- Building
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- Nov 07, 2020
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- Last Updated on May 30, 2021
- Coinbase
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- Nov 07, 2020
Ethereum will be a first-class citizen on Coinbase.
- Back
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- Nov 07, 2020
AIs are only as good as the data they are trained on. And while many of the tech giants working on AI, like Google and Facebook, have open-sourced some of their algorithms, they hold back most of their data.
- Create
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- Nov 07, 2020
To create an open protocol which helps coordinate resources towards a common goal, the resources need to be known at some level in the same way a lot of of data on the web needs to be public for it to be traversable and useful.
- More
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- Nov 07, 2020
AIs trained on open data are more likely to be neutral and trustworthy instead of biased by the interests of the corporation who created and trained them.
- Doing
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- Nov 07, 2020
OpenAI is doing important work by releasing tools which promote AI to be developed in the open. Compute power is largely produced by NVIDIA and Intel and still relatively expensive but openly purchasable. Blockchains may be the key final ingredient by providing massive pools of open training data.
- Digital
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- Nov 07, 2020
Blockchains are digital organisms. As organisms evolve through changes in their DNA, blockchain protocols evolve through changes in their code. And like biological organisms, the most adaptive blockchains will be the ones that survive and thrive.
- Fields
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- Nov 07, 2020
Private funding was one of the first methods used when MIT funded Bitcoin core developers Gavin Andresen, Wladimir van der Laan, and Cory Fields in 2015.
- Hope
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- Nov 07, 2020
Public crowdfunding still suffers from a tragedy of the commons problem. Everyone will want the benefit of the crowdfunded efforts but is incentivized to sit on the sidelines and hope others chip in.
- Challenge
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- Nov 07, 2020
The self-driving car revolution was kicked off by The 'DARPA' Grand Challenge to make an autonomous car traverse 132 mi. of a desert.
- Different Things
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- Nov 07, 2020
Scaling is multidimensional. Different methods address different things.
- Beyond
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- Nov 07, 2020
Working on a token is similar to working on a startup: higher risk and lower initial impact but higher upside potential. How core protocol work is best funded beyond the initial Ethereum Foundation endowment is an open question, but likely further out.
- Being
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- Nov 07, 2020
Not having sub-governance would be like anyone who owns USD being able to walk into a Google shareholder meeting and voting without owning Google stock just because Google shares happen to be denominated in USD.
- May
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- Nov 07, 2020
Ethereum may make monetary policy decisions like, 'Let's do 1% inflation to support the ongoing development of the Ethereum protocol.' A token built on Ethereum might want to do the same.
- Ground
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- Nov 07, 2020
Tokens align incentives between developers, contributors, users, and investors. They allow everyone who wants to contribute to a project early the opportunity to get in on the ground floor.
- Matter
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- Nov 07, 2020
I'd guess blockchains will be the full-blown backbone of virtual worlds - the system for currency, assets, identity, even governance - before doing the same in the 'real world.' Which is where I think we will end up in the real world eventually; it's just a matter of which goes first and how long until it's the case for both.
- Like
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- Nov 07, 2020
Just like mutations to DNA in biological organisms allow for evolution through natural selection, forking lets us run multiple experiments in parallel where the strongest versions survive.
- New
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- Nov 07, 2020