The Internet Computer Protocol is not another L1. When I realised this, I thought it was important to share more.
I create "cheatsheets" for protocols I learn about. It helps me consolidate what I learn, and form my opinions. Here it is for
@dfinity
.
#ICP
(+ 🧵)
Supporting this.
@reserveprotocol
has studied sustainable stablecoin design for a while, and the current state of global economies indicates why it matters.
I personally learned a lot from
@nnevvinn
's youtube lectures early on.
Thank you for the education + perseverance!
What if you never had to think about preserving purchasing power over time?
What if there was a stable currency that retained its purchasing power across centuries?
That is our ultimate goal. And you can be part of it.
Come build with us.
loved this message to founders from Siqi Chen, founder of
@runwayco
:
"just because it's slow and you don't have evidence early on does not correlate or mean that it will not work - it's kind of the norm.
the right place to stop is when you no longer believe. if you can and do
Congrats to
@DistriktApp
for their latest release.👏
Really impressive:
Chat end-to-end on-chain, low latency, no user gas fees.
This is promising evidence of the necessary evolution of the current Web3 UX standard: empowering users with cryptography without them even knowing it.
19/ What the
@dfinity
team is building is impressive, and important for web3 to evolve.
My hope in sharing this is that someone else might learn smthg new, or get curious enough to get involved.
comment with adds/thoughts!
(and thanks to
@IsaacValadez55
for the expertise..:))
Apps as Expressions of Style
I choose apps like I choose my outfits. Different styles for different moods, situations, and mediums of expression.
Just like in fashion, some trends come and go, and some are timeless.
Some pieces remain versatile and attached to us as staples,
1/ The Internet Computer (IC) aims to create a new paradigm for the web: to enable our web systems and services to run entirely on-chain and using smart contracts, to make it more secure and decentralised, without compromising speed, execution, or cost.
how?
13/ To experience what an IC experience feels like, I would recommend:
@DistriktApp
(decentralised linkedin)
@DscvrO
(decentralised reddit)
@ORIGYNTech
and
@OpenChat
(on-chain chat)
ask yourself: does it feel on chain (i.e. slow, expensive, clunky..)? no.
it's impressive.
18/ I hope the IC takes this last resolution pt into account - to broaden the community beyond its internal bounds.
If the IC has the potential to become a baselayer for other protocols to run on, it would need to build those bridges (not only tech - but human).
15/ The
@dfinity
team is near the release of their native BTC integration. What does this mean?
Using real
#BTC
in canisters (smart contracts). No bridges. No wrapped assets.
Think abt that. A new standard for interoperability is abt to emerge.
Does that make ICP Layer0? Maybe.
2/ The IC consensus model leverages Chain Key Cryptography.
Instead of each node having to compute the entire blockchain from genesis block to validate a single transaction/output (like ETH or BTC), the IC uses decentralised digital signatures.
16/ That being said, the IC has a few challenges:
a) reputation associated with public token sale
b) not all of the functionality is available/deployed
c) the ecosystem remains small and underdeveloped
but these can be overcome:
14/ So what is coming?
-SNS (algo DAOs that will allow DAOs to create their own governance and economies)
-HTTP requests (to communicate directly with the rest of the web)
-ECDSA Signatures (direct integration of BTC and ETH blockchains..maybe more)
(pause on that last pt..)
3/ The IC has a single public key that allows data to be verified, and secret-key shares are distributed across nodes. (eliminating the single-point-of-failure risk associated with one entity managing the private key)
17/ resolution:
a) as people understand and experiment with the technology and dapps, token considerations fade
b) the team is brilliant and keeps building. this takes time, but is a continuous WIP
c) open up, build relationships and partnerships with the broader web3 ecosystem
12/ Efficiency:
- Low cost approx $5/GB/yr (vs $350M/GB/yr for ETH)
- 0.045s block time (vs 14s for ETH)
and Scalability:
- partitioned bandwidth (localises demand in subnets vs the entire network)
- unbounded on-chain storage and computation
5/ The great thing: the network only needs one public-key to validate any of the results from the subnets.
Each Subnet hosts a subset of "canisters" (IC smart contracts). As a result, canisters are run on many nodes instead of one.
7/ The Network Nervous System (NNS) is the governing body of IC. Anyone can stake ICP tokens into "Neurons" to participate in governance. Neurons are responsible for submitting and voting on proposals that are then executed by the NNS.
10/ Let's start with UX:
- users don't need tokens to use the network (reverse gas model)
- users don't need wallets (accounts can hold tokens)
- modern device authentication (with device password)
- universal internet identity (interoperable anonymising portable identity)
4/ Nodes need to cooperate and run an interactive protocol (threshold scheme) to generate a signature using their private-key shares.
