A few days ago someone allegedly paid $1.3 million for a rock. It’s not even a real rock, or a picture of a real rock. And the underlying rock contract doesn’t even follow the NFT standard, as that was established in 2018, after this contract was deployed. But it’s not about the rock, and we’re… Continue reading It’s not about the rock
Sharing files without T&C
It’s 2021, you’ve got around a 100 pictures from your holiday you’d like to share with me. How? I guess you can put them on Google Photos, create an album and share with me a link using email? Or maybe you could put them on a USB stick, and mail it to me? Why is… Continue reading Sharing files without T&C
Don’t use blockchain
Rarely do you find technology with so much hype as blockchain, where the best architectural advice is to avoid using it. Or, said with less hyperbole, to correctly minimize your direct dependency on blockchain. Why is that? Imagine software where thousands of processes all need to look at and verify the same state change. And… Continue reading Don’t use blockchain
When does it stop being a stablecoin?
In “traditional finance”, we’ve got something called a derivative. In short, a derivative derives it’s value based on some underlying asset. In the “new finance” world of blockchain and DeFi, we’ve got something called a stablecoin, where the price of the coin is pegged to some underlying asset. So a stablecoin is just a derivative… Continue reading When does it stop being a stablecoin?
A different take on blockchain with encrypted functions
While blockchain remains highly volatile, both as a technology and as assets tied to them, I’d like to take a step back and review the approach. What is a blockchain? It’s a linked list of events, linked together through some cryptographic hashing mechanism, that forever ties one block to another. And such a blockchain is… Continue reading A different take on blockchain with encrypted functions