interesting: "Every ancient civilization with access to natron knew how to make waterglass. We see evidence of this everywhere (scoopmarks). And undoubtedly, they had access to wood ash. The question is whether they tried to mix the two. If they did, they could have created artificial stone."
https://natrontheory.com/
Reflecting on Tulip Mania, which ended when the price of a tulip bulb reached the value of a house, it becomes evident that housing and food serve as psychological reference points in our lives. As long as these essentials remain secure, we feel comfortable speculating. However, when speculation begins to impact these two fundamental aspects, it serves as a wakeup call to reality.
Reflecting on Tulip Mania, which ended when the price of a tulip bulb reached the value of a house, it becomes evident that housing and food serve as psychological reference points in our lives. As long as these essentials remain secure, we feel comfortable speculating. However, when speculation begins to impact these two fundamental aspects, it serves as a wakeup call to reality.
When we consider the extent to which we create stories and become immersed in fiction, it appears that our minds are more inclined toward generating and immersing in fictional worlds than dealing with reality. Is this tendency a misadaptation, or does it actually reveal the profound truth that social bonding around stories plays a much larger role in survival than we often acknowledge?
I believe that this was alrady the reason for the almost constant parity of 1€=1 USD. It's just a more practical psycho-technological tool to have a single unit.
Now that we have countless methods for efficiently measuring value through myriad cryptocurrencies, perhaps we can finally realize the true essence of a universal currency unit: a purely psychological and metaphorical construct, free from any ties to physical or virtual scarcity.
The value of using twetch for me was always more as a way to put thoughts onchain that I might want to refer back in the future (probably through feeding it into an AI btw).
And I think that's a much stronger selling point for an early-stage onchain social network than "earn from your posts". https://twetch.com/t/962ea94876147ce848381b506fd94ef2960fa50c380edb3fae75beefe5e8202a
For an example of "additional options", one could make the case in favor of a digital product's price experiencing a halving correlated with its reach and/or time passed, without an explicit expiration date.
This approach would align with the organic diffusion of intellectual concepts, as opposed to resisting it. When coupled with strategic incentives discouraging illegal sharing, this solution could turn out to be a better and more voluntary solution than current/enforcement-driven measures.
Concerning the notion that art and songs shouldn't be bound by copyright expiration dates:
The reason for this seems more practical than logical. In the case of information-first products, valuable content tends to spread over time, be it through legal or illegal means, integrating itself into the fabric of culture. Whether it's a Mona Lisa image, a Beethoven's 5th Symphony audio file, or the ideas within an ebook, there's a cost/reward dynamic in play when it comes to enforcing property rights.
As digital goods become increasingly stored/known by like half the population, the question arises: What's the cost/reward ratio of enforcing Intellectual Property (IP)?
In a hypothetical world where an efficient, low-cost solution for enforcing IP on digital products existed, more voices might advocate for perpetual IP, aligning with the principles applied to physical goods.
However, given the absence of such a solution, the more an information product spread...
It is a shame for the crypto builders & community that we are on the verge of being able to invest in a Bitcoin ETF within traditional finance, while the possibility of investing in a stock-market token on the blockchain remains a pipe dream.
Novelty theory predicts which fork of Bitcoin will succeed. The more a system allows its users to create novelty, the likelier it is to thrive. Think of novelty as an early indicator of human desire—since we're always naturally drawn to fresh and innovative experiences.
A patent that has not been turned into an actual product or is not currently under use (with proof that you are using it for example with investment into R&D) should be nulled. Eventually I believe we will find a much better way to implement patents than what we have now. Also having proof that you have been building something (using blockchain timestamping for example) before another one filed a patent, should be enough to give you the right to keep going with 0 fees.
The shitshow Ordinals are causing on BTC is very entertaining for sure !
About sats I am not sure I understand what you mean since RUN transactions also have sats attached to them, that's how you track the UTXOs in your wallet.
Ordinals might be good to gain a little more exposure on what BSV can do, but my guess is as long as "BSV" is a brand, it will fail. I only see it succeeding when it becomes plumbing, and users are not even aware of it
Privatization is a consensus technology. Let me explain.
In the absence of humans, natural ressources remained untapped, which is quite logical. However, as human population increased, tribes began to exploit these ressources. This led to depletion and endangered the tribe survival. Over time, tribes that agreed on a consensus mechanism to privatize resources thrived and survived better. It was one of the first technologies invented by humankind.
With the help of this technology, the market economy has grown and expanded to cover the entire planet. As privatized resources become scarce, their prices increase which in turn encourages innovation and the efficient use of resources. Where some resources are still not privatized, they remain exploited to exhaustion.
Therefore, we should consider privatization as a technology in its own right, one that humanity is constantly seeking to improve with each generation. Its current form is still sub-optimal, and we should strive to im...