The Impostors Way

The general concept behind a digital pseudonym is to build coherent relation to identity without doxxing oneself. Doxxing is the act of publicly revealing previously private information about yourself.

For this pseudonym to be useful it needs to show a proven track record in order to build reputation. Only then an employer can hire you for a freelance project or will your followers buy some of your books. Your pseudonym has to be able to build trust through its actions over time.

Learn with me about 'digital public goods'. What are 'public roads' of  cyberspace? How we make sure they are accessible to all members of  society? Namely we'll cover decentralised social media as one very  interesting use case of blockchain based applications.

Covering NFTs, "tokenising people" and "direct marekts" in this chapter. The question we want to answer is: How can blockchain help creatives to get paid for their work?

In my personal opinion the creative space on blockchain is one to watch. Reason being that creatives have suffered to monetise their work in a digital world. And art and music are at the heart of our culture. This makes blockchains solutions relatable and creatives can bring them into the mainstream.

The simplest summary I’ve heard here is that “fintech is building the new frontend for the financial system while blockchain based protocols are replacing the backend”

Read up: https://theimpostorsway.com/2021/07/18/blockchainland-chapter-4/

"An open decentralised system is one in which the entry of peers is not regulated. Any peer can enter or leave the system at any time." (src)

The axis between decentralisation and centralisation has trade-offs. For the last decades the world has been moving more and more activity (speech and economic activity) to the beautiful cyberspace. And the balance has grown heavily towards centralisation. Decentralised economic infrastructure through blockchain technology is a counter force to that trend by providing free access to banking and payment services to anyone with an internet connection.

Agreeing on truth with lots of involved parties that act on eye level is hard. Hierarchies and a central point of authority help here. Blockchain technology explicitly wants to avoid this authority figure and therefore had to solve the 'finding truth problem' which is also called 'permissionless or trustless consensus'. There are several ways of achieving consensus and different blockchain projects are trying them out. Each consensus model comes with risks and benefits. For Bitcoin it is 'proof of work' which makes sure the ledger (who owns how much and transferred value to whom) is kept intact and can't be manipulated.

The opportunities for how to use digital scarcity are endless and are currently being explored. Digital gold is just one use case. Because a lot of money is involved it is also the one that attracts most of the attention. Obviously applications of digital scarcity haven't arrived in the broad mainstream yet. They will in some form or another at some point. And I hope I could tease your minds a bit with the underlying concepts so you have some time to get used to the idea until it does hit our daily lives.

I dove into the deep oceans of crypto and blockchain. Reemerging from this very wild journey I want to share my observations while they are still fresh. I think this is the best tribute I can pay to the space that has sucked me in.

This is not about making quick money.

Long term speculation is more interesting than short term speculation.

This is for the curious.

No technical knowledge required.

Where do online events shine? My learning after a good dozen :)

I attended two events on product development in one evening.

Should we use roadmaps? How do we do plan? Should we plan it or just go with the flow?