In this community, I’m expecting to focus on internet technologies from the perspective of programming, project management, and sometimes business planning. The majority of my career has been consultation in the area of web application development; though, I have prioritized decentralized internet solutions in recent years. My posts will typically be
A man wandering in the wilderness looking for truth encounters a dragon who says “Give me your treasure or I will take your life”. But the man only had his life to give so he pulled out his birthright and slayed the dragon. Another day the man found a walled city with many people. He asked a man of the city “Where is your birthright? How do you protect yourself?”. The city man assured him “These walls are strong and the city is safe. We can leave our birthrights at home and live freely without fear.” So the wandering man made a home and prospered in the safety of the city.
Then one day a messenger came to the door saying “Our scouts have seen a monstrous beast coming towards the city, everyone must give a small piece of their birthright to keep the city safe”. The man replied, “This city has been good to me so I can spare some of my birthright”. The next day the messenger reported that the beast had been conquered thanks to all the people's sacrifice. Some time ...
Societies are groups of people who agree to operate on a set of values that result in systems. People are attracted to systems with rules that lead to prosperity, but how do you unsubscribe from a system when it stops being prosperous? Decentralized apps will enable a marketplace of systems and bottom-up governance that has never been possible before.
Something I often forget to explain when telling people about crypto is what this breakthrough in technology (cryptography) makes possible that was never possible before.
Cryptography allows you to
Let's review the evolution of trading...
Trading assets for other assets is nothing new and it was done quite differently before the invention of banking. Banking began with the simple idea of trading papers that represent assets rather than having to carry those assets around. As long as the bank holding your assets had a good reputation, people would accept those papers trusting that the bank would honor the represented values. This became the standard way to trade as it was much simpler and more efficient. However, this meant that the banks control your actual assets and you just have a piece of paper.
Time revealed the true implications of this model; possession ...