Are social tokens good for your online reputation?
PLUS: NFT Worlds Is MASSIVE compared to The Sandbox and Decentraland & more!
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People in 1995 said the whole World Wide Web thing would fail. In 2002 they said Google will fail. In 2007, believe it or not, people said the iPhone would fail. 2013 came along and people said Facebook would fail (and personally I wish it Meta would). Crypto? Oh ya, it’s gonna fail. h/t Pessimists Archive (a technophobia archive).
In this issue:
Are social tokens good for your online reputation?
NFT Worlds Is MASSIVE compared to The Sandbox and Decentraland
Should I / you / we buy the Denver Broncos?
NITRO! (3 can’t-miss things)
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Are social tokens good for your online reputation?
Came across an interesting article called Leveraging Social Tokens for Digital Reputation. It made me do some thinking about the future:
The more the lines are blurred between our digital and physical lives, the more our digital identities will become more complex. Our work is already being done almost exclusively online, having internet friends has become commonplace, and we're slowly tending toward a moment where our digital life will become just as consequential as our physical life.
As Packy said in a related article called The Great Online Game:
We now live in a world in which, by typing things into your phone or your keyboard, or saying things into a microphone, or snapping pictures or videos, you can marshall resources, support, and opportunities. Crypto has the potential to take it up a notch by baking game mechanics -- points, rewards, skins, teams, and more -- right into the whole internet.
So. Digital and physical have been intermingling for quite some time to the point where I see people asking whether or not your digital life is more valuable (or at least as valuable) to you than your physical life. Obviously, you can’t have one without the other… but I see the point people are trying to make there: our online lives matter.
Add to this the idea of the pseudonymous economy:
“The pseudonymous economy is the foundation for muscular classical liberalism that is capable of standing up in today’s information environment. Rather than make naive appeals to people to look past gender or race, or to not cancel or to not discriminate online, instead we make it impossible to do that by taking away that information entirely with realistic avatars and fully functional pseudonyms.”
You might be familiar with @punk6529 on Twitter. If you’re not: it’s a popular pseudonymous account.
I’m not sure what the future holds for our digital (and physical) selves but I do know I don’t want a social credit system where your financial access is frozen if you don’t say or do the right thing according to whoever happens to be in power. Is adopting a pseudonym really the only fix?
On the other hand, I’m excited for people to be able to earn social tokens based on digging in and doing some work. Where/what is the intersection between all these ideas? I dunno. I’ll get back to you.
Just something to think about…
NFT Worlds Is MASSIVE compared to The Sandbox and Decentraland
Check out this comparison (parcel to parcel):
Should I / you / we buy the Denver Broncos?
You may or may not know that the Denver Broncos are up for sale right now. You may or may not also know that a new DAO has arisen to try to buy the Denver Broncos. As it just so happens to turn out… I’m a Denver Broncos fan. And as it also just so happens to turn out… I was one of the crazy people who joined ConstitutionDAO — yes, we tried to buy one of the remaining copies of the US Constitution (as stewards).
Hmm.
My experience with ConstitutionDAO was fun but, if you’ll recall, one of the major flaws was that the winning bidder (not the DAO, btw) knew how much much the DAO had raised and therefore knew the DAO could be outbid. I don’t know how that would be different here.
I like the idea of fractionally owning part of a NFL team. I’m not sure how it would *work* in reality. ConstitutionDAO was really a core team that made all the decisions telling a bunch of people who contributed money to the cause how it was going to be via Discord. There wasn’t any meaningful voting or community governance.
I’m torn… but interested in learning more. Sports teams are valuable. Regardless of whether I had any say, as an investor, in who the team hires or drafts… a fraction of a sports team would still be valuable.
Would this be good for Denver? For the players? How would Pat Bowlen, the team’s late former owner, react?
Hmm.
NITRO!
Cool: Backdrop goes live to help you participate in tokenized communities
News: Wyoming Lawmakers Want State to Launch Its Own Stablecoin
Thread: Three kinds of DAOs
See you next time (and don’t forget to check out Jasper)!