam" (https://t.co/FTFAI3TbUd) but my hunch is that this ends up stirring a larger debate about:
- who really controls Bitcoin today
- what actual Bitcoin holders want from the protocol moving forward
- what are the mechanisms by which the community finds social consensus while crossing the chasm to institutional/nation-state adoption
It's still unclear to me how exactly this ends, but honestly I couldn't be more excited to watch it unfold again. Evolve or repeat!
Bitcoin Knots, the client software that helps miners block "spammy" transactions, is currently witnessing their usage surge to over 10% in the last few months as miners say no to validating transactions with discounted storage (as introduced by SegWit).
According to Peter Todd, Bitcoin needs a a soft fork to accomplish the goal of properly blocking "spam" (https://t.co/FTFAI3TbUd) but my hunch is that this ends up stirring a larger debate about:
- who really controls Bitcoin today
- what actual Bitcoin holders want from the protocol moving forward
- what are the mechanisms by which the community finds social consensus while crossing the chasm to institutional/nation-state adoption
It's still unclear to me how exactly this ends, but honestly I couldn't be more excited to watch it unfold again. Evolve or repeat!
Crypto is finally growing up (pivoting from Schedule 2 drugs to Type 2 fun)
Reminder that @BoostVC is still actively writing $50k checks into builders at the earliest stages
If you're thinking of leaving your boring job and need a bit of funding to get your experiments off the ground, send in an application →
If you're thinking of leaving your boring job and need a bit of funding to get your experiments off the ground, send in an application →
Had a realization last night that when I do finally get down on one knee, the best thing I will be able to stake in that moment will be my cryptopunk, not some diamond
NFTs are basically the only flag artists can plant in the ground to fight the sweeping tsunami of AI content creation
I have no idea what the future of art looks like but my hunch is that the seeds of the new thing will be planted in NFTs
I have no idea what the future of art looks like but my hunch is that the seeds of the new thing will be planted in NFTs
NFTs are basically the only flag artists can in the ground to fight the sweeping tsunami of AI content creation
I have no idea what the future of art looks like but my hunch is that the seeds of the new thing will be planted in NFTs
I have no idea what the future of art looks like but my hunch is that the seeds of the new thing will be planted in NFTs
New Essay: Competing to Build The Next Yellow Brick Road
In this piece I argue that the winning ecosystem in crypto will be the one that manages to bring together all four key archetypes onto one chain: the cryptoanarchists, the degen gamblers, the bankers, and the unbanked
In this piece I argue that the winning ecosystem in crypto will be the one that manages to bring together all four key archetypes onto one chain: the cryptoanarchists, the degen gamblers, the bankers, and the unbanked
Crypto is only going to get more sophisticated over the next few years— the products will be much more serious but so too will the scammers
I remain bullish on people in crypto who prove again and again they can rise above the midwit nihilism and find ways to create meaning/value on their own
There’s nothing sad and boring about the old meta dying; this is a prerequisite for the new thing having the space to grow!!!
There’s nothing sad and boring about the old meta dying; this is a prerequisite for the new thing having the space to grow!!!
We're raising $9M on $81M for our new L1 called crimechain which is specifically designed to help scale crime
“Stablecoins are now comparable to trad fi, look at how low the transaction fees are on L2s”
Ok now what about the 1-3% tax I have to pay to turn my bank account USD into onchain USDC (and back)?
Ok now what about the 1-3% tax I have to pay to turn my bank account USD into onchain USDC (and back)?
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