05/26/23: Greetings... I am* seeking to join a project or protocol or find teams wanting new ideas. My ideal scenario would involve joining or partnering with blockchain accelerator/s for concepts and solutions I've alluded to in my posts. (*Was. Oct. 1 to now: The focus is to directly launch the UCC 4.0, see bottom.)
There are about half-dozen to a dozen (yup, and that's just as of last week) concepts with overall research done and nearly ready to go--as per my some 10,000 hours studying the "blockchain thing" plus a few more 10,000 hours spent in tech startups and general businesses.
The top three are: to make blockchain-crypto usable in the regular world (thread opened 2017), by regular people, by regular businesses and institutions, with regular laws; to make DeFi liquidity usable in the analog TradFi and with all the benefits of the digital Defi, and serendipitously turns out that it is to be Sharia law compatible; Tokenization framework to be the underlayer and enable all other tokenization models (platform-marketplace-exchange); etc. The concepts are both pure-play in blockchain, e.g. algorithmic stable*-any-local-coin-peg version of TerraLUNA*, and for real-world asset tokenizations, starting with real estate. (*I have improved its flaws and the aspirational objective is to be universal to all protocols without using bridges and wraps. I believe the thesis is good 'nuff to start.)
I am discovering-developing-devising-denominator methodologies for the blockchainization and tokenization of anything. Less than 2% of potential use cases and financial values have been converted and the advent of AI has 1) accelerated this conversion process and significantly sped up the iteration and cycling time and 2) increased the surface areas.
My ideating/inventing methodologies are unconventional. Here are a few examples:
1) I ask myself, "Should" the crypto space have a purely algorithmic stablecoin (non-backed, even by other crypto collateral)? Why or why not? Well, no need for the Why not as we are way past that, so just design for it: Money 3.0.
2) I deconstruct our understanding of money, its origins, how the fractional reserve bank model works, the contractual binding and exchange of the future value of labor, attention, creativity, etc. for the present value liquidity.
With this foundation, "gentlemen, we can rebuild (money & currency); we have the tech". Money 3.0: ...better, stronger, faster and trustlessly inclusive and sustainable.
Of course, we want a trustless currency that can be universally usable (as is the USD currency), starting first in the crypto space, and then in the physical, yes?
Another opportunity and question is: How can I make real-world lending as riskless as DeFi lending? I've applied similar approaches to solve for the "taking DeFi liquidity to real-world lending". I was stumped for a while. Then I decided to look at it from a most basic point: I deconstructed the definition of "decentralized lending". This led to unexpected discoveries, such as that decentralized lending leads to peer-to-peer and to have Sharia law compatibility.
One more example. I asked myself: What "should" be Elon's crypto strategy at Twitter... Yes, and solve for it by taking into multiple considerations to solve for, including "What are the biggest adoption challenges of cryptos for the 98%". Imagine this: Onboarding into the crypto space, of Twitter's 300 million MAUs (800 million registered accounts)... and wallets: elon.twitter.com. My concept: A curated walled-garden crypto sphere at Twitter safe from the risks and dangers of the open crypto space, plus the algorithmic Money 3.0 (opening market cap could equal a meaningful percentage of Twitter's purchase price, perhaps $25 to $50 per MAU account?), and an option for Dogecoin as a limited governance coin for the Twitter-sphere.
May 30. On a tear:
Today marks 2 months since a friend told me GPT4 is A- student vs. the C which I had barely paid attention to. The GPT4, in the 2 months, has enabled me to breakthru and close out some dozen concepts that I had been carrying, some for years, and what do you know, it’s all formulaic, select-rinse-repeat.
Using it daily, some 75+ prompts and it could respond back instantly to questions like:
... hey, what is the token thing in software and how did it change in Web 1 code snippets), Web 2 (authentication, got functional), to now Web 3 (sublimed to values), and what could happen when it meets AI;
... oh wow, Web 3 requires us to stake-in, as in, buy a stake, whereas Web 2 was free, so the new brave new world requires a conscious activity of staking-in;
… plus found Sergey’s unassailable-irrebuttable-irrefutable-irr...;) bold brilliant advocacy-expoundtions of mathematic determinism inevitability inspirational and saw the approach as an all-win-win foil and thus no need to go over the top;
... also hey, if the 98% thought Web 3 was complicated and also don’t want the self-governance responsibilities, the AI has just made 100x more so, so then how to solve this … oh I see, the AI is going to become the biggest consumer of trustless-truths;
... and the mating of Blockchain and AI > new strategies for L0 and L1 and the fractalizing at the edges and the pace of tech has been changed from nouns to verbs…where if you wait to see the effects, you may get passed 😉, more astoundingly now are the formerly undiscussed topics, what is and where is consciousness, are unavoidably ragingly debated in public; extraordinary epic times we just have been gifted: partnering AI, we can now explore to directly tokenize consciousness and time.
June 05.
Deep into studying AI since May 30 as I posed the question of: What "should" be Blockchain's answer to AI. Mainly, I am deconstructing what they both are trying to get a handle and firm footing. I came up with several things: that whatever it is, it is almost if a gauntlet has been thrown and is "an existential battle"--do we double down on Sergey's determinism or become domesticated; other is that we solve for a unification win-win layer; and finally, just realized that the blockchain space cannot go forward without solving this question, i.e., no product release, no protocol evolution without choosing the answer.
