“web3 according to crypto world as decentralized / blockchain peer 2 peer applications”
13:27
I see A LOT of excitement around dApps
13:29
I know we are looking to practical application of AI in the near future and I’m curious what our shared POV is on blockchain (not wishing to focus the conversation on crytocurrency/trading/greed per se)
Peter 13:38
the short version is: we hate the fact that all of the brightest minds of our generation are toiling away their brilliance in a 99% pyramid / ponzi scheme aimed at monetary gains that consume a lot of precious energy (similar to our thoughts on flashtrading / stock market arbitration)
the slightly longer version based on my recent studies is: there is clearly a big demand for transparent markets, secure peer to peer transfers without trusting 3rd parties, cutting out middlemen, true digital ownership, true personal cryptography, true personal privacy. one of my biggest concerns is that if these blockchains do stick around and get adopted, that a lot of power and influence is shifted from democratic institutions to a small number of cryptokiddies that own a disproportionate amount of the available tokens because they were early in the game, and it seems that they are mainly focussed on which lamborgini they are driving or turning the arts world into a ponzi scheme rather than fixing global issues.
Circular makes use of the “hyperledger” project, which is an open source community creating a suite of frameworks that can provide the underlying software for these blockchain concepts. If we would start anywhere that’s where I would experiment there