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#crypto

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"It sounds too preposterous to believe, but ... #DonaldTrump loves the idea of creating cities that exist outside of federal authority, putting out a video in 2023 promising to give over federal lands to #oligarchs to begin their mini-dictatorships. #Tech executives, fueled by their ill-gotten #crypto gains, are heavily lobbying congressional #Republicans right now to make this #dystopian dream happen."
salon.com/2025/03/17/the-dysto

#ElonMusk#Musk#Coup

So far, I have been delving into the #Web3 and #crypto debate only superficially, as the very few notions I got led me to abhor any kind of technology related to the #blockchain.

Since I started my new job at @dweb, though, I am finding myself revisiting my position by deepening my knowledge on the topic. I am mostly drawing the same conclusions—crypto is terrible—yet I am glad I am learning more also on what I am very critical about.

I am particularly thankful to @mai for writing this article, which I believe is a great starting point to develop an informed opinion.

Above all, as mai points out, nothing is all-bad, and there are for sure ideas and practices that can be learned (as cautionary tales in the worst case scenarios) even from problematic technologies, communities, and/or founders.

ffdweb.orgFFDW DWeb Digest: The Debate Over DWeb vs. Web3 & The Decentralized Elephant in the Room

Guys I've been thinking about this recently
So the telegraph has existed for a while, and became widespread in 1800s. Charles Babbage worked on the first mechanical #computers in the 1820s

What would be the earliest point in time in which a #Bitcoin like #Blockchain could've been made?

As I understand it all the system needs is a #network of computers each running a program that checks for transactions

I'm wondering if a different hash function was used it could be a lot simpler to implement into hardware, but if mechanical computing wasn't powerful enough for that the earliest might've been after WWII with the code breaking machines that the Allies invented

Any boosts would be greatly appreciated!

Increasingly questionable as to whether the “full faith and credit” of the US government has meaning on the international stage anymore.

In the best #Trump tradition, various default scenarios seem increasingly likely. The days of the #USDollar position as the world’s reserve currency appear to be numbered. I’m sure the #crypto folks are delighted

#USPolitics #Economics #USDebt

cnbc.com/amp/2025/03/12/ray-da

CNBC · Ray Dalio warns that mounting U.S. debt problems could lead to ‘shocking developments'By Sam Meredith
This was a post from 7 years ago: We do live in interesting times — again — for the #openweb. Let’s try to do better than last time 🙂. The truth is, we completely messed up the last decade of tech development. And yes, we lost a critical battle around 2008. What followed was a lost decade where #openweb tech devolved into a steaming pile of #techshit. Maybe it’s time to start composting? Do you need a shovel? #OMN
Q: What exactly is being proposed here? Can you explain the vision in more detail?

A: The vision is pretty straightforward: use the #4opens as a foundation to replace Google’s gatekeeping of search. The idea is to build #openweb projects that can initially supplement, and eventually replace, the #dotcons in this space. Whether or not the #fashernistas push this mainstream is secondary — the work is worth doing either way.

On the #OMN side, the current focus is rebooting #Indymedia as a decentralized, trust-based publishing network, and launching the #ResistanceExhibition for public archiving of grassroots struggles. These are tangible, practical projects built with a #KISS approach to keep things simple and functional, rather than getting lost in the usual cycle of over-complication.

We’re also seeing a wave of #fashernistas flooding into #openweb development. Expect to see plenty of replays of the #geekproblem as people chase trends rather than build sustainable solutions. Hopefully, this will be balanced out by a continued focus on healthy #4opens development — the kind that centers community needs over tech fetishism.

At least for now, the #encryptionists have been pushed into the background by the spectacular failures of #crypto fantasies. But if we don’t actively build alternatives, these bad ideas will keep coming back. The key is to stay grounded, keep shoveling the compost, and grow something real.

The future of the #openweb isn’t going to build itself — but the roots are still alive. Let’s dig in.

This was a post from 7 years ago: We do live in interesting times — again — for the #openweb. Let’s try to do better than last time 🙂. The truth is, we completely messed up the last decade of tech development. And yes, we lost a critical battle around 2008. What followed was a lost decade where #openweb tech devolved into a steaming pile of #techshit. Maybe it’s time to start composting? Do you need a shovel? #OMN
Q: What exactly is being proposed here? Can you explain the vision in more detail?

A: The vision is pretty straightforward: use the #4opens as a foundation to replace Google’s gatekeeping of search. The idea is to build #openweb projects that can initially supplement, and eventually replace, the #dotcons in this space. Whether or not the #fashernistas push this mainstream is secondary — the work is worth doing either way.

On the #OMN side, the current focus is rebooting #Indymedia as a decentralized, trust-based publishing network, and launching the #ResistanceExhibition for public archiving of grassroots struggles. These are tangible, practical projects built with a #KISS approach to keep things simple and functional, rather than getting lost in the usual cycle of over-complication.

We’re also seeing a wave of #fashernistas flooding into #openweb development. Expect to see plenty of replays of the #geekproblem as people chase trends rather than build sustainable solutions. Hopefully, this will be balanced out by a continued focus on healthy #4opens development — the kind that centers community needs over tech fetishism.

At least for now, the #encryptionists have been pushed into the background by the spectacular failures of #crypto fantasies. But if we don’t actively build alternatives, these bad ideas will keep coming back. The key is to stay grounded, keep shoveling the compost, and grow something real.

The future of the #openweb isn’t going to build itself — but the roots are still alive. Let’s dig in. 🌱

"A new report warns of 'profound risks' in American politics as cryptocurrency companies increase their political spending and Donald Trump oversees regulatory retreat while promising to create a 'crypto strategic reserve''."

~ Martin Pengelly

#Musk #Trump #TechBros #crypto #cryptocurrency #bitcoin #billionaires #EconomicElites
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theguardian.com/us-news/2025/m

The Guardian · US rise of cryptocurrency and fall of regulation pose ‘profound risks’ – reportBy Martin Pengelly