From 2c8c799597c0657fbd093e7c4bba51e802b32d59 Mon Sep 17 00:00:00 2001 From: unrelentingtech Date: Mon, 24 Jan 2022 22:08:35 +0300 Subject: [PATCH 01/26] Add the "Burn It With Fire" presentation video --- README.md | 1 + 1 file changed, 1 insertion(+) diff --git a/README.md b/README.md index f44c1d2..ed5ed93 100644 --- a/README.md +++ b/README.md @@ -43,6 +43,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * [Against Web3 and Faux-Decentralization](https://soatok.blog/2021/10/19/against-web3-and-faux-decentralization/) - 2021-10-19 by Soatok * [The Case Against Crypto](https://www.watershed.co.uk/studio/news/2021/12/03/case-against-crypto) - 2021-12-03 by Martin O'Leary * [The Register: The dark equation of harm versus good means blockchain’s had its day](https://www.theregister.com/2021/12/06/the_dark_equation_of_harm/) - 2021-12-06 +* [Blockchains and Cryptocurrencies: Burn It With Fire](https://www.youtube.com/watch?v=xCHab0dNnj4) - 2018-04-20 by Nicholas Weaver 📺 ### Economists From c9cd29f6e24c3a578da6b57fdd53090cb911e97e Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Tue, 25 Jan 2022 10:34:07 +0100 Subject: [PATCH 02/26] [general][s]: add description for burn it with fire. --- README.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/README.md b/README.md index ed5ed93..3555f54 100644 --- a/README.md +++ b/README.md @@ -43,7 +43,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * [Against Web3 and Faux-Decentralization](https://soatok.blog/2021/10/19/against-web3-and-faux-decentralization/) - 2021-10-19 by Soatok * [The Case Against Crypto](https://www.watershed.co.uk/studio/news/2021/12/03/case-against-crypto) - 2021-12-03 by Martin O'Leary * [The Register: The dark equation of harm versus good means blockchain’s had its day](https://www.theregister.com/2021/12/06/the_dark_equation_of_harm/) - 2021-12-06 -* [Blockchains and Cryptocurrencies: Burn It With Fire](https://www.youtube.com/watch?v=xCHab0dNnj4) - 2018-04-20 by Nicholas Weaver 📺 +* [Blockchains and Cryptocurrencies: Burn It With Fire](https://www.youtube.com/watch?v=xCHab0dNnj4) - 2018-04-20 by Nicholas Weaver 📺 Nicholas Weaver is a staff researcher with the International Computer Science Institute (ICSI) and lecturer in EECS, where he teaches machine structures and computer security. He earned his Ph.D. in computer science from Berkeley in 2003 and joined ICSI to study network security and measurement. "The entire cryptocurrency and blockchain ecology is rife with frauds, criminalities, and tulip-mania style hype and needs to be properly disposed of into the ashes of history. A “blockchain” is just a horribly inefficient append-only file which costs a literal fortune to secure without actually providing meaningful distributed trust, while cryptocurrencies are provably inferior than actual currencies for legal real world transactions. Beyond the sheer uselessness have emerged a whole host of bad ideas, ranging from the “put a bird^H^H^H^H blockchain on it” hype to unregistered (and mostly fraudulent) securities with “Initial Coin Offerings” to an invitation for massive theft in the form of “smart” contracts." ### Economists From 2ceef1398b94d9f416080dc589cb821f60d36d68 Mon Sep 17 00:00:00 2001 From: Steve Song Date: Wed, 26 Jan 2022 16:25:37 -0400 Subject: [PATCH 03/26] Added opinions of several more economists --- README.md | 8 ++++++++ 1 file changed, 8 insertions(+) diff --git a/README.md b/README.md index 3555f54..22e31a4 100644 --- a/README.md +++ b/README.md @@ -52,6 +52,14 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * Yanis Varoufakis [What is money, really? And why Bitcoin is not the answer (even if blockchain is brilliant & potentially helpful in democratising money)](https://www.yanisvaroufakis.eu/2021/08/02/what-is-money/) - 2021-08-02 * Stephanie Kelton [Cryptocurrency and Fiat Money](https://www.youtube.com/watch?v=84wTEf9Acik) - 2017-12-23 * Tyler Cowan [What the Crypto Crowd Doesn't Understand About Economics](https://www.bloomberg.com/opinion/articles/2021-06-21/what-the-crypto-crowd-doesn-t-understand-about-economics) - 2021-06-20 +* Robert Shiller [The Old Allure of New Money](https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05?barrier=accesspay) - 2018-05-21 +* Jeffrey Sachs [Famed economist Jeffrey Sachs rails against Bitcoin: Highly polluting and ‘almost like counterfeiting’](https://fortune.com/2021/03/16/bitcoin-jeffrey-sachs-critiques-btc/) - 2021-03-16 +* Abhijit Banerjee [Nobel Prize Winning Economist Abhijit Banerjee: Is Blockchain the Key to Financial Inclusion?](https://blockchain.news/news/nobel-prize-winning-economist-abhijit-banerjee-is-blockchain-the-key-to-financial-inclusion) - 2020-01-20 +* Amartya Sen [Prannoy Roy's Townhall With Amartya Sen On Economy, Farm Laws: Full Transcript ](https://www.ndtv.com/india-news/prannoy-roys-townhall-with-amartya-sen-on-indian-economy-farm-laws-full-transcript-2385071) - 2021-03-06 +* Steve Keen [Cryptocurrencies, Debt, and the Economy: Steve Keen interviewed by Layne Hartsell](http://www.koreaittimes.com/news/articleView.html?idxno=103792) - 2021-02-17 +* Daron Acemoğlu [The Bitcoin Fountainhead](https://www.project-syndicate.org/commentary/bitcoin-an-appealing-distraction-by-daron-acemoglu-2021-10?barrier=accesspay) - 2021-10-05 +* Richard Thaler [Economics Nobel prize winner, Richard Thaler: “The market that looks most like a bubble to me is Bitcoin and its brethren”](https://econews.pt/2018/01/22/economics-nobel-prize-winner-richard-thaler-the-market-that-looks-most-like-a-bubble-to-me-is-bitcoin-and-its-brethren/) - 2018-01-22 +* Various ['Only good for drug dealers': More Nobel prize winners snub bitcoin](https://finance.yahoo.com/news/good-drug-dealers-nobel-prize-winners-snub-bitcoin-184903784.html?ref=hackernoon.com) - 2018-04-27 ### Ponzi aspect From 3d0dbee24f034eacb1c21f16a72b3cac970aa92f Mon Sep 17 00:00:00 2001 From: Paul-Louis Ageneau Date: Thu, 27 Jan 2022 14:53:19 +0100 Subject: [PATCH 04/26] Add "NFTs Are, Quite Simply, Bullshit" Jacobin article --- README.md | 1 + 1 file changed, 1 insertion(+) diff --git a/README.md b/README.md index 3555f54..c3db978 100644 --- a/README.md +++ b/README.md @@ -92,6 +92,7 @@ Non-fungible tokens. * [OpenSea, Web3, and Aggregation Theory](https://stratechery.com/2022/opensea-raises-money-bans-nfts-openseas-value-cryptos-aggregators/) - 2022-01-05 - Ben Thompson of Stratechery * [Brian Eno on NFTs & Automaticism](https://the-crypto-syllabus.com/brian-eno-on-nfts-and-automatism/) * [Detailed twitter thread by @NFTEthics alleging fraudulent or close to fraudulent behaviour by a major NTF influencer named BeanieMaxi ](https://twitter.com/NFTethics/status/1483051289022017538) - 2022-01-17 ([cached](./assets/Thread by @NFTethics re beaniemaxi.pdf)) +* [Jacobin: NFTs Are, Quite Simply, Bullshit](https://jacobinmag.com/2022/01/nfts-fallon-paris-hilton-bored-ape-digital-imagery-commodification) - 2022-01-26 ### Specific use cases From 47fd6ada56cc8fd1240c5e0a5a6abcf9ddae7bd3 Mon Sep 17 00:00:00 2001 From: Luke Plant Date: Thu, 27 Jan 2022 20:28:54 +0000 Subject: [PATCH 05/26] Use schneier.com link for Bruce Schneier's post The wired.com article is less accessible because you have to sign up to view it. The wired.com link can be kept as an alternative. Also corrected the date as per the post on schneier.com. --- README.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/README.md b/README.md index 3abfd03..6c05b41 100644 --- a/README.md +++ b/README.md @@ -145,7 +145,7 @@ Whilst these users may not solely discuss crypto or web3, they do discuss it reg Best intros/overviews of blockchain, crypto, web3 etc. -* [There's No Good Reason to Trust Blockchain Technology](https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/) - June 2, 2019 by Bruce Schneier +* [On Blockchain and Trust](https://www.schneier.com/blog/archives/2019/02/blockchain_and_.html) - February 12, 2019 by Bruce Schneier. The article also appeared on wired.com as [There's No Good Reason to Trust Blockchain Technology](https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/). - [The Myth of Decentralization and Lies about Web 2.0](https://www.emilygorcenski.com/post/the-myth-of-decentralization-and-lies-about-web-2.0/) - 2022-01-07 by Emily Gorcenski * http://kernel.community - A custom web3 educational community with free learning resources at https://kernel.community/en/learn/ From b862e8ce4687c2fc99743014c7110013e281b108 Mon Sep 17 00:00:00 2001 From: Kyle Stratis Date: Thu, 27 Jan 2022 16:43:01 -0500 Subject: [PATCH 06/26] Adds interview with Yanis Varoufakis --- README.md | 1 + 1 file changed, 1 insertion(+) diff --git a/README.md b/README.md index 3abfd03..7113451 100644 --- a/README.md +++ b/README.md @@ -60,6 +60,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * Daron Acemoğlu [The Bitcoin Fountainhead](https://www.project-syndicate.org/commentary/bitcoin-an-appealing-distraction-by-daron-acemoglu-2021-10?barrier=accesspay) - 2021-10-05 * Richard Thaler [Economics Nobel prize winner, Richard Thaler: “The market that looks most like a bubble to me is Bitcoin and its brethren”](https://econews.pt/2018/01/22/economics-nobel-prize-winner-richard-thaler-the-market-that-looks-most-like-a-bubble-to-me-is-bitcoin-and-its-brethren/) - 2018-01-22 * Various ['Only good for drug dealers': More Nobel prize winners snub bitcoin](https://finance.yahoo.com/news/good-drug-dealers-nobel-prize-winners-snub-bitcoin-184903784.html?ref=hackernoon.com) - 2018-04-27 +* Yanis Varoufakis [Yanis Varoufakis on Crypto & the Left, and Techno-Feudalism](https://the-crypto-syllabus.com/yanis-varoufakis-on-techno-feudalism/) - 2022-01-26 ### Ponzi aspect From