Don’t think this has been posted yet, but I thought the situation in Myanmar would be of interest to some community members. Not something Safe could’ve helped with directly in this case, but insane nonetheless. The first thing to go during the takeover by an authoritative regime is free speech, so it’s uplifting to see that the people of Myanmar were able to get Internet restored after having it be revoked just after the military coup.
Yes I watched it again without beer and he makes some good points. The elephant in the room though, and the thing that made me feel I was listening to a salesman, is that it’s all about bitcoin. What if the currency of choice turns out not to be bitcoin, but something easier to use and mine from the off? It was interesting he didn’t really go there at all (and obvious why given his business) but it left a bit of a hole in what was otherwise an interesting talk.
Me too, but it’s all still very new to the corporate world so the change could happen quickly if something more efficient or better in some other way comes along. I wonder how easily they’d be able to switch? Maybe not a big deal if exchanges are easy to use.
He talks about Kusama and Thorchain … Thorchain is very interesting to me - as it’s a decentralized exchange backend that may (probably will) allow privacy coins … that will IMO inevitably allow for Safe tokens.
EDIT: Speculation is that Binance is behind development at Thorchain.
What’s wild is that many of these specific and separate network types would exist within the Safe Network. The internet itself is the network of networks and so will be the Safe Network.
Physical – infrastructure, typically utilities (eg roads, landlines, electricity)
Protocol – a common standard for operating (eg Ethernet, Bitcoin, VHS)
Personal Utility – built on personal identities (eg WhatsApp, Slack, WeChat)
Personal – built on personal reputation (eg Facebook, Instagram, Twitter)
Market Network – adds purpose and transactions (eg Houzz, AngelList)
Marketplace – enables exchanges between buyers and sellers (eg eBay, Visa, Etsy)
Platform – adds value to the exchange of a marketplace (eg iOS, Nintendo, Twitch)
Asymptotic Marketplace – effect depends on scale (eg Uber, OpenTable)
Data – data generated through use enhances utility (eg Google, Waze, IMDB)
Tech Performance … service gets better with more users (eg BitTorrent, Skype)
Language … a brand name defines a market or activity (eg Google, Uber, Xerox)
Belief … network grows based on a shared belief (eg stock market, religions)
Bandwagon … driven by social pressure of fear of missing out (eg Apple, Slack)
Was talking to someone and it was pointed out that this is a huge strategic move by Elon to shore up his share price which is over inflated at the moment. By converting his shares at around 1000$ to BTC it will buffer the share price correction that is due to happen sometime down the track. And on top of that the price drop in his shares will likely be less now than the rest of the market because he has the huge BTC holding.
