GM Farcaster ep206 FridayJanuary 24 2025 with guest cohosts @links and @naomiii

GM Farcaster · Episode 206 · January 24, 2025

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Casts featured on this episode. Click through to view on Farcaster.

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vitalik.eth
@vitalik.eth

The risk of politician coins comes from the fact that they are such a perfect bribery vehicle. If a politician issues a coin, you do not even need to send *them* any coins to give them money. Instead, you just buy and hold the coin, and this increases the value of their holdings passively. Furthermore, there is deniability: holding the coin is, in financial effect, a linear combination of donating to the issuer and gambling. Hence you can intend to do the former but when challenged claim that you are doing the latter. You can even hold the coin privately, and show that you are holding it to whoever; you do not need any zero knowledge proofs, you just send a test transaction. This is all risky to democracy, for reasons similar to what I wrote in https://vitalik.eth.limo/general/2021/08/16/voting3.html and elsewhere. TLDR: the economic arguments for why markets are so great for "regular" goods and services do not extend to "markets for political influence". I recommend politicians do not go down this path.

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bf
@bf

Closed the twitter account I had for 18 years. Early posts were things like “need more coffee.” Such simple innocent moments, looking back. Funny how networked life potentiates both foreverness and ephemerality. The trivial and banal become permanent, but the personal connections and traces of meaning disappear in a click.

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trewkat.eth
@trewkat.eth

We’re revealing the new membership structure at this week’s Community Call! Hope you can be there and collect your Wave 1 POAP 🤗

Embed from @trewkat.eth
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marvp
@marvp

Hello hello! We are LIVE with Episode 3! My guest for this edition is @lisanalgaib, a true Toronto crypto OG. We chat about - Past, present & future of Toronto's crypto spaces - The evolution of community engagement from creator economies to contributor economies - Juicy, JUICY alpha about a key upcoming release at Sacred "We don't want to make the all-in-one social media platform. We want to make a like button universal. And that like button will have a monetary value." https://pods.media/assets/8453/0x54936b5ed28d262494295d723edc7208d299918b/6?referrer=0x0AF94124E30A907f0a1dF9Ba1a9AF9BE5f2d9312

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