bc15842ec5c12790b7fe861eb7515064df9c3a0e Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Fri, 28 Jan 2022 23:23:30 +0100 Subject: [PATCH 07/26] [general][s]: ross anderson 2018 papers on bitcoin and crypto crime and why bitcoin isn't cash. --- README.md | 3 +++ 1 file changed, 3 insertions(+) diff --git a/README.md b/README.md index 52b3630..73f284c 100644 --- a/README.md +++ b/README.md @@ -44,6 +44,9 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * [The Case Against Crypto](https://www.watershed.co.uk/studio/news/2021/12/03/case-against-crypto) - 2021-12-03 by Martin O'Leary * [The Register: The dark equation of harm versus good means blockchain’s had its day](https://www.theregister.com/2021/12/06/the_dark_equation_of_harm/) - 2021-12-06 * [Blockchains and Cryptocurrencies: Burn It With Fire](https://www.youtube.com/watch?v=xCHab0dNnj4) - 2018-04-20 by Nicholas Weaver 📺 Nicholas Weaver is a staff researcher with the International Computer Science Institute (ICSI) and lecturer in EECS, where he teaches machine structures and computer security. He earned his Ph.D. in computer science from Berkeley in 2003 and joined ICSI to study network security and measurement. "The entire cryptocurrency and blockchain ecology is rife with frauds, criminalities, and tulip-mania style hype and needs to be properly disposed of into the ashes of history. A “blockchain” is just a horribly inefficient append-only file which costs a literal fortune to secure without actually providing meaningful distributed trust, while cryptocurrencies are provably inferior than actual currencies for legal real world transactions. Beyond the sheer uselessness have emerged a whole host of bad ideas, ranging from the “put a bird^H^H^H^H blockchain on it” hype to unregistered (and mostly fraudulent) securities with “Initial Coin Offerings” to an invitation for massive theft in the form of “smart” contracts." +* [Ross Anderson et al: Bitcoin Redux: crypto crime, and how to tackle it](https://www.lightbluetouchpaper.org/2018/06/01/bitcoin-redux-crypto-crime-and-how-to-tackle-it/) ([full paper](https://weis2018.econinfosec.org/wp-content/uploads/sites/5/2018/05/WEIS_2018_paper_38.pdf))- 2018-06-01 - Anderson is a Professor of Security Engineering at the University Cambridge. Bitcoin Redux explains what’s going wrong in the world of cryptocurrencies. The bitcoin exchanges are developing into a shadow banking system, which do not give their customers actual bitcoin but rather display a "balance" and allow them to transact with others. However if Alice sends Bob a bitcoin, and they’re both customers of the same exchange, it just adjusts their balances rather than doing anything on the blockchain. This is an e-money service, according to European law, but is the law enforced? Not where it matters. We’ve been looking at the details. + * [Ross Anderson: Why Bitcoin is Not Cash](https://www.youtube.com/watch?v=p9HH_dFcoLc) - 2018-04-10 - 📺 walks through why bitcoin is not cash and the complex legal questions it would need to deal with if it wanted to be. + * [Ross Anderson: Tracing Stolen Bitcoin](https://www.youtube.com/watch?v=UlLN0QERWBs) - 2018-03-23 - 📺 ### Economists From 153361b105733f75da8f3f3cfeddc9c20dc96925 Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Sat, 29 Jan 2022 14:40:59 +0100 Subject: [PATCH 08/26] [general,#28][s]: add simon wardley piece from 2013. --- README.md | 1 + 1 file changed, 1 insertion(+) diff --git a/README.md b/README.md index 73f284c..9d92514 100644 --- a/README.md +++ b/README.md @@ -47,6 +47,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * [Ross Anderson et al: Bitcoin Redux: crypto crime, and how to tackle it](https://www.lightbluetouchpaper.org/2018/06/01/bitcoin-redux-crypto-crime-and-how-to-tackle-it/) ([full paper](https://weis2018.econinfosec.org/wp-content/uploads/sites/5/2018/05/WEIS_2018_paper_38.pdf))- 2018-06-01 - Anderson is a Professor of Security Engineering at the University Cambridge. Bitcoin Redux explains what’s going wrong in the world of cryptocurrencies. The bitcoin exchanges are developing into a shadow banking system, which do not give their customers actual bitcoin but rather display a "balance" and allow them to transact with others. However if Alice sends Bob a bitcoin, and they’re both customers of the same exchange, it just adjusts their balances rather than doing anything on the blockchain. This is an e-money service, according to European law, but is the law enforced? Not where it matters. We’ve been looking at the details. * [Ross Anderson: Why Bitcoin is Not Cash](https://www.youtube.com/watch?v=p9HH_dFcoLc) - 2018-04-10 - 📺 walks through why bitcoin is not cash and the complex legal questions it would need to deal with if it wanted to be. * [Ross Anderson: Tracing Stolen Bitcoin](https://www.youtube.com/watch?v=UlLN0QERWBs) - 2018-03-23 - 📺 +* [Simon Wardley: A Spoiler for the Future of Bitcoin](https://blog.gardeviance.org/2013/11/a-spoiler-for-future-bitcoin.html) - 2013-11-27 - "As you can guess, I'm not a fan of bitcoin. If left unchecked then I find it has the potential to undermine the importance of Government which is actually not good for competition and not good for the market. I hope none of the above happens and would rather see bitcoin disappear in a puff of history." (NB: he predicts massive appreciation in bitcoin and is concerned how it can undermine government and tax revenue.) ### Economists From 26a1eb0b4ba282e34b986ebcd13c7a7c0c4671ea Mon Sep 17 00:00:00 2001 From: Steve Song Date: Sat, 29 Jan 2022 10:22:44 -0400 Subject: [PATCH 09/26] Added new Tyler Cowen, sorted economic articles, added response to Dan Olson --- README.md | 25 ++++++++++++++----------- 1 file changed, 14 insertions(+), 11 deletions(-) diff --git a/README.md b/README.md index 9d92514..6616227 100644 --- a/README.md +++ b/README.md @@ -7,6 +7,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. ### General * [The problem with NFTs](https://www.youtube.com/watch?v=YQ_xWvX1n9g) - 2022-01-21 - by Dan Olson (Documentary) 📺 [👉 Highly recommended 👈] + * [Three things Web3 should fix in 2022](https://www.theverge.com/2022/1/28/22906010/web3-nft-internet-history-video-platformer) a response to The Problem with NFTs - 28 Jan 2022 * Stephen Diehl series - https://www.stephendiehl.com/blog.html * [The Case Against Crypto](https://www.stephendiehl.com/blog/against-crypto.html) - December 31, 2021 - [Blockchainism](https://www.stephendiehl.com/blog/blockchainism.html) - December 11, 2021 @@ -29,7 +30,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. - [The Crypto Chernobyl](https://www.stephendiehl.com/blog/chernobyl.html) - February 10, 2021 - [Gamestop, Bitcoin and the Commoditization of Populist Rage](https://www.stephendiehl.com/blog/gamestop.html) - February 3, 2021 * [Today on Sick Sad World: How The Cryptobros Have Fallen](https://www.jwz.org/blog/2022/01/today-on-sick-sad-world-how-the-cryptobros-have-fallen/) - 2022-01-04 by Jamie Zawinski (legendary coder, co-founder of Mozilla etc.) -* https://moxie.org/2022/01/07/web3-first-impressions.html - 2022-01-07 Moxie Marlinspike, co-founder of Signal etc. +* [Web3 First Impressions](https://moxie.org/2022/01/07/web3-first-impressions.html) - 2022-01-07 Moxie Marlinspike, co-founder of Signal etc. * [Bitcoin, Currencies, and Fragility by Nassim Taleb - 27 Jun 2021](https://arxiv.org/abs/2106.14204) - highly critical paper by author Black Swan etc. * https://watershed.co.uk/studio/news/2021/12/03/case-against-crypto * [The European Money and Finance Forum - The encrypted threat: Bitcoin’s social cost and regulatory responses](https://web.archive.org/web/20220107084533/https://www.suerf.org/docx/f_88b3febc5798a734026c82c1012408f5_38771_suerf.pdf) - Jan 2022. A comprehensive study by SUERF - The European Money and Finance Forum that details the net negative effects of bitcoin to society. @@ -51,20 +52,22 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. ### Economists -* Paul Krugman [Technobabble, Libertarian Derp and Bitcoin](https://nytimes.com/2021/05/20/opinion/cryptocurrency-bitcoin.html) - 2021-05-20 -* Joseph Stiglitz [Nobel Prize Economist Joseph Stiglitz Calls Regulators to Ban Cryptocurrencies](https://deep-resonance.org/2021/10/28/nobel-prize-economist-joseph-stiglitz-calls-regulators-to-ban-cryptocurrencies/) - 2021-10-28 -* Yanis Varoufakis [What is money, really? And why Bitcoin is not the answer (even if blockchain is brilliant & potentially helpful in democratising money)](https://www.yanisvaroufakis.eu/2021/08/02/what-is-money/) - 2021-08-02 * Stephanie Kelton [Cryptocurrency and Fiat Money](https://www.youtube.com/watch?v=84wTEf9Acik) - 2017-12-23 -* Tyler Cowan [What the Crypto Crowd Doesn't Understand About Economics](https://www.bloomberg.com/opinion/articles/2021-06-21/what-the-crypto-crowd-doesn-t-understand-about-economics) - 2021-06-20 -* Robert Shiller [The Old Allure of New Money](https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05?barrier=accesspay) - 2018-05-21 -* Jeffrey Sachs [Famed economist Jeffrey Sachs rails against Bitcoin: Highly polluting and ‘almost like counterfeiting’](https://fortune.com/2021/03/16/bitcoin-jeffrey-sachs-critiques-btc/) - 2021-03-16 -* Abhijit Banerjee [Nobel Prize Winning Economist Abhijit Banerjee: Is Blockchain the Key to Financial Inclusion?](https://blockchain.news/news/nobel-prize-winning-economist-abhijit-banerjee-is-blockchain-the-key-to-financial-inclusion) - 2020-01-20 -* Amartya Sen [Prannoy Roy's Townhall With Amartya Sen On Economy, Farm Laws: Full Transcript ](https://www.ndtv.com/india-news/prannoy-roys-townhall-with-amartya-sen-on-indian-economy-farm-laws-full-transcript-2385071) - 2021-03-06 -* Steve Keen [Cryptocurrencies, Debt, and the Economy: Steve