Web 3.0 primer and reading list

A while ago I posted The Great Online Game – Not Boring (Podcast link). Which tied together a few things I’ve been thinking about but couldn’t place or put together. As a continuation of the theme, there are a few other articles that could do the same for you.

Packy McCormick of Not Boring has the last 10 months written about Web 3.0, crypto, and what that means for the internet going forward. Which opportunities lie in the proliferation of crypto. How will crypto integrate into our lives.

Reading list

Added podcast links too.

  1. The Great Online Game (podcast link)
  2. The Value Chain of the Open Metaverse (podcast link)
  3. Dao of Daos (podcast link)
  4. Own the Internet: The Bull Case for Ethereum (podcast link).
  5. Is BlockFi the Future of Finance (podcast link)
  6. Power to the Person (podcast link)

After you have read it all, please give feedback on the ranking. Am not super confident that Dao of Dao’s should be before Own the Internet. The reasoning is that DAOs are a structural thing and Ethereum is a specific blockchain. The fifth on the list should also be taken as a general intro to DeFi and not as a BlockFi take. There is also an argument to switching 6 and 1, might update that later.

I’m impressed with Packys writing and his vision of the future of the internet and am excited about that future. We need a more positive view on tech, as Caleb Watney (direct link to episode) talks about – is there something to cultures who produce more positive science fiction books than dystopian have a faster innovation cycle. All the current business leaders were heavily influenced by science fiction – Peter Thiel, Elon Musk, Steve Jobs, Jeff Bezos, etc. Packy gives a good view into the next possible innovations with these great articles.


This week in podcasts #4

The External Medicine Podcast — The Invisible Graveyard: A Conversation with Economist Alex Tabarrok

https://overcast.fm/+qKQGddbZM

This episode is good. Alex goes further into his thinking on covid. He has been right all along and it took a year and then New York Times pointed it out too. We have some of the same blindspots that he highlights in Norway as well. When he talks about externalities we should listen.


Bruce Meyer on Poverty — EconTalk

https://overcast.fm/+ne6Y32qe4

A good look into poverty in America, both practical and academic. How many stay in poverty for long periods of time and how do you measure that? Are you poor if you have a TV?


The Breakdown – Revisiting Paul Tudor Jones’ ‘Great Monetary Inflation’ Thesis

https://overcast.fm/+N79e2s8J4

If you are interested in crypto this one is fantastic. NLW breaks down Paul Tudor Jones’s paper The Great Monetary Inflation(link to PDF) which starts as follows:

The depth and magnitude of the economic drop-off took modern monetary theory—or the direct monetization of massive fiscal spending—from the theoretical to practice without any debate. It has happened globally with such speed that even a market veteran like myself was left speechless. Just since February, a global total of$3.9 trillion (6.6% of global GDP) has been magically created through quantitative easing. We are witnessing the Great Monetary Inflation (GMI)—an unprecedented expansion of every form of money, unlike anything the developed world has ever seen.

The podcast covers:

– The context and previous attitudes towards bitcoin of both authors of the letter
– The “Great Monetary Inflation” thesis driving a focus on stores of value
– How money supply growth compared to real economic output growth hasn’t been this out of sync since inflationary periods in the 1970s and 1980s
– The “Inflation Race” – a list of 8 potential inflation hedges
– The four categories by which a store of value can be judged: purchasing power, trustworthiness, liquidity, portability
– A ranked look at bitcoin, gold, fiat, and financial assets in the context of those four categories.


All-In – Wuhan lab leak theory, India’s “traceability” law, Coinbase’s fact check, Big Tech’s Hollywood takeover

https://overcast.fm/+Ylhkuxnpw

This week’s All-In is interesting when they talk about Coinbase going the media house route. I’m planning on writing a collection piece on this later. The other intriguing aspect was the discussion around the value of content. Does a user care that Hollywood made $100 million when you can get great content for free on TicTok, YouTube et al.?


Breakdown – Cathie Wood on Where Bitcoin Fits in a World With Deflation Rather than Inflation

https://overcast.fm/+N79ccZdSo

There is another episode of the Breakdown that was interesting. It’s an interview with Cathie Wood and y’all know I find her fascinating. She sees things differently and puts her money where her mouth is.


Modern Finance – Brave, The Privacy and Crypto-Friendly Browser with Brendan Eich

https://overcast.fm/+sjYka8ALw

The last pod this week is an interview with Brendan Eich, founder of the Brave browser (good browser). He also invented JavaScript, he’s kinda a big deal. While it’s from a crypto podcast I would still recommend the episode to those who aren’t interested in crypto. Most of the way we work and innovate is browser-based, but always apps in the browser. We seldom look into the browser itself, they work. So how do you innovate in the space?


Conversations with Tyler – David Deutsch on Multiple Worlds and Our Place in Them

https://overcast.fm/+TSJnAD_4A

David is a weird cat, in the best way. He pushes back a lot which is nice, that never makes for a fluid conversation – but we don’t listen to Tay Tay for that.

This tread from Michael Nielsen is good. More after you click.

Digital Horses Are the Talk of the Crypto World – NYT

https://www.nytimes.com/2021/05/01/style/zed-run-horse-racing.html

“A breathing NFT is one that has its own unique DNA,” said Roman Tirone, the head of partnerships at Virtually Human, the Australian studio that created Zed Run. “It can breed, has a bloodline, has a life of its own. It races, it has genes it passes on, and it lives on an algorithm so no two horses are the same.” (Yes, owners can breed their NFT horses in Zed Run’s “stud farm.”)

“Most NFTs, you buy them and sell them, and that’s how you make money,” Mr. Taub, 33, said. “With Zed, you can earn money on your NFT by racing or breeding.”

Fans of digital horse racing often talk about the “metaverse,” a shared space where physical and virtual reality meet. “My opinion is that Zed Run will be the first digital sport of the metaverse,” said Mr. Greenfeld. “People are going to root for horses and stables, and become fans. There are horses that are already celebrities in the ecosystem. It’s global, there’s no language barriers and it’s 24/7. It takes the best of crypto, NFTs, esports, streaming.”