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MSP_POD_NLP

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lips is the name of the character...so he's playing hulk hogan pretty much. he's not playing terry vallejo, but he, terry vallejo is the actor who he is.
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all of that. despite all that. there's no way he's beating captain america.
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just flexible. now captain america's coming out of this conference. i think it's i think captain america and stephen colbert are the most clear cut ones coming out of there.
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yeah. i hate forrest gump. no, it's not. i don't like the movie. i don't like that...
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because i don't know which ones was going to go. we talked a lot about hulk hogan. let's talk about homer simpson. we can finish on that. we can end on that one. [crosstalk]
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i have some classic simpsons quotes about america. let's see if any of them are any good.
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the next thing we'll say about the contest, it's already kind of like a bracket style
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and then you'd go on. but still, the only way to do your thing is brackets. yeah. get it right, people.
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it's not going to be like, darn we lost. everyone's going to go, "what happened yesterday that we all forgot about?"
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so do you look at hand up more as like a social network? or is it more like a kickstarter, or somewhere in between?
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that's a really great story. and so how many people have actually gone through your platform in total?
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any idea of the success rate so far?
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wow. detroit in particular. i can definitely see a great need there. that's really awesome. so how can people get involved if they want to help somebody on handout?
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bit seed is selling products that support the decentralized internet.
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all patreon who send me a copy of their patreon receipt along with a bitcoin address from counterwallet.io are eligible to participate in my ltb coin giveaway program.
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if you're interested in sharing your own perspectives on peer to peer philosophy, technology, and culture, please contact me through the contact page on my website@p2pconnects.us.
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you can follow the show on twitter at p2p connects us, subscribe to the p2p connects us youtube channel at soundcloud page and sign up for email alerts,
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motherboard obtained some samples of the accounts being offered in his confirmed that they are still active.
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it's still unclear where the data came from or just how large the breach was.
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other personal information exposed on the uber profile can also be obtained by anyone who gains access to these hacked accounts.
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these are policy proposals for the short term home rental market popularized by peer-to-peer home sharing marketplaces like airbnb and nine flats.
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cities already make policies and regulate markets in order to ensure fair access to vital resources,
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such a ban could lead to arrest against peaceful people, using and developing these platforms,
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and can see how they would think that these proposals will address their concerns.
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prohibit a person from engaging in this state, in the business of virtual currency unquote, without either a license or a special exemption from the state.
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i really appreciate terry's bravery and speaking out against this bill and thank him for supporting the petition.
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the magic word for today's episode is market that's m a r k e t, market.
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my tiny hint of a claim to fame is that i write economics and finance at a blog called interfluidity that has a certain amount of niche notoriety.
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so for the last year or so, i've become more and more involved in the cryptocurrency slash distributed consensus community
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because we can all be a lot of peers, but there can be not much interesting, too, happening between us. we can be atoms or we can just be chaotic in ways that are uninteresting.
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but it's one application and putting my sort of economist hat on, it's really a very flawed application and how it's arranged and the things that it claims that it wants to be able to do.
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so i got a little bit excited about bitcoin, but not really all that excited. i was more excited by the architecture.
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and so that really excited me. so ethereum i'm still,
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which is an architecture i think we should try to get away from.
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so you know, so it's, it's, it's really an exciting moment with, with ethereum because
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if the platform works as advertised and works well, which has a big if,
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in a way there, there, there are too many. i mean,
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the knowledge and interests of much broader publics into effective political action...that's
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smart political action...both from the perspective of being strategically effective and being good policy.
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so that's what i would love to see, come from platforms like ethereum
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that may or may not have incentives or may or may not have its heart in...in putting the interest of that community upfront.
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so i'd really like to see the kind of web 2.0, you know, this is cliche in the ethereum community,
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just analyze their data and aggregate and all of that and giving the value of that back to the community and giving control of those platforms back to the community that actually creates the value.
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yeah and so this podcast, p2p connects us, is syndicated on the let's talk bitcoin network,
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obviously because we're still in a web 2.0 kind of paradigm, the website itself is centrally hosted and managed.