Keen interviewed by Layne Hartsell](http://www.koreaittimes.com/news/articleView.html?idxno=103792) - 2021-02-17 -* Daron Acemoğlu [The Bitcoin Fountainhead](https://www.project-syndicate.org/commentary/bitcoin-an-appealing-distraction-by-daron-acemoglu-2021-10?barrier=accesspay) - 2021-10-05 * Richard Thaler [Economics Nobel prize winner, Richard Thaler: “The market that looks most like a bubble to me is Bitcoin and its brethren”](https://econews.pt/2018/01/22/economics-nobel-prize-winner-richard-thaler-the-market-that-looks-most-like-a-bubble-to-me-is-bitcoin-and-its-brethren/) - 2018-01-22 * Various ['Only good for drug dealers': More Nobel prize winners snub bitcoin](https://finance.yahoo.com/news/good-drug-dealers-nobel-prize-winners-snub-bitcoin-184903784.html?ref=hackernoon.com) - 2018-04-27 +* Robert Shiller [The Old Allure of New Money](https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05?barrier=accesspay) - 2018-05-21 +* Abhijit Banerjee [Nobel Prize Winning Economist Abhijit Banerjee: Is Blockchain the Key to Financial Inclusion?](https://blockchain.news/news/nobel-prize-winning-economist-abhijit-banerjee-is-blockchain-the-key-to-financial-inclusion) - 2020-01-20 +* Steve Keen [Cryptocurrencies, Debt, and the Economy: Steve Keen interviewed by Layne Hartsell](http://www.koreaittimes.com/news/articleView.html?idxno=103792) - 2021-02-17 +* Amartya Sen [Prannoy Roy's Townhall With Amartya Sen On Economy, Farm Laws: Full Transcript ](https://www.ndtv.com/india-news/prannoy-roys-townhall-with-amartya-sen-on-indian-economy-farm-laws-full-transcript-2385071) - 2021-03-06 +* Jeffrey Sachs [Famed economist Jeffrey Sachs rails against Bitcoin: Highly polluting and ‘almost like counterfeiting’](https://fortune.com/2021/03/16/bitcoin-jeffrey-sachs-critiques-btc/) - 2021-03-16 +* Paul Krugman [Technobabble, Libertarian Derp and Bitcoin](https://nytimes.com/2021/05/20/opinion/cryptocurrency-bitcoin.html) - 2021-05-20 +* Tyler Cowen [What the Crypto Crowd Doesn't Understand About Economics](https://www.bloomberg.com/opinion/articles/2021-06-21/what-the-crypto-crowd-doesn-t-understand-about-economics) - 2021-06-20 +* Yanis Varoufakis [What is money, really? And why Bitcoin is not the answer (even if blockchain is brilliant & potentially helpful in democratising money)](https://www.yanisvaroufakis.eu/2021/08/02/what-is-money/) - 2021-08-02 +* Daron Acemoğlu [The Bitcoin Fountainhead](https://www.project-syndicate.org/commentary/bitcoin-an-appealing-distraction-by-daron-acemoglu-2021-10?barrier=accesspay) - 2021-10-05 +* Joseph Stiglitz [Nobel Prize Economist Joseph Stiglitz Calls Regulators to Ban Cryptocurrencies](https://deep-resonance.org/2021/10/28/nobel-prize-economist-joseph-stiglitz-calls-regulators-to-ban-cryptocurrencies/) - 2021-10-28 +* Richard Thaler [Economics Nobel prize winner, Richard Thaler: “The market that looks most like a bubble to me is Bitcoin and its brethren”](https://econews.pt/2018/01/22/economics-nobel-prize-winner-richard-thaler-the-market-that-looks-most-like-a-bubble-to-me-is-bitcoin-and-its-brethren/) - 2018-01-22 * Yanis Varoufakis [Yanis Varoufakis on Crypto & the Left, and Techno-Feudalism](https://the-crypto-syllabus.com/yanis-varoufakis-on-techno-feudalism/) - 2022-01-26 +* Tyler Cowen [The Crypto Crash Strengthens the Case for Crypto](https://www.bloombergquint.com/gadfly/crypto-crash-strengthens-case-for-crypto-s-long-term-future) - 2022-01-27 ### Ponzi aspect From cd0d0efd39895bbd498ca7847b968ad4d3c36aaa Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Sun, 30 Jan 2022 01:40:00 +0100 Subject: [PATCH 10/26] [dao/9][xl]: add a bunch of dao examples collected over last few weeks. --- assets/Pasted image 20220117221812.png | 3 + assets/Pasted image 20220117222844.png | 3 + assets/Pasted image 20220119224910.png | 3 + assets/Pasted image 20220119225539.png | 3 + assets/Pasted image 20220120214330.png | 3 + assets/Pasted image 20220120220845.png | 3 + assets/Pasted image 20220120225045.png | 3 + assets/Pasted image 20220120225319.png | 3 + assets/Pasted image 20220130011152.png | 3 + assets/Pasted image 20220130012621.png | 3 + dao/README.md | 20 +++++++ dao/democracy.earth.md | 7 +++ dao/diatom.fund.md | 28 +++++++++ dao/hive.io.md | 7 +++ dao/hypha.earth.md | 15 +++++ dao/joinseeds.earth.md | 80 ++++++++++++++++++++++++++ dao/panvala.com.md | 7 +++ dao/uniswap.org.md | 51 ++++++++++++++++ dao/yogacoin.tech.md | 5 ++ 19 files changed, 250 insertions(+) create mode 100644 assets/Pasted image 20220117221812.png create mode 100644 assets/Pasted image 20220117222844.png create mode 100644 assets/Pasted image 20220119224910.png create mode 100644 assets/Pasted image 20220119225539.png create mode 100644 assets/Pasted image 20220120214330.png create mode 100644 assets/Pasted image 20220120220845.png create mode 100644 assets/Pasted image 20220120225045.png create mode 100644 assets/Pasted image 20220120225319.png create mode 100644 assets/Pasted image 20220130011152.png create mode 100644 assets/Pasted image 20220130012621.png create mode 100644 dao/README.md create mode 100644 dao/democracy.earth.md create mode 100644 dao/diatom.fund.md create mode 100644 dao/hive.io.md create mode 100644 dao/hypha.earth.md create mode 100644 dao/joinseeds.earth.md create mode 100644 dao/panvala.com.md create mode 100644 dao/uniswap.org.md create mode 100644 dao/yogacoin.tech.md diff --git a/assets/Pasted image 20220117221812.png b/assets/Pasted image 20220117221812.png new file mode 100644 index 0000000..3c6d25c --- /dev/null +++ b/assets/Pasted image 20220117221812.png @@ -0,0 +1,3 @@ +version https://git-lfs.github.com/spec/v1 +oid sha256:7218bc78dcf97f8614598befdec90b8c2098353fae0bb80bd890663b046b2da0 +size 492080 diff --git a/assets/Pasted image 20220117222844.png b/assets/Pasted image 20220117222844.png new file mode 100644 index 0000000..1d407f5 --- /dev/null +++ b/assets/Pasted image 20220117222844.png @@ -0,0 +1,3 @@ +version https://git-lfs.github.com/spec/v1 +oid sha256:0f7f7d78a6430f85357a17141570605156ba95ff40fd7502af3f1bf698a608ca +size 677695 diff --git a/assets/Pasted image 20220119224910.png b/assets/Pasted image 20220119224910.png new file mode 100644 index 0000000..49a71d7 --- /dev/null +++ b/assets/Pasted image 20220119224910.png @@ -0,0 +1,3 @@ +version https://git-lfs.github.com/spec/v1 +oid sha256:2e27976c0d8171c8250b1752aeda4a182edd14510f9dc52527ce5b46a2272b88 +size 1218208 diff --git a/assets/Pasted image 20220119225539.png b/assets/Pasted image 20220119225539.png new file mode 100644 index 0000000..342a301 --- /dev/null +++ b/assets/Pasted image 20220119225539.png @@ -0,0 +1,3 @@ +version https://git-lfs.github.com/spec/v1 +oid sha256:4cc7457cff882d40a78e68f821dc8e8efcb46f02a2a4a6c36979d643ebdcdefa +size 168446 diff --git a/assets/Pasted image 20220120214330.png b/assets/Pasted image 20220120214330.png new file mode 100644 index 0000000..ecfb489 --- /dev/null +++ b/assets/Pasted image 20220120214330.png @@ -0,0 +1,3 @@ +version https://git-lfs.github.com/spec/v1 +oid sha256:84eceedfe85053e2fc649ac02432babeb6a4ef7998505ae4bac3eb785f31f2ca +size 4057513 diff --git a/assets/Pasted image 20220120220845.png b/assets/Pasted image 20220120220845.png new file mode 100644 index 0000000..a3e6341 --- /dev/null +++ b/assets/Pasted image 20220120220845.png @@ -0,0 +1,3 @@ +version https://git-lfs.github.com/spec/v1 +oid sha256:7c744561e889752dcea1768b9ac2c236c04d9cf48477bfc6b729bfa88a3ba0cb +size 2671122 diff --git a/assets/Pasted image 20220120225045.png b/assets/Pasted image 20220120225045.png new file mode 100644 index 0000000..92b72ce --- /dev/null +++ b/assets/Pasted image 20220120225045.png @@ -0,0 +1,3 @@ +version https://git-lfs.github.com/spec/v1 +oid sha256:6e804370115e9a4c0e92f8c4a5f5260139f85bb78ee6ecef8272bc82c5786347 +size 1609545 diff --git a/assets/Pasted image 20220120225319.png b/assets/Pasted image 20220120225319.png new file mode 100644 index 0000000..f62b183 --- /dev/null +++ b/assets/Pasted image 20220120225319.png @@ -0,0 +1,3 @@ +version https://git-lfs.github.com/spec/v1 +oid sha256:7b9aa22bd0d477c5a56b011df2560a651fb9e6dca7dbf2980e1cb84f99a68dc4 +size 431184 diff --git a/assets/Pasted image 20220130011152.png b/assets/Pasted image 20220130011152.png new file mode 100644 index 0000000..6571a0d --- /dev/null +++ b/assets/Pasted image 20220130011152.png @@ -0,0 +1,3 @@ +version https://git-lfs.github.com/spec/v1 +oid sha256:d11a19cd2ee3dbae243b09731e45af6917e7a37224912ce5c21963d7bd45afcf +size 2607172 diff --git a/assets/Pasted image 20220130012621.png b/assets/Pasted image 20220130012621.png new file mode 100644 index 0000000..d45fa4d --- /dev/null +++ b/assets/Pasted image 20220130012621.png @@ -0,0 +1,3 @@ +version https://git-lfs.github.com/spec/v1 +oid sha256:ad2c2b4b43f35f9c04b28f1c02bec025dee14dd58c9c68396b7b5dbd7857743b +size 885818 diff --git a/dao/README.md b/dao/README.md new file mode 100644 index 0000000..53e951a --- /dev/null +++ b/dao/README.md @@ -0,0 +1,20 @@ +# DAOs + +DAO = distributed autonomous organization (originally coined as distributed autonomous corporation but may have had legal issues) + +https://ethereum.org/en/dao/ + +https://ethereum.org/en/dao/#dao-comparison + +![[Pasted image 20220119225539.png]] + +# DAO creation platforms + +* Aragon +* DAOHaus +* Colony + +# References + +* [A comparative analysis of the platforms for decentralized autonomous organizations in the Ethereum blockchain](https://jisajournal.springeropen.com/articles/10.1186/s13174-021-00139-6) (2021) - good overview with useful data on usage and types of dao +* [Overview of Decentralized Autonomous Organization (DAO)](https://mirror.xyz/0xd8159c4DD43FEe99FA86D0BAaCA7a9cC33334864/9_OrgL3oSGZrRn90NsnSOmzB8XvxBgR1Lsu_yqo2MYU) (June 