Nodes in the IC are partitioned and grouped in "Subnets". Subnets own their own corresponding public key, and are responsible for consensus.
6/ Canisters on the IC have variable immutability. This is a great feature, since canisters can be updated when a dapp is first released to iterate, and when ready, the ownership can be delegated to a DAO to govern changes, or to no one (to become immutable).
The concept of crowdsourced storytelling by
@pplpleasr1
@maciej_kuciara
at
@shibuyaxyz
is so cool to think about.
What will happen when we introduce AI, NFTs, and augmented reality into the mix?
What I find most compelling about tokenisation is not organising systems around financial incentives.
it is about enabling a broader spectrum of representations of "value" to be denominated and used in novel ways:
(1🧵)
If
#Web3
happens, platforms will no longer be able to retain ownership of data and networks.
Why?
Data, profiles, social graphs will be portable, public, and interoperable.
so how will they compete?
Here are a few strategy ideas (+ skills required):
11/ Then security:
- no cloud (0% of nodes run on cloud)
- private by default (no ledger)
- decentralised private keys for consensus (chain key crypto)
@paulg
The problem is that AI is being commonly used as the value proposition in and of itself, rather than used in the context of enabling new/better value propositions to emerge.
it is not the end, but a means to an end - to solve new/existing problems better.
AI changes the economic equation of doing great things:
the opportunity cost of doing something great is increasing as the cost of doing something mediocre is plummeting.
I hope we stay economically irrational beings for the sake of doing unjustifiable great things.
Apps as Expressions of Style
I choose apps like I choose my outfits. Different styles for different moods, situations, and mediums of expression.
Just like in fashion, some trends come and go, and some are timeless.
Some pieces remain versatile and attached to us as staples,
Web3 is over-indexed on the Ownership narrative.
Other USPs worth building for:
-universal public standards (equal access/opportunity)
-disintermediation (capital efficiency + direct attribution)
-verifiable data (justice + accuracy)
-automation (productivity + error mitigation)
The narratives we create around technology matter.
They guide the inspiration of builders and direct the attention of users. Narratives have the power to drive technological expression.
Use this power wisely - and with intention.
The
@HeyEdgeware
community is one of the most impressive examples of effective organic decentralised collaboration and coordination.
love
#DAOs
. (and if you join, you will too!!!)
this is why I am skeptical of the "Designer Engineer":
we need designers to be free to imagine and create without the bias of feasibility constraints.
it is what pushes boundaries - especially at the edge of innovation.
there is something uniquely great and advantageous about ignorance.
ignoring norms, ignoring experience, ignoring assumptions about what "is possible".
The only goal will be to ask ourselves questions we will not know the answer to in a world of rich hypothesis theory and testing.
Looking forward to sharing views and ideas about what we conceive to be web3 with
@kylelangham
and
@dfinity
Tokens are way more than just financial incentives. Join our conversation with
@ValerieTetu
, GTM at
@LidoFinance
, and dive deeper into the real value of tokenization.
Having evaluated building on the
#IC
and coming across this specific limitation, this is one of the developments I am most excited about.
External communication and data on-ramps are needed.
Congrats to
@dfinity
and
@lastmjs
for making it happen.
As much as we talk about the BTC/Ethereum integrations on the IC, don't forget that the Web 2 integration is also coming: outgoing http requests
The initial version of the feature should be live this month.
The age of IC oracles is about to commence.
@bdguan
It's a chicken-and-egg problem:
If the foundation of blockchain apps continues to be financial speculation, then blockchain users will continue to be speculators.
we can't expect the market to to behave differently if what we bring to market stimulates the same behaviour.
we
Genuinely curious: why did we assume wallets should be an authentication standard across web3?
Sharing thoughts on how I perceive it as suboptimal (even problematic) to either be proven wrong or encourage collective re-thinking: 💭
👇
There is an opportunity cost to "always be building" and "always be shipping".
The opportunity cost is not taking the time to dive deep into the idea maze, identifying a real problem or gap in the market, and developing a strong thesis and vision for what the future state of the
Great 🧵 to learn more about
@NEARProtocol
's Nightshade, and why cross-shard composability is a significant headway.
Smart contracts on different shards can be composed.
No bridging or fragmented liquidity.
Settlement, data availability, and execution on shared L1.
Differentiating modular vs monolithic blockchains.
Founder of
@CelestiaOrg
on the
@Delphi_Digital
podcast.
(Would recommend other episodes as well for education + alpha)
It’s no secret that
@PixelJanitor
and I share the same passion for UI Design and Engineering, so we’ve decided to team up and create a course to help designers expand their skillsets.
If this intrigues you, let us know what you’d like to learn from us:
@karrisaarinen
Also a dangerous byproduct of the "always be shipping" culture.
