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Refactor web3

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sdiehl 2022-03-18 11:39:54 +00:00
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claims/is-bubble.md
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@ -6,15 +6,15 @@ Crypto assets have the characterstic price behaviour that resembles many other [
* Joseph Stiglitz
* Richard Thaler
* James Heckman
* Thomas Sargent,
* Thomas Sargent
* Angus Deaton
* Oliver Hart
And by central bank officials:
* Alan Greenspan
* Agustín Carstens,
* Vítor Constâncio,
* Agustín Carstens
* Vítor Constâncio
* Nout Wellink
* Mark Carney

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claims/well-defined.md
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# Is web3 a well-defined term?
# Is web3 a well-defined term?
Web3 has been [criticised](https://www.stephendiehl.com/blog/web3-bullshit.html) as being an intentionally ambiguous buzzword with no precise meaning.
Web3 has been accused of becoming an intellectual nexus for many internet "thought leaders" to pontificate about grand visions of technical and financial reconfiguration largely detached from any concrete plans or implementations of these ideas. This may give rise to [bubble](bubble.md) detached from any progress on building real companies or technologies.
Web3 has also been described as a means of doing [regulatory arbitrage](regulatory-arbitrage.md) on [securites](security.md) offerings to enrich venture capital firms.
## References
* [https://web3isgoinggreat.com](https://web3isgoinggreat.com)

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concepts/amm.md
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From https://academy.binance.com/en/articles/what-is-uniswap-and-how-does-it-work
> Automated market makers are [smart contracts](https://academy.binance.com/en/articles/what-are-smart-contracts) that hold liquidity reserves (or liquidity pools) that traders can trade against. These reserves are funded by liquidity providers. Anyone can be a liquidity provider who deposits an equivalent value of two tokens in the pool. In return, traders pay a fee to the pool that is then distributed to liquidity providers according to their share of the pool. Let’s dive into how this works in more detail.
> Automated market makers are [smart-contracts](smart-contracts.md) that hold [liquidity](liquidity.md) reserves (or liquidity pools) that traders can trade against. These reserves are funded by liquidity providers. Anyone can be a liquidity provider who deposits an equivalent value of two tokens in the pool. In return, traders pay a fee to the pool that is then distributed to liquidity providers according to their share of the pool. Let’s dive into how this works in more detail.
Uniswap is iterating to favor "professional players":

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concepts/bitcoin.md
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# Bitcoin
Bitcoin is the first [crypto asset](cryptoasset.md) investment. Used as a vehicle for [speculation](speculation.md) and [gambling](gambling.md).
## Properties

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concepts/dollar.md Normal file
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# US Dollar
The US dollar
## Properties
The dollar is a [currency](currency.md).
The dollar is not a [speculative](speculation.md) investment.
The dollar is [inflationary](inflationary.md).
The paper form of the dollar is a [bearer instrument](bearer-instrument.md).
The dollar has no [fundamental value](fundamental-value.md).
The dollar has no [use value](use-value.md).
The dollar has no [income-cashflows](income-cashflows.md).
The dollar has a [present-value](present-value.md) of zero.
The dollar has a [terminal-value](terminal-value.md) of zero.
The dollar is a [non-productive](productive-asset.md) investment.
The dollar is not a [security](security.md).
The dollar is issued by a [central-banks](central-banks.md).

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concepts/ethereum.md
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# Ethereum
Ethereum is a [cryptoasset](cryptoasset.md) that extends the [bitcoin](bitcoin.md) model to allow the execution of [smart contracts](smart-contracts.md).
## Properties

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concepts/ideologies/austrian-economics.md
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# Austrian Economics
A heterodox school of economics that attempts to reason about human behaviour from first principles and deductive reasoning instead of quantitative analysis. Popular in the early 20th century but largely rejected by the modern academy.
This school of thought has seen a resurgence in relation to [crypto assets](../cryptoasset.md).

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concepts/ideologies/financial-nihilism.md
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# Financial Nihilism
A philosophy on investing and markets in which [value](../value.md) does not exist or is inherently unknowable. The claims of this ideology are inherently contradictory but is stems from an underlying belief that [market](../market.md) have no purpose and cannot or does not exist to do [price formation](../price-formation.md) on [assets](../assets.md) because [capitalism](capitalism.md) does not work.
This is a belief system held by many who participate in [meme stock](../meme-stock.md) and [meme coin](memecoin.md) projects such as [dogecoin](../dogecoin.md).
This is a belief system held by many who participate in [meme stock](../meme-stock.md) and [meme coin](../memecoin.md) projects such as [dogecoin](../dogecoin.md).

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# Liquidity Pool

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concepts/web3.md
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# Web3
An umbrella marketing term for a variety of endeavours to integrate [crypto assets](cryptoasset.md), [NFTs](nft.md), [DAOs](dao.md), [DeFi](defi.md) and [smart contracts](smart-contracts.md) into existing web infrastructure.
Web3 has become an intellectual nexus for many internet "thought leaders" to pontificate about grand visions of technical and financial reconfiguration largely detached from any concrete plans or implementations of these ideas. This may give rise to [bubble](bubble.md) detached from any progress on building real companies or technologies.
Web3 has been [criticised](https://www.stephendiehl.com/blog/web3-bullshit.html) as being an intentionally ambiguous buzzword with no precise meaning.
Web3 has also been described as a means of doing [regulatory arbitrage](regulatory-arbitrage.md) on [securites](security.md) offerings to enrich venture capital firms.
## References
* [https://web3isgoinggreat.com](https://web3isgoinggreat.com)
An umbrella marketing term for a variety of endeavours to integrate [crypto assets](cryptoasset.md), [NFTs](nft.md), [DAOs](dao.md), [DeFi](defi.md) and [smart contracts](smart-contracts.md) into existing web infrastructure.