2020) \ No newline at end of file diff --git a/dao/democracy.earth.md b/dao/democracy.earth.md new file mode 100644 index 0000000..e40bd1b --- /dev/null +++ b/dao/democracy.earth.md @@ -0,0 +1,7 @@ +# Democracy.earth + +![[Pasted image 20220120225045.png]] + +Why does it always involve some kind of financialization? + +![[Pasted image 20220120225319.png]] \ No newline at end of file diff --git a/dao/diatom.fund.md b/dao/diatom.fund.md new file mode 100644 index 0000000..d5ebe25 --- /dev/null +++ b/dao/diatom.fund.md @@ -0,0 +1,28 @@ +# diatom.fund + +https://diatom.fund + +> Diatom is a decentralized currency that grows more valuable as our ocean is measurably restored and protected. Members of the DAO vote on projects that restore ocean health and expand our buying power to do so. + +# Analysis + +This is where they explain the model: https://medium.com/@diatomdao/plastic-reduction-credits-prc-whitepaper-pt-3-3-26f6bde1ad34 + +![[Pasted image 20220117221812.png]] + +So ... imagine this was simply a company + +* It sells share to investors ... +* It uses the money to fund removal projects +* It accumulates plastic removal credits (PRCs) which are proof of plastic removal +* It sells those to companies or others who want to see plastic removed who retire them + +Why does it need to be on blockchain? Other than this is a place you can (currently) raise (incredible amounts of) money from investors (in an unregulated way) ... + +Note that in their follow on "How It Works" the financial aspects come first ... + +![[Pasted image 20220117222844.png]] + +### Who is backing it? + +Looks like this back by Brock Pierce (though not absolutely certain). \ No newline at end of file diff --git a/dao/hive.io.md b/dao/hive.io.md new file mode 100644 index 0000000..8aa8de5 --- /dev/null +++ b/dao/hive.io.md @@ -0,0 +1,7 @@ +# hive.io + +## Came out of Steem after Steem taken over by TRON + +https://cryptobriefing.com/what-are-steem-hive-comparison-both-decentralized-content-blockchains/ + +https://medium.com/dapp-com/steem-out-how-hive-blockchain-became-the-decentralized-social-future-after-hard-fork-1754fe2f45a9 \ No newline at end of file diff --git a/dao/hypha.earth.md b/dao/hypha.earth.md new file mode 100644 index 0000000..76eb231 --- /dev/null +++ b/dao/hypha.earth.md @@ -0,0 +1,15 @@ +# Hypha.earth + +Team building [[SEEDS]]. Looks like they are doing a fund-raising round in early 2022 seeking $10m raise at $100m valuation (afaict from [the deck](https://assets.hypha.earth/decks/hypha_pitch_deck.pdf)) + + +![[Pasted image 20220120220845.png]] + + +## Members + +https://dho.hypha.earth/#/members + +## Pitch Deck + + ![[hypha_pitch_deck.pdf]] \ No newline at end of file diff --git a/dao/joinseeds.earth.md b/dao/joinseeds.earth.md new file mode 100644 index 0000000..0647699 --- /dev/null +++ b/dao/joinseeds.earth.md @@ -0,0 +1,80 @@ +--- +aliases: SEEDS +--- + +# Seeds + +Created by [[hypha.earth]]. + +0:32 into the intro video: + + > [Climate crisis, financial system that does not prioritize rights things etc] ... Seeds offers a solution, a movement that allows us to share financial success, distribute value fairly and move towards a common vision of a thriving civilization. Seeds gives humanity the tools to reimagine what money can be and do. A financial ecosystem designed to regenerate our planet. ... a more equal and abundant world ... using cutting edge technology ... no costs to using it and in fact you use it the more value you create ... + +![[Pasted image 20220120214330.png]] + +## Commentary + +Aspiration sounds amazing (as often) + +Here's the detailed PDF with their tokenomics https://joinseeds.earth/pdf/Token-allocation-and-economics.pdf (GDoc version: https://docs.google.com/document/d/1w7CKE73860m9bRxAmeLSIPvfcWHPlYXdJUYP29VIzME/edit#) + +Still struggling to understand how they guarantee distributing value fairly etc. Have scanned entire doc and most of it is about the initial token distribution etc (where so far they have raised around $1.2m) + +Key other doc is the SEEDS Guide: https://docs.google.com/document/d/1C4w9Ol8VGabCIcQDVPDrwcTRoJXBqhrb7VjslwQbUGU/edit#heading=h.sz7ectlzru6d - this is the full "rules of the game". It is a 175 pages long! + +Key questions + +* Why are seeds worth *anything*? What can you use them for? (how do you earn them) +* Why are they trading on exchanges if it is an internal currency? +* Why does the top of their site advertise the price appreciation (see screenshot) if that is not the key point? +* How do they ensure a more equitable economy going forward? + * How does it ... (quotes from p.15 of [SEEDS Guide](https://docs.google.com/document/d/1C4w9Ol8VGabCIcQDVPDrwcTRoJXBqhrb7VjslwQbUGU/edit#)) + * > SEEDS provides a decentralised (actually by-the-people) alternative to centralised governments. + * > SEEDS provides a decentralised (actually by-the-people) alternative to centralised banking. + + +Key info + +* 3k participants as of Mar 2021 / 5k as of May 2021 according to gdoc / pdf +* Currently trading at 7c which is down + + + + +### Built on Telos + +> In contrast, SEEDS is a DApp (decentralized application) built on top of the Telos blockchain, which has its own Block Producers. Because SEEDS doesn’t have its own blockchain, it doesn’t experience this constant sell pressure. + +### Go Live Event ... + +> SEEDS is unique because it doesn’t allow those who have earned tokens by being part of the build team to sell their tokens until after the ‘Go Live’ event. Due to the nature of the Go Live event, at this point, there will be a global economy of organisations willing to accept Seeds as a currency (or the network wouldn’t “Go Live”). So, profits can be realized by making purchases using the Seeds currency itself, rather than requiring exchange (sale) for another financial tool to facilitate their purchase. + +Definition of Go Live event + +> This event will be triggered by a SEEDS community vote and is not anticipated until late 2021 or into 2022. Hypha does not know when this event will take place. This is the moment where development of SEEDS is feature-complete (in line with the Constitution and Game Guide), the community and economy is thriving, and everything is ready for the members to take full control of the ecosystem and start the economic protocols designed to stabilize the value of each Seed. Go Live will require a series of targets to have been reached, including but not limited to: 1. SEEDS contracts passing robust economic and security audits and tests; 2. fully operational decentralized governance over every aspect of SEEDS; 3. N number of organisational allies; 4. N number of Residents and Citizens; 5. N number of regions represented; 6. N monthly Organisation and Member growth rate; 7. a USD to Seeds price floor of at least $0.80 per Seed; 8. N daily volume (liquidity) for Seeds across all exchanges. These targets “N” will be defined and ratified by the SEEDS Citizens before Hypha’s final milestone (Q3/Q4 2021) through decentralized governance. Once these targets are reached, the Citizens can activate ‘Go Live’ through a vote. + +### How to ensure fairness (??) + +> Before ‘Go Live’, the majority of Seeds will be given to people participating in a variety of campaigns and actions to create a more beautiful society. These members may capture the benefit of rising token value as the network matures. +> +> Then, after ‘Go Live’, Seeds will be distributed in a more equitable way than any previous or current financial system, one that is directed towards financing and incentivizing the regeneration of our planet. + +And they then reference another location + +> Note: These protocols are discussed further in the [SEEDS White Deck](https://docs.google.com/presentation/d/1YhS62BjTgfj3LKMKqPK0PKirkXykIrGhg7-0Ksw3N9Y/edit?usp=sharing), part 3 and 4 of the [SEEDS Game Guide](https://docs.google.com/document/d/1C4w9Ol8VGabCIcQDVPDrwcTRoJXBqhrb7VjslwQbUGU/edit#heading=h.sz7ectlzru6d) and favored article: [A regenerative financial system for a thriving global civilization](https://medium.com/joinseeds/a-regenerative-financial-system-for-a-thriving-global-civilization-eebecead5b43) + +### Who's behind it? + +> Hypha: A Decentralized Holonic/Human Organisation (DHO) helping build SEEDS. + +... + +> Hypha may sell up to a total of 5% of the initial Seeds supply. The reason for this small distribution is to ensure the majority of tokens are earned by, and gifted to, those who are healing our planet and communities. Hypha (the organisation helping build SEEDS) does not own SEEDS. Hypha does not own the initial supply of Seeds tokens. It is the Citizens of SEEDS who are in control of how, if, and when these Seeds are distributed. For each milestone, if the SEEDS Citizens agree that Hypha has reached the stated targets, it can release the next round of tokens for Hypha to sell, and so finance Hypha’s continued involvement in the SEEDS project. + +### Risks + +> Hypha as a young company depends on generating adequate funding for the development and expansion of the business. Should Hypha not be successful in generating adequate funding, e.g. in the event of failure of receiving more tokens from SEEDS or direct investment, there is a risk that Hypha cannot develop and expand its business operations as planned and as the case may be has to wholly or partly cease its business operations or even declare itself insolvent. Such a development could have a lasting negative effect on the usability or intrinsic value of the SEEDS Token until they become useless or worthless. However, with SEEDS being a publicly available network - the community has the ability to continue developing SEEDS without the need for Hypha. + +## References + +* https://medium.com/joinseeds/why-you-want-to-accept-seeds-3a3e1a861467 \ No newline at end of file diff --git a/dao/panvala.com.md b/dao/panvala.com.md new file mode 100644 index 0000000..bd2e615 --- /dev/null +++ b/dao/panvala.com.md @@ -0,0 +1,7 @@ +--- +aliases: [Panvala] +--- + +# Panvala League + +![[Pasted image 20220119224910.png]] \ No newline at end of file diff --git a/dao/uniswap.org.md b/dao/uniswap.org.md new file mode 100644 index 0000000..8bacc59 --- /dev/null +++ b/dao/uniswap.org.md @@ -0,0 +1,51 @@ +# Uniswap + +Original and one of the largest [[AMM|Automated Market Maker]]s. + +![](Pasted%20image%2020220130012621.png) + +# Critique + +# https://otherinternet.notion.site/Uniswap-Research-Report-Discord-Governance-Community-eb545f60b0ba4c30af066ca1a855e0fe + +Bigger underlying questions + +> These challenge illustrate a larger problem: **the fundamental tension between the pressure faced by Uniswap Labs to have a coherent and competitive product offering, and its aspiration to create a thriving community culture.