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i'm not so familiar. we have offline had a couple of conversations about it, but i don't know all that much, but generally i think
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community script or tokens specific to some particular group of people or application.
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and again, it's where i'm really hopeful that a platform like ethereum will really be helpful because...but
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again...the question of ownership of who really owns the thing is, it's pretty important.
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'cause i know that's just, it's a marketing thing managed by the issuer, managed by an airline and they'll mess with it.
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and you know, i prefer to have the token than to not have it. i'd like to get a free flight sometime,
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but it's not really a profound change.
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and so that's, right away a little bit more pro social, but the, the
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marketing for all kinds of things to happen.
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and all of a sudden the character of what started out as very smartly arranged...all
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of the subtle misbehavior that lots of us associate with web 2.0 platforms...but
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with something like ltb coin, the problem right now is that it's a great idea, but what if it's exceeded really well and actually being the ltb coin, issuer became really valuable? what would happen?
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but the people were great with lots of...you know, the google guys i think were awesome when they started...i don't think it's highly of them anymore,
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but that's not to say that there's anything wrong with them as people
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it's that, we should be really excited to have
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institutions that can stand to succeed, that don't always have to be marginal and experimental.
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yeah. so i've talked about ltb coin before on the show,
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the basic idea behind the ltb coin,
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which is given away to content creators on the platform, as well as people who participate in the online communities...and
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they specify all of the ways that you can earn ltb coin...and
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i believe it's going to be maybe two or three years from now that that supply tapers off
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and it will actually take ltb coin to run one of these swap bots if you want to run it yourself.
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well, the first thing to notice is it sounds like it eventually wants to become the most basic kind of token, right? which is an "i owe you one" token
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that deserves to be paid in some way and they give you a token.
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i don't really need to have my name on the network, but somebody else might want that.
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and so the exchange value of the token will then depend in a pretty direct way on how much people value the services that the network can provide, that use value.
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that would be like, you know trying to, if the main service network provides the people for the token and it's something like sponsorship advertising,
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you can kind of put a floor on the use value of the token by kind of imagining that all the tokens are going to be used for sponsorships.
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there are some tricky things about thinking about how the flow works. what happens when the tokens are paid? are they redeemed and disappear? are they paid to other people? there are details in there.
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that would be more of a floor than a ceiling. because
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that tends to, in an unstable way, but at least for a while,
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the value of bitcoin is higher than it would otherwise be if all bitcoin that had ever been mined was actively circulated.
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uh-huh (affirmative). i think it's a mistake to rely, for most tokens, to rely upon that kind of value as a source of value.
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the only reason to really bring it up as to say that the fundamental values are floor.
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then the network should actually sell more tokens into the demand,
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and use the proceeds of that to do things that will enhance the value of the network over time.
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if they issue stock to acquire other firms that offer assets to them that will increase the longterm value of the firm
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that then support the token from the bottom and increase its fundamental value.
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so that would be the kind of thing i would think that a network like ltb might try to think about, and consider building into its model.
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so that like a traditional business ought to do,
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the odd thing is is that in the traditional finance, this notion of using the issuance of tokens, the issuance of stock in particular...
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in the crypto asset community, we really have an opportunity to
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redo an understandable, but lamentable, historical path
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where this idea of you generate value, people get excited about your tokens, and then you use that enthusiasm.
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you're going to turn your dream into something real and solid. a thing that-
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as you said, selling into the demand and then using that newly invested capital to actually invest in things that will improve the longterm.
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yeah. so i wouldn't want to say it's self-fulfilling because most of the time it won't be fulfilled. most
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businesses fail. and most great ideas,
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whether they just seem great, and they're not really so great, or whether they're awesome, but very difficult to execute,
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there's never going to be any guarantee. and most speculative enterprises are probably always going to fail.
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so hopefully, the tokens that have those real bouts of speculative enthusiasm
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are tokens for which at least the dream itself is a good one, a pretty good prospect.
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