Damus

Recent Notes

Stephen Schutt · 61w
He’s got some beliefs I’d consider “kooky” But he’s also willing to question things that need to be questioned
BIT 🐳 ISH · 123w
Decentralized mining pool. No kyc, no registration. Rewards go straight to your bitcoin address. Realtime actual hashrate scoring, no moving average over N period. Block template previews. Stratum v2....
LordMelkor profile picture
Having to mine BTC on specialized ASIC hardware as opposed to being able to do so on hardware that is widely affordable/accessible doesn’t feel like a particularly democratized system no matter the types of tricks used to link the devices together…
LordMelkor · 136w
Is this overly reductive? My understanding is that ARPAnet started as what most would call a “closed” platform, and it later became the underpinnings of modern internet.
LordMelkor profile picture
Seems as though things take off regardless of whether they’re open/closed if there’s good product market fit.

Open/Closed seems to matter more in terms of whether platforms can achieve/maintain scale, but even then it seems like it’s a required attribute. See examples of wildly successful closed platforms: Apple, Facebook, Twitter

A lot of “open platforms” seem like they’re putting the cart before the horse.

Sure if strong PMF sudden appears by chance for an open platform, it will be more likely to catch the wave and be successful. But it’s also in just as likely that the PMF never materializes
LordMelkor · 136w
Seems as though things take off regardless of whether they’re open/closed if there’s good product market fit. Open/Closed seems to matter more in terms of whether platforms can achieve/maintain scale, but even then it seems like it’s a required attribute. See examples of wildly successful clo...
The Bitruvian Man · 136w
Good Q. People can choose to build closed source tools, distribute them organically and incrementally improve. Perhaps a better way to frame it would be to have a word that summarizes the following: fiat VC funded obscure growth demons from hell that scrape everyone's personal data to sell to th...
Gigi · 135w
Of course it's overly reductive. This is a short note, not a book. The point is that closed for-profit entities eventually die. Open protocols have the chance of immortality.
alanajoy · 143w
Not if encrypted or pseudonymous