** +> +> Uniswap's protocol, and the product offerings built on top of it, are widely used in the crypto space, driving a need to provide a high quality user experience on the product and support front. This is compounded by prominent forks such as Sushiswap, which additionally place Uniswap Labs under significant competitive pressure. But **treating community members as _end-users_ conflicts with the desire to treat them as stakeholders, discussion participants, or governance leaders.** This conflict is visible in the Discord where support crowds out other conversations, but also in the fragmentation of stakeholder types across different platforms, as we address in the next section. +> +> Other crypto projects attempting to [progressively decentralize](https://variant.fund/progressive-decentralization-a-playbook-for-building-crypto-applications/) are likely to face similar problems on their journey. The conditions around a retroactive distribution or other early phases of decentralization matter greatly in setting precedents for participation and space use. + +... + +> Membership in the UGP Slack allows grantees to access influential community members and major token-holders by virtue of being in this chat, and governance discussions often take place here in private. While there is not a specific emphasis on community development within the Slack, the smaller member number and opportunities for repeated interactions over time have created an environment where respectful and meaningful discussion can take place. + +... + +> If an "autonomous" community cannot be created without leadership and direction, ultimately Uniswap Labs must ask itself: what kind of community does it want to have? What should the community orbit around, and why? There are many possible directions this may take. A community of DeFi traders or developers is one opportunity; a thriving culture of governance participants or [public goods](https://otherinter.net/research/positive-sum-worlds/) builder-stewards is another. Each will require its own form of leadership, advocacy, and community development. + +## https://dilendorf.com/resources/uniswap-an-illusion-of-decentralization.html + +> A deeper analysis of Uniswap and its Governance Protocol yields a multitude of questions that suggest the platform may not be as decentralized as advertised. As an initial matter, the Uniswap team provided the community with 60% of the genesis supply of UNI tokens (1 billion) while giving themselves, investors, and advisers the remaining 40%. + +... + +> Moreover, as previously mentioned, Uniswap Labs has now released 3 versions of the Uniswap platform­–the latest in May of 2021. The updated platform allows liquidity providers to set minimum and maximum prices on their portion of any given liquidity pool, otherwise known as “concentrated liquidity,” and allows different pools to be created with different fees. +> +> In essence, the Uniswap team made changes to the Uniswap platform unilaterally, without submitting these changes to the same governance process as any other proposal. The team simply kept the previous version of Uniswap running and dressed up Uniswap v3 as a brand-new platform. +> +> How is this any different from a central party having authority and control over a network so as to dictate the future value of that network’s native token? And what is to stop Uniswap community members from believing Uniswap Labs will continue to release updated versions of the platform, regardless of how the community votes to change the current protocol? + +### De facto centralization + +> Reaching these totals is no easy task. And as more votes are spread across more delegates, the goal of achieving the required quorum becomes increasingly difficult. What is more, the issue of low voter turnout only adds to this difficulty. What results is a largely inefficient system where governance proposals seldom make it to the proposal stage; and, when they do get past the 1% threshold, rarely make it past the 4% quorum required to pass them. +> +> On the other hand, several Ethereum addresses have accumulated a significant amount of UNI tokens by way of delegation. These addresses, also known as “whales,” act as proxies for UNI holders who do not want to vote themselves but trust the given address to vote in the best interest of the protocol and Uniswap community. +> +> These whales include several major platforms such as Compound, Gauntlet, and Dharma, and many prestigious Universities, including Harvard Law, UC Berkley, Stanford, and MIT. Each of these addresses holds more than 2.5 million UNI tokens, with the largest holding up to 15 million. Can the governance protocol be described as decentralized when only a few addresses can team up and unilaterally change the protocol or governance treasury? + +### Control by Uniswap labs + +> Additionally, Uniswap Labs announced on Twitter that they have started restricting access to a number of tokens at app.uniswap.org, stating “[t]hese changes pertain to the interface at app.uniswap.org – the Protocol remains entirely autonomous, immutable, and permissionless.” It is quite ironic that the Uniswap Labs team asserts that the Protocol remains autonomous, immutable, and permissionless in the same tweet they announced they will be restricting access to tokens. + +How can the Uniswap team have control over the User Interface (UI) and access to tokens but claim that the platform is “entirely” decentralized? Is it even possible to have a decentralized network when the UI is controlled by a central authority? \ No newline at end of file diff --git a/dao/yogacoin.tech.md b/dao/yogacoin.tech.md new file mode 100644 index 0000000..8d78676 --- /dev/null +++ b/dao/yogacoin.tech.md @@ -0,0 +1,5 @@ +# YogaCoin + +![](Pasted%20image%2020220130011152.png) + +![](YogaCoin%20-%20World's%20first%20Dividend-paying%20Blockchain-based%20Multipurpose%20Cryptocurrency%20for%20the%20$2.7%20Trillion%20Holistic%20&%20Wellness%20Industry%20backed-up%20by%20Real%20Estate.pdf) \ No newline at end of file From ae67d1dd16df1442d28f12e1ec25a660922d099f Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Sun, 30 Jan 2022 01:48:58 +0100 Subject: [PATCH 11/26] [glossary/AMM][s]: BIS paper and its reference to shubik and shipley. --- glossary/AMM.md | 5 ++++- 1 file changed, 4 insertions(+), 1 deletion(-) diff --git a/glossary/AMM.md b/glossary/AMM.md index 9ebd049..199375e 100644 --- a/glossary/AMM.md +++ b/glossary/AMM.md @@ -53,4 +53,7 @@ Uniswap is iterating to favor "professional players": ## References * https://academy.binance.com/en/articles/what-is-an-automated-market-maker-amm -* https://twitter.com/HideNotSlide/status/1386358389240958977 - someone getting excited about not having transparent market makers as if this is something innovative but what about e.g. https://en.wikipedia.org/wiki/IEX \ No newline at end of file +* https://twitter.com/HideNotSlide/status/1386358389240958977 - someone getting excited about not having transparent market makers as if this is something innovative but what about e.g. https://en.wikipedia.org/wiki/IEX +* https://www.bis.org/publ/qtrpdf/r_qt2112v.htm - good brief overview from BIS. Note interesting footnote (no 2): + § + > The AMM trading mechanism shares similarities with the framework of Shapley and Shubik (1977), which ensures market-clearing. See L Shapley and M Shubik, "Trade using one commodity as a means of payment", Journal of Political Economy, vol 85, no 5, pp. 937–68, and H S Shin, "Comparing the robustness of trading systems to higher-order uncertainty", Review of Economic Studies, vol 63, no 1, pp. 39–59. From be40133c8a923b1a5f2d778ead16fc364ec74280 Mon Sep 17 00:00:00 2001 From: Steve Song Date: Sun, 30 Jan 2022 09:32:22 -0400 Subject: [PATCH 12/26] Added Guardian article on crypto energy consumption --- README.md | 5 +++-- 1 file changed, 3 insertions(+), 2 deletions(-) diff --git a/README.md b/README.md index 6616227..2b3b7d0 100644 --- a/README.md +++ b/README.md @@ -82,9 +82,10 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. ### Crypto and energy consumption -* https://digiconomist.net/bitcoin-energy-consumption -* https://newyorker.com/news/daily-comment/why-bitcoin-is-bad-for-the-environment +* [Bitcoin Energy Consumption Index](https://digiconomist.net/bitcoin-energy-consumption) +* [Why Bitcoin Is Bad For The Environment](https://newyorker.com/news/daily-comment/why-bitcoin-is-bad-for-the-environment) - 2021-04-22 * [Energy power usage CryptoArt, ETH, Blockchain spreadsheet](https://docs.google.com/spreadsheets/d/1hzzxMbytOZ1mYl9kLh_SvM6kne6JI_mdCfHIoNapr5M/edit#gid=0) +* [How Do We Solve Bitcoin's Energy