Many products with creative teams launch one feature after another, but without enough attention on the refinement required to make each one of them great.
great visual explanation of algorithmic stablecoins by
@hosseeb
&
@dragonfly_cap
.
"one thing is for sure: you shouldn’t assume a decentralized stablecoin will be robust simply because a white paper insists it is"
and we are early.
Everyone will tell you that your product should be a painkiller, not a vitamin.
but I love vitamin products - and I think we need more of them, not less.
The “vitamin vs painkiller” analogy is one commonly used in the world of start-ups. A vitamin product is perceived as a
@TaschaLabs
@MoonbeamNetwork
does a great job at communicating their announcements and updates in a really simple and well formulated way that makes it easy to follow/engage
Recently came on the
@cosmos_voice
podcast to discuss frameworks for Go-To-Market in Web3, thoughts on DeFi Liquid Staking, other projects I find interesting, and a few books/resources for life & philosophy!
Thank you to
@citizencsmos_cm
for having me!
(Feedback welcomed!👩🎓)
The problem with being a "data-driven start-up":
your sample size is not large enough to be significant.
hence why having a clear POV and thesis matters:
it's all you have to inform your decisions.
The fact that CeFi channels remain the most ubiquitous despite their failures demonstrates the importance of good UX.
This is an opportunity for DeFi to level up its UX to transfer the value prop of transparency and disintermediation into UX designed for democratisation.
Let's go
@Humane
Great demo!
Idea:
Render query results on a display (hand projection, screen, or other) instead of having aipin speak back to you.
Speaking to the pin is fine, but it’s often more efficient to read or glance at something rather than waiting and listening (esp in public)
Tip for marketers:
people have limited time and attention, and most of it is already allocated.
Instead of trying to compete for your share, integrate where they already dedicate it to (habits, content, network, places..)
If they see value, they will create the space for more.
mindsets:
engineer: follow the rules.
designer: rethink the rules.
founder: create the rules.
artist: there are no rules.
the world needs more artists.
Thank for for having us!
Key takeaway I wanted to express for the
#women
out there in
#web3
:
This is an open, permissionless space - not only for technology, but for opportunities as well.
The future is in process, and creating the opportunities you want to see is a part of it.
We recorded this a few weeks ago with
@icpjesse
and
@kylelangham
, and left the conversation feeling like there was so much more to say!
A balance of principles and process, thoughts and opinions, and relatable analogies.
Hopefully just a set-up for the next one!
This should be mandatory listening for anyone running a web3 business or community (or web2 even).
@ValerieTetu
dropped a master class in going to market
(7) It remains too early to point to case studies that demonstrate this to be the great unlock of tokenisation.
That being said, it is worth thinking about tokenisation beyond financially-driven coordination and incentives.
There is more to explore
2 potential adverse consequences of AI I think most about:
1 - progressive attrition of human neural nets.
2 - cognitive and creative reversion to the mean.
@sama
The ease of outsourcing intelligence seems most likely to cause the deprecation of our human learning neural pathways.
"if you don't use it, you lose it"
Perhaps the total output from intelligence will be greater - but that is a different question
One of my fav things: supporting crypto/web3 founders go-to-market with their ideas and projects.
Onboarded the
@humanfromweb3_
network as an advisor.
If you are a crypto/web3 founder with a compelling vision and drive to make it happen, find me here:
I see founders losing touch of their vision by getting distracted by what the market and competition is telling them is successful now.
They pivot features, messaging, marketing, etc - all to fit into the pattern of what the world is telling them they want, but already has.
The secret to successful strategy is not looking at other successful strategies to find out what makes them successful, but to see past successful strategies as "taken".
The common variable across remarkable brands and companies is that they are remarkable.
To be remarkable,
Don't Undervalue Ideas:
The common narrative states that ideas are cheap, but the reality is that most people have never taken the time or done the work to actually know how to value them.
Good ideas always seem obvious in retrospect, but are often the result of years and years
(4)
tokenisation of social graphs, of credit scores, of diplomas and certifications, of yelp review score etc.
and using these tokens as collateral, to trade, to share, to unlock access, to accrue benefits...
or to interact with traditional assets and mediums of exchange.
creating a beautiful landing page is not necessarily about aesthetics or capturing attention.
it's about showing that that you care.
you care enough to put in the work and uphold your standards throughout every touchpoint - product, service, and everything else.
This presentation was a testimony of the focused and proactive culture of
@OrangeDAOxyz
:
Despite my internet connection problems, the teams took every interruption as an opportunity to share their weekly updates. No time lost.
When life gives you lemons, make orangeade.
I look
Thank you to
@ValerieTetu
, (prev responsible for GTM
@LidoFinance
) for the amazing presentation on Product at Orange DAO. Some of what we touched on:
- Narrative
- Standing Out
- Sales Funnels
- Identifying Users
- Consumer Mindshare
& much more!
