Crypto > AI: # In AI, six companies control nearly everything through GPUs: Nvidia, Microsoft, Amazon, Google, Oracle, and Meta. OpenAI—arguably the best-positioned to become a “supercompany”—can barely keep things together, even with a founder who’s been a Silicon Valley insider for 20 years, has backed thousands of companies, and has connections with the most powerful people in the Valley. In…
The crypto industry has been around for about 15 years, and many people have identified recurring patterns. One pattern I’ve noticed is what I call the crypto innovation cycle. This cycle began with Bitcoin and consists of four phases. Phase 1 — Invention # In this phase, a new paradigm is invented. This idea typically reimagines something traditionally done differently, but crypto enables it to…
Imagine taking the team game of soccer and making it remote: Each player plays on a small VR mat in their home. The ball is tracked by cameras and sensors. Players wear VR headsets to play. Some haptic feedback simulates touching the ball. An audio system coordinates everything. Virtual stadium backgrounds provide the field environment. You can probably think of many more examples, but this is how…
I presented a design concept called Token Actions that makes crypto easier to use by removing the concept of dapps and attaching actions directly to tokens. Token Actions are extensible, so they work on groups of tokens as well as individual tokens. We are going to cover 6 advanced Token Actions to see how users would interact with more complex DeFi protocols. Borrow # Use ETH as collateral to…
Every application in crypto starts by showing you a list of tokens. The problem is that these apps leave it up to the user to figure out what actions can be performed on those tokens, identify the protocols that enable these actions, and find the correct (and safe) websites to interact with the protocols. The current interaction model is: Token → Dapp → Protocol → Action → Token Dapp Protocol…
In 2013 when I first got into Crypto, the main program you used was a wallet and it was very simple. You send tokens and look at your balance. Since Bitcoin was the only token I was holding, I really didn’t need anything more than a balance. By 2016, more and more coins were gaining popularity. All of a sudden you were holding multiple tokens like Dash, Monero, and Litecoin. This meant that you…
This is a timeline of the Farcaster meme coin scene. Warps (Nov 2023) https://warpcast.com # This is a Farcaster/Warpcast native token that emerged around the time when other platforms were creating offchain points systems. Companies are adopting this approach as a way to circumvent paying royalties to Apple and Google, as well as to avoid scrutiny from the SEC for selling a security. Other…
A lot of people have been asking for my thoughts on the ETF and what I think it will do to the price of crypto. To get the answer, we need to travel back to 1978 when Congress passed the Revenue Act . This bill included Section 401(k), which provided employees a tax-free way to defer compensation from bonuses or stock options. In crypto, the mechanics would be: Stake • Hold until 59½ • Early End…
Measuring the New Power Metric # Have you ever considered what truly determines your ability to influence the world around you? Beyond wealth and status, there lies a concept poised to redefine personal empowerment: the Sovereign Ratio. The Sovereign Ratio is a metric that quantifies your capacity to act independently and shape your environment. It’s a balance between being bound by external…
The battle for consumer’s attention is increasing and winning products will be the ones that provide relevant and accurate suggestions. In the late 90’s there were over 20 search engines categorized by different dynamics and chracretists. Some were manually curated and others used web crawlers to create a graph of links between websites. Regardless of the technique used to build the search index,…