Problem?](https://www.theguardian.com/technology/2022/jan/30/how-do-we-solve-bitcoins-carbon-problem) - 2022-01-30 ### Scams/frauds From 6d6d25a892db1b9e23f0a07f6a224bc8c21b59d9 Mon Sep 17 00:00:00 2001 From: Luke Plant Date: Thu, 3 Feb 2022 13:42:33 +0000 Subject: [PATCH 13/26] Added some links from a Christian perspective. --- README.md | 7 +++++++ 1 file changed, 7 insertions(+) diff --git a/README.md b/README.md index 2b3b7d0..6a25a44 100644 --- a/README.md +++ b/README.md @@ -148,6 +148,13 @@ Whilst these users may not solely discuss crypto or web3, they do discuss it reg * [Money and Payments: The U.S. Dollar in the Age of Digital Transformation](https://www.federalreserve.gov/publications/money-and-payments-discussion-paper.htm) - provides a high level overview of the current state of central bank and private sector currencies in the US, and identifies risks and challenges with the implementation of a central bank digital currency. From the paper summary: "The paper summarizes the current state of the domestic payments system and discusses the different types of digital payment methods and assets that have emerged in recent years, including stablecoins and other cryptocurrencies. It concludes by examining the potential benefits and risks of a CBDC, and identifies specific policy considerations." +### Religious angles + +#### Christian + +* [What you should know about Bitcoin](https://www.thegospelcoalition.org/article/faqs-know-bitcoin/) by Joe Carter. A well-researched, accurate introduction to Bitcoin from a Christian perspective, 2017-12-27. +* [Ask the Economist: Should a Christian Invest in Bitcoin?](https://www.thegospelcoalition.org/article/christian-invest-bitcoin/) by Greg Phelan, 2021-10-27. + --- ## What is blockchain/web3 etc From 435580c6e29076bf22fc9c6c2d11d29e6253bb5a Mon Sep 17 00:00:00 2001 From: Max Arnold Date: Thu, 3 Feb 2022 23:43:12 +0700 Subject: [PATCH 14/26] Add posts by Kai Stinchcombe and Jesse Frederik Fixes https://github.com/rufuspollock/awesome-crypto-critique/issues/28 --- README.md | 4 ++++ 1 file changed, 4 insertions(+) diff --git a/README.md b/README.md index 2b3b7d0..e804fdf 100644 --- a/README.md +++ b/README.md @@ -49,6 +49,9 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * [Ross Anderson: Why Bitcoin is Not Cash](https://www.youtube.com/watch?v=p9HH_dFcoLc) - 2018-04-10 - 📺 walks through why bitcoin is not cash and the complex legal questions it would need to deal with if it wanted to be. * [Ross Anderson: Tracing Stolen Bitcoin](https://www.youtube.com/watch?v=UlLN0QERWBs) - 2018-03-23 - 📺 * [Simon Wardley: A Spoiler for the Future of Bitcoin](https://blog.gardeviance.org/2013/11/a-spoiler-for-future-bitcoin.html) - 2013-11-27 - "As you can guess, I'm not a fan of bitcoin. If left unchecked then I find it has the potential to undermine the importance of Government which is actually not good for competition and not good for the market. I hope none of the above happens and would rather see bitcoin disappear in a puff of history." (NB: he predicts massive appreciation in bitcoin and is concerned how it can undermine government and tax revenue.) +* Kai Stinchcombe series that discusses whether blockchain can solve various real world use-cases better than traditional technologies + - [Kai Stinchcombe: Ten years in, nobody has come up with a use for blockchain](https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100) - 2017-12-23 - "Each purported use case — from payments to legal documents, from escrow to voting systems—amounts to a set of contortions to add a distributed, encrypted, anonymous ledger where none was needed. What if there isn’t actually any use for a distributed ledger at all? What if, ten years after it was invented, the reason nobody has adopted a distributed ledger at scale is because nobody wants it?" + - [Kai Stinchcombe: Blockchain is not only crappy technology but a bad vision for the future](https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec) - 2018-05-04 - "Blockchain is not only crappy technology but a bad vision for the future. Its failure to achieve adoption to date is because systems built on trust, norms, and institutions inherently function better than the type of no-need-for-trusted-parties systems blockchain envisions. That’s permanent: no matter how much blockchain improves it is still headed in the wrong direction." ### Economists @@ -68,6 +71,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * Richard Thaler [Economics Nobel prize winner, Richard Thaler: “The market that looks most like a bubble to me is Bitcoin and its brethren”](https://econews.pt/2018/01/22/economics-nobel-prize-winner-richard-thaler-the-market-that-looks-most-like-a-bubble-to-me-is-bitcoin-and-its-brethren/) - 2018-01-22 * Yanis Varoufakis [Yanis Varoufakis on Crypto & the Left, and Techno-Feudalism](https://the-crypto-syllabus.com/yanis-varoufakis-on-techno-feudalism/) - 2022-01-26 * Tyler Cowen [The Crypto Crash Strengthens the Case for Crypto](https://www.bloombergquint.com/gadfly/crypto-crash-strengthens-case-for-crypto-s-long-term-future) - 2022-01-27 +* Jesse Frederik [Blockchain, the amazing solution for almost nothing](https://thecorrespondent.com/655/blockchain-the-amazing-solution-for-almost-nothing/84495599980-95473476) - 2020-08-21 - "Blockchain technology is going to change everything: the shipping industry, the financial system, government … in fact, what won’t it change? But enthusiasm for it mainly stems from a lack of knowledge and understanding. The blockchain is a solution in search of a problem." ### Ponzi aspect From 7d52b4b0f7283670a2625118719c731941208be4 Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Fri, 4 Feb 2022 14:34:47 +0100 Subject: [PATCH 15/26] [inbox][s]: add samer hassan survey of dlt tech in 2020. --- README.md | 2 ++ 1 file changed, 2 insertions(+) diff --git a/README.md b/README.md index 6616227..79fac0c 100644 --- a/README.md +++ b/README.md @@ -223,6 +223,8 @@ This is a section for links that haven't yet been reviewed and/or allocated to a Pros * [BanklessDAO: State of the DAOs #7: Social Tokens and the Future of Work](https://banklessdao.substack.com/p/state-of-the-daos-7-social-tokens) - 2022-01-13 +* [Scanning the European Ecosystem of Distributed Ledger Technologies for Social and Public Good](https://publications.jrc.ec.europa.eu/repository/handle/JRC121675) - Oct 2020 - by Samer Hassan and colleagues + * Twitter thread: https://twitter.com/samerP2P/status/1317123399295041541 ### Other suggestions From 03cfe9677792af0f054bc41af64022bd0ad8ecde Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Fri, 4 Feb 2022 14:47:02 +0100 Subject: [PATCH 16/26] [general,twitter][s]: add cory doctorow recent piece on sound money. --- README.md | 8 ++++++++ 1 file changed, 8 insertions(+) diff --git a/README.md b/README.md index 13f1e6f..d4be457 100644 --- a/README.md +++ b/README.md @@ -52,6 +52,12 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * Kai Stinchcombe series that discusses whether blockchain can solve various real world use-cases better than traditional technologies - [Kai Stinchcombe: Ten years in, nobody has come up with a use for blockchain](https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100) - 2017-12-23 - "Each purported use case — from payments to legal documents, from escrow to voting systems—amounts to a set of contortions to add a distributed, encrypted, anonymous ledger where none was needed. What if there isn’t actually any use for a distributed ledger at all? What if, ten years after it was invented, the reason nobody has adopted a distributed ledger at scale is because nobody wants it?" - [Kai Stinchcombe: Blockchain is not only crappy technology but a bad vision for the future](https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec) - 2018-05-04 - "Blockchain is not only crappy technology but a bad vision for the future. Its failure to achieve adoption to date is because systems built on trust, norms, and institutions inherently function better than the type of no-need-for-trusted-parties systems blockchain envisions. That’s permanent: no matter how much blockchain improves it is still headed in the wrong direction." +* [Cory Doctorow: When crypto-exchanges go broke, you'll lose it all](https://pluralistic.net/2022/02/03/liquidation-preference/#we-live-in-a-society) - 2022-02-03. Why state backed money is a good thing (a feature not a bug). + > If you've spent much time around cryptocurrency people, you've probably heard a rant or two about "sound money" and the need to "depoliticize money." This is a foundation of blockchainism: the belief that money is born separate from states, and states invade on the private realm when they "meddle" in the money system. + > + > There are at least two serious problems with this ideology. First, it's plain wrong on the historical facts. Money did not emerge from barter systems among people. Money was and is a product of state. + > + > But even if you stipulate that money didn't originate among private markets there's another serious historical problem with "sound money." ... It's this: central banks didn't emerge to usurp the private sector's control over money. Central banks were created because without them, finance was subject to wild, terrifying, ruinous boom/bust cycles. What's more, without a central bank, money was subject to naked political meddling, which central banks (sometimes) moderated. ### Economists @@ -134,10 +140,12 @@ Whilst these users may not solely discuss crypto or web3, they do discuss it reg * https://twitter.com/molly0xFFF * https://twitter.com/smdiehl - [Crypto Criticism Threads](https://gist.github.com/sdiehl/7706ef44d951a2025fd658d1dd8687af) +* https://twitter.com/rufuspollock * https://twitter.com/troll_lock * https://twitter.com/CasPiancey -"Under promise, under deliver" co-host @cryptocriticpod *opinions are mine, not my employer* odds and ends @protos hold no crypto or crypto stonks * https://twitter.com/BennettTomlin - I do data science and track down frauds | 74% backed | Co-host @CryptoCriticPod | Writing @fud_letter | Discord: https://discord.gg/YpAUqNkhSC * https://twitter.com/SilvermanJacob (staff writer New Republic) & https://twitter.com/ben_mckenzie - "apparently I now write about crypto" +* https://twitter.com/doctorow ### Tether, and other stablecoins From 5bcf938122474be2f9a4041d3373b74eb07f92ce Mon Sep 17 00:00:00 2001 From: Max Gao Date: Sat, 5 Feb 2022 00:49:40 -0800 Subject: [PATCH 17/26] Add trading/security risk section --- README.md | 5 +++++ 1 file changed, 5 insertions(+) diff --git a/README.md b/README.md index d4be457..c734241 100644 --- a/README.md +++ b/README.md @@ -160,6 +160,11 @@ Whilst these users may not solely discuss crypto or web3, they do discuss it reg * [Money and Payments: The U.S. Dollar in the Age of Digital Transformation](https://www.federalreserve.gov/publications/money-and-payments-discussion-paper.htm) - provides a high level overview of the current state of central bank and private sector currencies in the US, and identifies risks and challenges with the implementation of a central bank digital currency. From the paper summary: "The paper summarizes the current state of the domestic payments system and discusses the different types of digital payment methods and assets that have emerged in recent years, including stablecoins and other cryptocurrencies. It concludes by examining the potential benefits and risks of a CBDC, and identifies specific policy considerations." +### Trading/Market Microstructure/Security Risks +* [Quantifying Blockchain Extractable Value: How dark is the forest?](https://arxiv.org/abs/2101.05511) - Qin et al., 2021. Technical paper characterizing and quantifying miner extracted value on Ethereum's DeFi smart contracts. +* [High-Frequency Trading on Decentralized On-Chain Exchanges](https://arxiv.org/abs/2009.14021) - Zhou et al., 2020. Technical paper detailing the "front-running" that occurs on Ethereum. +* [An Anatomy of Bitcoin Price Manipulation](https://www.singlelunch.com/2022/01/09/an-anatomy-of-bitcoin-price-manipulation/) - Matt Ranger, 2022. Speculative analysis of centralized cryptocurrency exchange market data to support a price manipulation hypothesis. + ### Religious angles #### Christian From a99d7f3df163ec7f4430f744b7ac07b0e3e4b23f Mon Sep 17 00:00:00 2001 From: Ubiratan Soares Date: Wed, 9 Feb 2022 17:07:33 -0300 Subject: [PATCH 18/26] Links interview from Tim O'Reilly to CBS --- README.md | 1 + 1 file changed, 1 insertion(+) diff --git a/README.md b/README.md index c734241..d082fef 100644 --- a/README.md +++ b/README.md @@ -58,6 +58,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. > There are at least two serious problems with this ideology. First, it's plain wrong on the historical facts. Money did not emerge from barter systems among people. Money was and is a product of state. > > But even if you stipulate that money didn't originate among private markets there's another serious historical problem with "sound money." ... It's this: central banks didn't emerge to usurp the private sector's control over money. Central banks were created because without them, finance was subject to wild, terrifying, ruinous boom/bust cycles. What's more, without a central bank, money was subject to naked political meddling, which central banks (sometimes) moderated. +* [Internet guru Tim O'Reilly on Web3: "Get ready for the crash"](https://www.cbsnews.com/news/cryptocurrency-nft-blockchain-web3-tim-oreilly/) - Interview from Silicon Valley legend Tim O'Reilly to CBS - 2022-02-09 ### Economists From fa8a7bc3363b94076b1eedaf38690037bd79becb Mon Sep 17 00:00:00 2001 From: sebastianbuettrich Date: Sat, 12 Feb 2022 10:47:27 +0100 Subject: [PATCH 19/26] suggesting David Rosenthal ... Can We Mitigate Cryptocurrencies' Externalities? --- README.md | 2 ++ 1 file changed, 2 insertions(+) diff --git a/README.md b/README.md index c734241..b87b3e0 100644 --- a/README.md +++ b/README.md @@ -59,6 +59,8 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. > > But even if you stipulate that money didn't originate among private markets there's another serious historical problem with "sound money." ... It's this: central banks didn't emerge to usurp the private sector's control over money. Central banks were created because without them, finance was subject to wild, terrifying, ruinous boom/bust cycles. What's more, without a central bank, money was subject to naked political meddling, which central banks (sometimes) moderated. +* [David Rosenthal: Can We Mitigate Cryptocurrencies' Externalities?](https://blog.dshr.org/2022/02/ee380-talk.html) + ### Economists * Stephanie Kelton [Cryptocurrency and Fiat Money](https://www.youtube.com/watch?v=84wTEf9Acik) - 2017-12-23 From 34db8b9191d336ec32244fe59cf10c9fe53353d5 Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Mon, 14 Feb 2022 22:31:00 +0100 Subject: [PATCH 20/26] [general][s]: add older dshr post plus a charlie stross piece from 2013. --- README.md | 3 ++- 1 file changed, 2 insertions(+), 1 deletion(-) diff --git a/README.md b/README.md index 80dcd3e..8810e81 100644 --- a/README.md +++ b/README.md @@ -59,8 +59,9 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. > > But even if you stipulate that money didn't originate among private markets there's another serious historical problem with "sound money." ... It's this: central banks didn't emerge to usurp the private sector's control over money. Central banks were created because without them, finance was subject to wild, terrifying, ruinous boom/bust cycles. What's more, without a central bank, money was subject to naked political meddling, which central banks (sometimes) moderated. * [Internet guru Tim O'Reilly on Web3: "Get ready for the crash"](https://www.cbsnews.com/news/cryptocurrency-nft-blockchain-web3-tim-oreilly/) - Interview from Silicon Valley legend Tim O'Reilly to CBS - 2022-02-09 - * [David Rosenthal: Can We Mitigate Cryptocurrencies' Externalities?](https://blog.dshr.org/2022/02/ee380-talk.html) + * [Economies of Scale in Peer-to-Peer Networks](https://blog.dshr.org/2014/10/economies-of-scale-in-peer-to-peer.html) - 2014-10-07. Network effects lead to centralization in p2p (e.g. Bitcoin) and no good way to mitigate this. +* [Charlie Stross: Why I want Bitcoin to Die in Fire](https://www.antipope.org/charlie/blog-static/2013/12/why-i-want-bitcoin-to-die-in-a.html) - 2013-12 ### Economists From 6ae8fd8e637c0616b0f7c6c905b92cf93138b92e Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Mon, 14 Feb 2022 22:52:45 +0100 Subject: [PATCH 21/26] [general][s]: add summary from rosenthal's piece. --- README.md | 5 ++++- 1 file changed, 4 insertions(+), 1 deletion(-) diff --git a/README.md b/README.md index 8810e81..c91841a 100644 --- a/README.md +++ b/README.md @@ -59,7 +59,10 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. > > But even if you stipulate that money didn't originate among private markets there's another serious historical problem with "sound money." ... It's this: central banks didn't emerge to usurp the private sector's control over money. Central banks were created because without them, finance was subject to wild, terrifying, ruinous boom/bust cycles. What's more, without a central bank, money was subject to naked political meddling, which central banks (sometimes) moderated. * [Internet guru Tim O'Reilly on Web3: "Get ready for the crash"](https://www.cbsnews.com/news/cryptocurrency-nft-blockchain-web3-tim-oreilly/) - Interview from Silicon Valley legend Tim O'Reilly to CBS - 2022-02-09 -* [David Rosenthal: Can We Mitigate Cryptocurrencies' Externalities?](https://blog.dshr.org/2022/02/ee380-talk.html) +* [David Rosenthal: Can We Mitigate Cryptocurrencies' Externalities?](https://blog.dshr.org/2022/02/ee380-talk.html) - 2022-02-09. Summary of critique: + > * That the externalities I describe don't exist. You'll have a hard time proving that the waste of electricity and hardware, and the crime wave, are imaginary. + > * That although the externalities do exist, the benefits of decentralization outweigh them. The problem here is that since the systems are not actually decentralized, we get the externalities but don't get the benefits. + > * That although the externalities do exist, and the systems aren't dencentralized, they're making so much money that we shouldn't worry. The problem here is that the amount of actual money you can get out of a cryptocurrency equals the amount of actual money that has been put in, minus the actual costs of mining. So the big picture is that although there may be winners, in aggregate the system loses money. * [Economies of Scale in Peer-to-Peer Networks](https://blog.dshr.org/2014/10/economies-of-scale-in-peer-to-peer.html) - 2014-10-07. Network effects lead to centralization in p2p (e.g. Bitcoin) and no good way to mitigate this. * [Charlie Stross: Why I want Bitcoin to Die in Fire](https://www.antipope.org/charlie/blog-static/2013/12/why-i-want-bitcoin-to-die-in-a.html) - 2013-12 From bbb90deed5f230466493c09d0126b0de599fad81 Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Tue, 15 Feb 2022 14:47:25 +0100 Subject: [PATCH 22/26] [general][s]: add some context on rosenthal piece. --- README.