@darylginn
*and interface.
Personal view: dark mode products don’t cross the chasm well.
The darkness is excess cognitive load, and does not trigger positive feelings.
Light mode is brighter - and the way a product makes you feel matters!
Something to appreciate about current AI products:
They train us to practice asking more questions.
Anything that nurtures more curiosity is a good thing.
my intro to Decentralised Identities:
thanks to
@backaes
for recommendations (go-to resource for DID tech docs @
@0xPolygon
)
1. Video primer (
@provenauthority
at ETHDenver):
@lucas__crespo
love this.
thesis: we will see more hardware derived from software (instead of software from hardware)
continued improvements in manufacturing and logistics efficiencies will make it possible.
Prediction:
More software companies are going to come up with proprietary hardware (keyboards, controls, screens, etc) to enhance their experience with custom short-cuts, interfaces, interactions, etc.
The diversity of human overlays is much broader than any program or model can access and apply.
think: intuition, emotion, imagination, interpretation, interaction, physical expression...
Develop your unique filters. It's a skill and a practice.
It is rare to find someone with a good intuition for design, product, as well as an acute sensitivity to culture and what captures attention.
Soren has all of the above - and is a great human to get to know.
Excited to see more of your work in the world!✨
@soren_iverson
Theory as to why we do not see enough companies founded and led by designers:
Having a gift of creativity can come at a cost: focus.
Creatives have the gift of rethinking things, of seeking the new, and exploring many alternate versions of reality at once.
They are gifted with
Theory about the future of UI:
UI will serve as the "experience premium" of software.
As the mediums of interaction with technology become increasingly integrated within our environment/ourselves, the role of the interface will change.
With voice, touch, gestures, and sensors,
Reading this tweet prompted the Q: is this thesis really conducive to what we really want to achieve?
Putting token monetisation (or incentives) before value delivery does not seem favourable on the LT - neither for the creator, the audience, or the market.
Thoughts💭:
Just as web3 networks can leverage tokens to bootstrap growth and overcome the cold start problem, a new playbook is arising for web3 creators to leverage tokens to bootstrap audiences in advance of actual content creation.
(3) Tokenisation can enable new expressions of value by providing us with a vehicle to represent it, and a way to interact with it through smart contract code.
examples: 👇
(6) Tokenisation makes it possible to exchange different forms of value with one another based on personal relative valuation - bypassing an intermediary medium of exchange.
A technological barter renaissance.
Everything that needs to be created needs to be designed: organisations, products, processes, materials, interactions..
Good thread by
@felixleezd
on design principles that can be applied to more than just UX.
feature disclosure in product should be algorithmic and dynamic:
UI/UX that adds and removes features based on user proficiency, behaviour, and intent detection.
the default version can be determined by the weighted average based on user value.
the problem:
streamlined UI kits and design systems displacing first principles.
the result:
new products and technologies built on old (and incompatible) interface paradigms.
the consequence:
undermining innovation's potential, use, and adoption.
@naval
Disagree - We remain primarily visual beings.
AI has the potential to express itself visually as much as other modalities.
One button can encapsulate multiple sentences. A well-designed visual interface remains the most efficient way to communicate and interact with software.
@levelsio
That’s because AI is not the product. It’s the tech stack.
And people buy products.
We conflate the 2.
(Unless you’re building foundation models)
Such a cool example of how good UI/UX can make powerful technology invisible, and (more importantly) useful.
Congrats to
@lassogg
for bridging real-world language to democratise understanding and access to on-chain data.
(a step closer to crossing the chasm!🏃♂️)
Introducing Lasso: The natural language search engine for blockchain data ✨
Search the chain, get data, and find alpha in your own words -- no SQL or complex smart contract understanding needed!
Sign up for early access here ->
A 🧵
A missing piece to crypto adoption is a culture of ownership.
Not ownership in the sense of asset or value ownership, but of radical personal responsibility.
There is an unspoken discomfort and reluctance to transition from a culture of blame to systems of direct attribution.
1/
developers pay for process.
users pay for outcomes.
developers want custom.
users want defaults.
developers go for utility.
users go for emotion.
developers like complexity.
users like simplicity.
tldr:
if you are a developer who wants users, don't build for yourself.
(2) Tokenisation enables value to be recorded, transacted, programmed, and verified on-chain.
What we value encompasses more than productive or tangible assets and mediums of exchange.
What we value can be intangible: our relationships, reputation, knowledge, etc.
@scottbelsky
Yes - which also puts apps that require active engagement at a disadvantage vs passive.
e.g. amo is super creative, but requires spending time without getting any outcome from it - vs twitter where you can get value from the content you read.
probably need to think more about