Web3 is Going Just Great

Very cool to see this implemented. I had a similar idea to build a timeline-based site like this where people could create their own timelines to share, and not just for journalism.

One idea I had that you might be thinking about already is making it possible to create different versions of timelines. That is, if I see a timeline, I could fork it and make my own copy that I could edit, i.e. remove some entries if it I'm trying to highlight key events or add my own observed events. That way, you wouldn't necessarily need to reach a consensus on a specific timeline, but you could still trace the lineage of different versions of timelines.

In terms of UX, I thought something similar to https://www.web3isgoinggreat.com/ would be a good starting point to allow for lots of information on the page.

Looking forward to seeing how this site develops! Best of luck.

https://www.web3isgoinggreat.com/?id=kickstarter-continues-with-blockchain-plans

Back in 2022:

> Kickstarter's COO, Sean Leow, did an interview with The Beat to discuss the announcement. He seemed to be a little bit confused on the whole concept throughout, and seemed to believe that "open source" is some sort of competing idea to blockchains. At one point he stated, "We believe that that data can be structured in a way through a blockchain where it ... can move in a much more efficient and effective way between services ... in a way that open source doesn't allow". Later in the interview he spoke about governance, saying, "our understanding is that [governance] is done more effectively with blockchain then with open-source."

Stablecoins can, when interest rates are reasonably above zero, support themselves with the interest on the money. That could potentially work. The industry tradition, however, is the promoters stealing the money.[1] Usually by investing it in something risky, with the intent of keeping the excess profits but dumping any losses on the stablecoin holder.

Trump has a stablecoin, "USD1". It's partly backed by Trump's memecoin, "TRUMP" Really.[2] What could possibly go wrong?[3]

[1] https://www.web3isgoinggreat.com/

[2] https://www.msn.com/en-us/money/companies/usd1-the-cryptocurrency-behind-the-trump-familys-wealth-surge/ar-AA1HTSup

[3] https://coinmarketcap.com/currencies/official-trump/

That's an obvious flat out lie, crypto consumes much more power than the banking system, because of course it does. It literally relies on proof of work, through arrays of GPUs pointlessly crunching numbers. And that's just to handle a fraction of the number of transactions the banking system does.

It's estimated that Bitcoin alone uses up as much power as an entire country: https://www.polytechnique-insights.com/en/columns/energy/bitcoin-electricity-consumption-comparable-to-that-of-poland/

And how many people use crypto again?

As for the thievery part: https://www.web3isgoinggreat.com

Another great resource for crypto news is Molly White's website:

https://www.web3isgoinggreat.com/

What's amazing to me is reading about what the crypto thieves and smart contract exploiters do with the funds they've taken. It seems common for a person who's managed to acquire $100K USD worth of ETH or Solana to then turn around and buy some NFTs with it.

I'm like: "Dude, you just had a great payday, now you get to ride off into the sunset with your ill-gotten gains." But either they are crazy, the world is crazy, or I'm going crazy. I don't understand it all.

From the name I expected it to be a list of dead companies and investor losses, kind of like https://www.web3isgoinggreat.com/

> Bitcoin has died 450 times. If you invested $100 each time, you'd have $96,489,717 today.

I think this would be more interesting if the same sequence of $100 infusions were also applied to various popular stocks, comparing those hypothetical returns. If we're going to have survivorship bias, we might as well at least compare multiple survivors.