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/README.md b/README.md index c91841a..e51cf12 100644 --- a/README.md +++ b/README.md @@ -59,7 +59,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. > > But even if you stipulate that money didn't originate among private markets there's another serious historical problem with "sound money." ... It's this: central banks didn't emerge to usurp the private sector's control over money. Central banks were created because without them, finance was subject to wild, terrifying, ruinous boom/bust cycles. What's more, without a central bank, money was subject to naked political meddling, which central banks (sometimes) moderated. * [Internet guru Tim O'Reilly on Web3: "Get ready for the crash"](https://www.cbsnews.com/news/cryptocurrency-nft-blockchain-web3-tim-oreilly/) - Interview from Silicon Valley legend Tim O'Reilly to CBS - 2022-02-09 -* [David Rosenthal: Can We Mitigate Cryptocurrencies' Externalities?](https://blog.dshr.org/2022/02/ee380-talk.html) - 2022-02-09. Summary of critique: +* [David Rosenthal: Can We Mitigate Cryptocurrencies' Externalities?](https://blog.dshr.org/2022/02/ee380-talk.html) - 2022-02-09. Having built a decentralized consensus system using Proof-of-Work (http://dx.doi.org/10.1145/945445.945451) the author has the technical knowledge to explain the design faults and limitations of permissionless blockchain systems, as well as highlighting the economic and environmental issues. Summary of critique: > * That the externalities I describe don't exist. You'll have a hard time proving that the waste of electricity and hardware, and the crime wave, are imaginary. > * That although the externalities do exist, the benefits of decentralization outweigh them. The problem here is that since the systems are not actually decentralized, we get the externalities but don't get the benefits. > * That although the externalities do exist, and the systems aren't dencentralized, they're making so much money that we shouldn't worry. The problem here is that the amount of actual money you can get out of a cryptocurrency equals the amount of actual money that has been put in, minus the actual costs of mining. So the big picture is that although there may be winners, in aggregate the system loses money. From 3b6868ceef444e84236fa60e4ff3a17b28594a62 Mon Sep 17 00:00:00 2001 From: Molly White Date: Sat, 19 Feb 2022 12:48:25 -0500 Subject: [PATCH 23/26] + newer essays by Molly White --- README.md | 4 ++++ 1 file changed, 4 insertions(+) diff --git a/README.md b/README.md index e51cf12..a9d34a0 100644 --- a/README.md +++ b/README.md @@ -41,6 +41,10 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * Molly White series - https://blog.mollywhite.net/blockchain/ * [Blockchain-based systems are not what they say they are](https://blog.mollywhite.net/blockchains-are-not-what-they-say/) * [It's not still the early days](https://blog.mollywhite.net/its-not-still-the-early-days/) + * [Abuse and harassment on the blockchain](https://blog.mollywhite.net/abuse-and-harassment-on-the-blockchain/) + * [Anonymous cryptocurrency wallets are not so simple](https://blog.mollywhite.net/anonymous-crypto-wallets/) + * [Cryptocurrency off-ramps, and the pressure towards centralization](https://blog.mollywhite.net/off-ramps/) + * [Cryptocurrency’s Robinhood effect](https://blog.mollywhite.net/cryptocurrencys-robinhood-effect/) * [Against Web3 and Faux-Decentralization](https://soatok.blog/2021/10/19/against-web3-and-faux-decentralization/) - 2021-10-19 by Soatok * [The Case Against Crypto](https://www.watershed.co.uk/studio/news/2021/12/03/case-against-crypto) - 2021-12-03 by Martin O'Leary * [The Register: The dark equation of harm versus good means blockchain’s had its day](https://www.theregister.com/2021/12/06/the_dark_equation_of_harm/) - 2021-12-06 From d289ada997f8113b5eb3b92771c4675d6e08f21d Mon Sep 17 00:00:00 2001 From: Joel Natividad <1980690+jqnatividad@users.noreply.github.com> Date: Mon, 21 Feb 2022 20:39:22 -0500 Subject: [PATCH 24/26] Tim O'Reilly on Web3 --- README.md | 5 ++++- 1 file changed, 4 insertions(+), 1 deletion(-) diff --git a/README.md b/README.md index a9d34a0..7c22ac5 100644 --- a/README.md +++ b/README.md @@ -62,7 +62,10 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. > There are at least two serious problems with this ideology. First, it's plain wrong on the historical facts. Money did not emerge from barter systems among people. Money was and is a product of state. > > But even if you stipulate that money didn't originate among private markets there's another serious historical problem with "sound money." ... It's this: central banks didn't emerge to usurp the private sector's control over money. Central banks were created because without them, finance was subject to wild, terrifying, ruinous boom/bust cycles. What's more, without a central bank, money was subject to naked political meddling, which central banks (sometimes) moderated. -* [Internet guru Tim O'Reilly on Web3: "Get ready for the crash"](https://www.cbsnews.com/news/cryptocurrency-nft-blockchain-web3-tim-oreilly/) - Interview from Silicon Valley legend Tim O'Reilly to CBS - 2022-02-09 +* Internet pioneer/Silicon Valley legend Tim O'Reilly on Web3: + - [Why it’s too early to get excited about Web3](https://www.oreilly.com/radar/why-its-too-early-to-get-excited-about-web3/) - 2021-12-13 + - ["Get ready for the crash"](https://www.cbsnews.com/news/cryptocurrency-nft-blockchain-web3-tim-oreilly/) - CBS Money Watch - 2022-02-09 + - [Crypto and NFTs are "Pretty Serious Speculative Bubble"](https://decrypt.co/92676/internet-guru-tim-oreilly-crypto-nfts-serious-speculative-bubble) - 2022-02-10 * [David Rosenthal: Can We Mitigate Cryptocurrencies' Externalities?](https://blog.dshr.org/2022/02/ee380-talk.html) - 2022-02-09. Having built a decentralized consensus system using Proof-of-Work (http://dx.doi.org/10.1145/945445.945451) the author has the technical knowledge to explain the design faults and limitations of permissionless blockchain systems, as well as highlighting the economic and environmental issues. Summary of critique: > * That the externalities I describe don't exist. You'll have a hard time proving that the waste of electricity and hardware, and the crime wave, are imaginary. > * That although the externalities do exist, the benefits of decentralization outweigh them. The problem here is that since the systems are not actually decentralized, we get the externalities but don't get the benefits. From 1ae362508510fd4423fab2841f6081871d9a7d6f Mon Sep 17 00:00:00 2001 From: Stephen Diehl Date: Tue, 22 Feb 2022 09:05:16 +0000 Subject: [PATCH 25/26] Update README.md --- README.md | 1 + 1 file changed, 1 insertion(+) diff --git a/README.md b/README.md index a9d34a0..480b872 100644 --- a/README.md +++ b/README.md @@ -69,6 +69,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. > * That although the externalities do exist, and the systems aren't dencentralized, they're making so much money that we shouldn't worry. The problem here is that the amount of actual money you can get out of a cryptocurrency equals the amount of actual money that has been put in, minus the actual costs of mining. So the big picture is that although there may be winners, in aggregate the system loses money. * [Economies of Scale in Peer-to-Peer Networks](https://blog.dshr.org/2014/10/economies-of-scale-in-peer-to-peer.html) - 2014-10-07. Network effects lead to centralization in p2p (e.g. Bitcoin) and no good way to mitigate this. * [Charlie Stross: Why I want Bitcoin to Die in Fire](https://www.antipope.org/charlie/blog-static/2013/12/why-i-want-bitcoin-to-die-in-a.html) - 2013-12 +* [The Maltese Falcon](https://privatebank.jpmorgan.com/content/dam/jpm-wm-aem/global/pb/en/insights/eye-on-the-market/the-maltese-falcoin.pdf) - critique of bitcoin and financial properties of crypto assets from the CIO of JP Morgan bank. 2021-02-10 ### Economists From d0ad6a1c4df9fdda7ed9069f7dd912bd2f14d29e Mon Sep 17 00:00:00 2001 From: Rufus Pollock Date: Wed, 23 Feb 2022 17:27:12 +0100 Subject: [PATCH 26/26] [general][s]: add a couple to general section. --- README.md | 2 ++ 1 file changed, 2 insertions(+) diff --git a/README.md b/README.md index 3b6ca1b..5617fe0 100644 --- a/README.md +++ b/README.md @@ -93,6 +93,8 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * Yanis Varoufakis [Yanis Varoufakis on Crypto & the Left, and Techno-Feudalism](https://the-crypto-syllabus.com/yanis-varoufakis-on-techno-feudalism/) - 2022-01-26 * Tyler Cowen [The Crypto Crash Strengthens the Case for Crypto](https://www.bloombergquint.com/gadfly/crypto-crash-strengthens-case-for-crypto-s-long-term-future) - 2022-01-27 * Jesse Frederik [Blockchain, the amazing solution for almost nothing](https://thecorrespondent.com/655/blockchain-the-amazing-solution-for-almost-nothing/84495599980-95473476) - 2020-08-21 - "Blockchain technology is going to change everything: the shipping industry, the financial system, government … in fact, what won’t it change? But enthusiasm for it mainly stems from a lack of knowledge and understanding. The blockchain is a solution in search of a problem." +* [Vice: ‘Crypto Ruined My Life’: The Mental Health Crisis Hitting Bitcoin Investors](https://www.vice.com/en/article/akvn8z/crypto-bad-for-mental-health) - 2022-02-16 - The stress and anxiety that goes with funneling your life savings into a volatile market is no joke. +* [Ed Zitron: Solutions That Create Problems](https://ez.substack.com/p/solutions-that-create-problems) - 2022-02-22 - [The thing about Web3 is that it is uniquely useless. I have actively searched for an explanation as to why it's the future, what products it would allow us to build, what sort of *good* it would provide, and I cannot even at my most optimistic find a real use case](https://twitter.com/edzitron/status/1495891031979704321) ### Ponzi aspect