A new way to represent our skill set: @jrdprr explains the Fathom project which aims to capture what falls between the cracks between institutional credentials
thethirdweb.net/2019/06/03/dec…
"The narrative we’ve been told is that traditional fiat money isn’t backed by anything and it’s all gone to hell since we went off the gold standard. This is a complete lie."
@dominic_w@dfinitythethirdweb.net/2019/01/13/the…
@macaddress007 @ArthurFalls@dominic_w@dfinity mmm, none the less, what I describe, and what i mean to describe, is the way that money functions today. We are talking past one another. To avoid future confusion I will say that the obligation to repay loans "shnoodles" money today.
@macaddress007 @ArthurFalls@dominic_w@dfinity We mean different things by the word "backed". The principal of a loan is a liability on a commercial bank's balance sheet. The obligation to repay is an asset. Both come into existence atomically, thus the obligation to repay the funds "backs" the money.
Social coordination based on a central source of truth existed long before blockchain. @benvickers_ discusses innovation in organization structure from The Rule of Saint Benedict to the Bauhaus.
thethirdweb.net/2019/01/24/cod…
@macaddress007 @ArthurFalls@dominic_w@dfinity It's a little more nuanced than you describe, and as described in the video, fiat is created when a commercial bank loans money to someone. There are limits on the conditions under which banks can loan money and this is the limit on supply.
It is developing nations that will see the deployment of blockchain and other technologies of human coordination - Amir Taaki, @Narodism on seeing the bigger picture of technological empowerment
thethirdweb.net/2018/12/17/ami…
Ever greater control. . . The actor model is a software design paradigm tasked with managing our telecommunications networks and secure servers. Increasingly it is being applied to the software platforms that power #web3thethirdweb.net/2018/12/12/the…
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