Jun 15.
I believe I finally found the implementation strategy to "all of the above", actually to all or most of the opportunities, challenges, and problems to solve I alluded to in the posts here--including that if we want to have the 98% to use blockchain that we had to solve the impossible complexities and responsibilities of the UI/UX, the risks and dangers and that the regulatory compliances have to be built into our processes for them; solving teh impossible complexities includes the problem/challenge I have been carrying for 6 years, which is for my grandma to leave her wallet open and be secure; the matter of mixing the water (DeFi) with oil (TradFi, and real-world) where I have been looking for the emulsifier strategy for 3 years--but, to unify all is the path but I got stumped again and again at the implementations, then yesterday I saw the brilliant AI + Blockchain + DAO solution and call to arms vision, and that the DAO is the key as it bridges both worlds.... the AI is a gift to the blockchain, we must embrace it fully.
It's the AI that is to be the great unifying enabler of the opposing decentralized and the centralized. The intransigent duality of the Yin and Yang forces are irrefutably harmonized by this third entity. Systematically planned, researched, and developed over decades, its destiny to be the new operating system, optimally be added to be the new part of the denominator for all equations, and to take on the unifying task to promote, facilitate, and nurture balance as the inevitable outcome of its role and destiny. The sooner we all embrace this, the sooner we usher in the future. So, are we there yet?"
July 7.
Day 10 since starting the deep dive--after learning about rehypothecation and Shadow banking. (Perhaps, the last of many such dives on my way to ideating out the PeerLayer Unification system and platform model.) I am astounded at the ingeniousness of the simplicity of this -- the extraordinary breadth, influence, and scope of this practice and how intractably deeply embedded and interwoven dependence of the naked leveraging, and that the necessary systematic congenital gamesmanships are settled into the business and policy standards and the backoffice and settlement infrastructures ... and yes, this incredible complex multi-dimensional Rubik's Cube machine somehow works, and manages to close the book daily even ... albeit aided by the tolerant wiggle factor of the golden hour as the liquidity chain must go on. I see now that the business model of the planet is debt creation and liquidity, yup. And ... the only visible and viable way to continue is to somehow get the blockchain to be ready for prime time to absorb the next 10s of Trillion in Debt creation and due to the instant settlement much-much less leverage and hard collateral is needed. And now I can see how Bitcoin will get the liquidity to hit $1 mil. BlackRock and others' couple of hundred billion in EFT funds will be rehypothecated multiple on multiples. And, now I know what and who is on Mr. Powell's mind and the Fed's when they make their adjustments, and it's not Mr. and Mrs. Jones.
TL;DR:
The purpose of Blockchain is to dematerialize the centralized. Blockchain extends the 4th industrial wave which dematerialize things and traditional business models such as cameras, magazines, taxis (Uber), AirBNB, banks, etc. – to now to begin to dematerialize the traditional centralized banking and financial models and to extract inefficiencies, time (yes time), generations of wealth, etc. stored and stuck in the centralized structures (well selectively...) But it needs help on several levels if to go prime time (e.g., the immutable complexity, the trustless-consensus truth, dangerous open space). The AI is the one that Blockchain didn't know it was waiting for. AI changes everything. Its advent at this time is fortuitous and serendipitous. The immediate purpose of AI is to synergistically partner with Blockchain to help in the transition and migration to the new systems and paradigms for the new brave new world and importantly to ensure minimal pain and to enable win-win during the dematerialization phases. By unifying the mathematical digits of AI and Blockchain, we get the new AI-Blockchain Consensus (ABC) which underpins the PeerLayer Unifying Consensus (PUC). AI is the new Grand Operating Denominator (GoD). I am ideating out the unification of the decentralized and the centralized, blockchain with AI, the smart tech with the real-world tokenization, enabling a new unified consensus, etc., the Trustless with the Trusted, the mathematical determinism with regulatory compliance ... Perhaps the modern original sin of banking was the first rehypothecation of collateral by a Venice banker ~1000 years ago which started the chain of rehypothecation which continues to today and this uncorrected pebble in the shoe asks for systematic workarounds and moral compromises. Rehypothecation is a key tool that helps to administer the world. The PeerLayer Unification seeks to tokenize aspects of this traditional rehypothecation with win-win benefits for both the decentralized and centralized assured by AI-administered governance (don't mind the hysterics) and then to eventually expand to be the world governance model. After the gift of AI, the only mathematically possible choice is Unification, and now the world can transition from the absurd to the sublime.
The beauty of it all, and the gratitude for the direction ... albeit to hurry as ...
Oct 1 - Nov 19: The Unity thesis in implementation becomes Network 4.0
If -- the regular world social communities, collectives, local networks, etc. are Network 1.0; the digital social networks (e.g., Facebook, etc. ~2000s) are Network 2.0; and the digital + the value blockchain is Network 3.0 -- then the Unity of all these three together plus the AI and Half-baked is Network 4.0. Interestingly, the application of Unity to the duality of decentralized and centralized solves-for every implementation whether technical, business, or regulatory.
If -- Code of Hammurabi is UCC 1.0; the Bible and Romans UCC 2.0; the rise of the Industrial age and end of Kali Yuga Iron Age (1698) to the present (Bronze age, alloy) is UCC 3.0 -- then UCC 4.0 is the Unity + Network 4.0 + Halfbaked.
