Fascinating insight on DAOs, enjoyed reading this so much. I think DAOs are most suited for tools the usage of which is a network effect, like money. Money has value only because of its network effect of trust. DAOs that implement money have the largest potential because money coordinates human action at world-scale.

What if the Mighty USD does inflate? What would happen to the value of stablecoins pegged to USD if the USD does inflate uncontrollably? This is still a hypothetical question, but still a good question to ask at this time. There are several kinds of stablecoins, but I won’t even…

Bravo Liquity! That's a black swan event and the protocol / algorithm performed as designed. Quite amazing. A bit like Perseverance landing in Mars - worked flawlessly.

I have been a programmer (or, more mystically, software design engineer) since the early C language days. I am old and wise, so please listen like a padwan to a master jedi. No matter which programming paradigm you use — object oriented language and design patterns versus functional programming, or…

Now that Ethereum is poised to adopt EIP-1559, it helps to rethink the original purpose of gas fees, namely that it’s solely for security. This discussion is crucial for networks that are Ethereum Virtual Machine (EVM) compatible: such as Hedera Hashgraph, Binance Smart Chain, Harmony, etc. The rationale for gas…

Jack Ma climbed the economic ladder until he reached the pinnacle where he met and fought against regulators backed by political giants. He lost the battle and his company’s bid to become the largest IPO ever, but that’s not the end of the story. The story not only has moral…

Your cell phone is very easy to use and yet it’s one of the most complex man-made things in the world (probably in the universe). …

In a previous article, I describe how money has value. The value of money is based on value-trust: the person accepting any form of money places trust in the value of that money and that trust is not misplaced because it is based on all the trust that other people…

One thing that the current crop of stablecoins don’t seem to include is a strategy for mass adoption. Practically all stablecoins currently announced or already in use come with a general algorithm on how the exchange rate of each with respect to everyday goods is kept relatively constant. Tether’s USDT…