The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 16 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Walden: A large portion of proof-of-work mining energy comes from renewables
“I'm not, you know, defending this practice, but I'm just noting that a lot of these emissions are either sort of latent or a large part of the energy mix of proof of work mining is from renewables.”
Walden: Crypto tokens allow users to earn ownership without full-time employment
“And so I think this is a really profound idea where it's going to change the way that people come to work and that they won't have to go and become a full-time employee to earn some ownership value for the value that they contribute to the platform or service …”
Walden: Smart contracts are wildly more efficient than music industry royalty systems
“Contrast that with royalties in the music industry, which is like a completely opaque system with many layers of middleman that are each taking a cut, right? It's a wildly more efficient architecture. That's uniquely made possible by blockchains and smart cont…”
Walden: Open NFT media libraries let developers build the next Spotify
“One way to think about what's happening with NFTs is we're building this universal open media library on top of which any developer can build the next Spotify or build the next Instagram or build the next Facebook. And when there's a lot more competition, ther…”
Walden: Reproducing a digital file increases its NFT's social and financial value
“So I would say that the number of times a file has been reproduced on the internet is directly correlated to the value of that file's NFT. Meaning the more times a piece of media gets shared online, the more social value it has.”
Walden: People will crowdfund big ideas by purchasing tokenized blog posts
“So you can see this idea going a lot further where new big ideas enter the world as blog posts and people crowdfund those big ideas that they want to see happen in the world and become part owners in the blog post that becomes the sort of canonical representat…”
Walden: NFT 'patronage plus' models may grow creator markets beyond Web2
“And I think that plus is really key because it's a very strong incentive to become a patron in the first place. So patronage plus may end up growing the market way bigger than patronage that we saw in web two.”
Walden: NFTs make digital files ownable media assets on the internet
“NFTs are a way to make digital files ownable. Instead of a financial asset, you can now own a digital media asset on the internet. And that's why the file metaphor is apt. You can now own a JPEG, own an MP three. And what you're essentially doing when you crea…”
Walden: NFTs programmatically route secondary resale royalties to original creators
“The secondary resale of an asset can be programmatically constructed such that any time the NFT changes hands, a portion of the resale value goes back to the original creator.”
Walden: NFTs establish permanent cryptographic provenance for internet media
“Whereas today, think about an image you see on Instagram. You could screenshot that, you know, crop it, and then paste it on another platform. So like, repaste it on Facebook. And as soon as you do that, you break its entire history, its entire provenance. You…”
Walden: Internet distribution platforms will soon socially credit NFT owners
“And I think very soon we'll see that these owners are credited socially on platforms where that work is distributed.”
Walden: Roughly 10% of Americans owned cryptocurrency as of April 2021
“So we now live in a world where roughly 10% of Americans own cryptocurrencies.”
Walden: Crypto market frenzies drive lasting infrastructure and mental models
“Markets drive, you know, they're volatile and they drive these speculative frenzies, but they also drive infrastructure and mental models that stick”
Walden: Crypto-enabled collector DAOs will increasingly pool resources to purchase NFTs
“And I think we're going to see a lot more of that.”
Walden: Public blockchain data makes financial and transactional forensics much easier
“In one sense, you could argue that blockchains actually make the job of forensics a lot easier because all the information is publicly accessible and available to anyone.”
Walden: Crypto assets enable the instant global distribution of ownership value
“Now it's possible to send ownership value, whether an NFT or ownership of the Bitcoin network, which you can now send that anywhere in the world instantly. And as a result, you can make anyone an owner on the internet.”