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May be an unpopular opinion?
Crypto-economics (and more generally capitalism) alone can solve only a limited set of mostly boring problems. We need some degree of social trust and community dynamics to solve the more interesting and pressing ones.
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New bonding curve blog post! Lots of math, parametrization tools, sigmoid funcitons, bancor forumla improvemnts and much more.
#tokenengineering
#bondingcurves
#curationmarkets
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Relevant Beta is LIVE!
Try it out and please report any bugs you find.
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Relevant app finally has the full prediction market curation flow!
The design is very similar to this proposal by
@VitalikButerin
from a few years ago:
Announcing the HOT FEED 🔥 a new token-curated feed where users can predict what posts will become relevant in their community
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This wiki is a really great resource for learning about token engineering designs and primitives. Check out the newest section - Curation Markets by
@trentmc0
and featuring articles and code by
@oedbeo
,
@billyrennekamp
@simondlr
@relevantfeed
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Have been working on this app for the past year and we're starting to open it up to beta testers, sign up for invite
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Prediction: In the future most utility tokens will be stablecoins. Biggest price-stable protocol tokens will be preferable to general stablecoins because their stability will be backed by the utility of the protocol.
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Great blog post from
@VitalikButerin
about using prediction-curation market for content curation. Its the same mechanism we've been developing at
@relevantfeed
. Similar to Proofed Curation Markets concept by
@trentmc0
and to ideas by
@simondlr
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@jbrukh
@makoto_inoue
@simondlr
@wmougayar
@jessewldn
@licuende
@coinfund_al
@EeksTheUnwise
@teempai
@jfurgo
@ameensol
@evan_van_ness
@frothcity
@FollowTheChain
@petkanics
@AFDudley0
@renatco
@haadcode
@kennyrowe
@RonB7139
@chtmorris
@matthewiles
@el33th4xor
@decentraland
just published a technical overview + code about working with bonding curves which includes a way to do an ICO with an already liquid utility token
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We hit a big milestone today, but the Relevant Token is only a minor step of a much bigger mission.
"We’re working to abolish digital feudalism by creating a social network owned by users, not venture capitalists."
Federated & P2P network is up next!
Relevant Tokens are now listed on Uniswap!
This means you can earn real COIN when using the Relevant app 🤑 All you have to do is sign up and start upvoting Relevant posts 🔝
Learn more about the token and what we are up to below:
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Spent the weekend w a great team building a decentralized meme trading platform at
#ethberlin
. MVP is live on Rinkeby testnet: with
@billyrennekamp
@tomgalle
@isthisanart_
@cosmicsands
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I've been busy building the infrastructure of this new platform () that can be used to trade limited edition items on Ethereum. 💸🤓📈
The first creator drop on Foundation is now live 🚨
@neuegoods
is a clothing label producing high-quality goods for designers, creatives, and anyone with their eye on the internet.
Designed and owned by our Head of Design
@dApp_boi
.
→
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Good summary of issues faced by TCR designs — generally these kinds of mechanisms don't work 'out of the box' and are context-dependent. They require extra consideration of external incentives, and integrations with social structure, identity, reputation, etc.
In cryptocurrency, objective truth can barely get a word in edgewise over incentivized, rabid mobs of bagholders.
I am incredibly skeptical of the ability of any token-based market to accurately value objectivity, especially when controversial.
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Thoughts on the "governance token" model — where a single macro ecosystem token facilitates governance of a common protocol used by multiple communities, each with their own micro token.
cc
@jessewldn
@ali01
@Iiterature
@cburniske
@FEhrsam
@jbrukh
Seeing more projects with 2+ tokens, e.g. a parent token as reserve for a network of child tokens, each representing it's own sub-community.
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Excited to present our on-chain reputation design at crypto-nyc next Tuesday! Will also talk about why current TCR designs don't work and what it will take to make them work.
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I'll be speaking about
@relevantfeed
and how to design healthy markets and reputation systems at the NYC Blockchain Showcase at NewLab next Tuesday.
Also speaking:
@ashleighschap
-
@MakerDAO
,
@frothcity
-
@foamspace
,
@_AngieRamirez
-
@LivepeerOrg
RSVP:
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Very much the expected outcome - economic incentives should be decoupled from curation. Plutocracy is not a great trad-off for sibyl resistance. Personalized page-rank type reputation system is a much better option in this case.
@relevantfeed
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I'm not a designer, but kinda proud of this slide that captures the essence of what we are building at
@relevantfeed
(even though you have to read it bottom -> up).
If you want to hear about the details this link is for you:
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Want to learn about:
- Prediction markets based on sybil-resistant reputation?
- A staking-only 'dumb plasma' chain security model?
- How to get that
@relevantfeed
coin?
Come by this talk hosted by
@coinfund_io
:
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Excited to do a talk about bonding curves at the next
#TokenEngineering
event in NYC
Our 2nd
#TokenEngineering
NYC is happening in a week! We got topics covering game design thinking, curation markets & consensus protocols. If you're in NYC area and working on a crypto tech product, this is for you! Make sure to grab your tix soon!
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The first Relevant curation rewards were distributed this weekend! In the near future users will be able to take custody of their tokens by transferring them to their Metamask wallet.
@relevantfeed
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#ethdenver
was both fun and brutal. So excited to have won a
@poanetwork
prize w
@billyrennekamp
and
@relevantfeed
!
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Doing a presentation at 1EST today at a Curation Markets Online Workshop about how a sybil-resistant reputation system can be used to resolve subjective curation markets and how we are doing this at
@relevantfeed
. Sign up to join here:
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Haven't registered for Relevant yet? This link will get you started with 5 extra tokens:
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Excited to have my article on bonding curves included in this epic “Crypto Canon” reading list by
@a16z
@jessewldn
@Iiterature
@cdixon
@ali01
@smc90
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This is a direct consequence of clickbait-based popularity metrics of social media and it will only get worse. The solution is simple: implement a metric that measures trust and value. The hard part is the business model and existing platforms won’t solve that one.
The paradox of our meme based culture now is if you end up getting viral you end up incentivized to hit that same theme over and over again.
You could build a huge following just saying a dozen unique concepts over and over again.
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Idea - a security token with a half-life. As time passes your ownership stake slowly deteriorates. New security tokens are continuously minted and distributed to active users.
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Chatting about
@relevantfeed
with
@tankmagazine
"Right now we have an overabundance of populist metrics online and not enough hierarchical structures that can help us navigate the digital world. That’s the void that Relevant is trying to fill."
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I've been really into the Economics community on Relevant. I consider myself to be pretty good at math and science, but still find it challenging to get a firm understanding of economics and economic policy. The content here has definitely helped.
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Just wrapped up a talk at an excellent edcon meetup hosted by
@blueyard
with
@pbanhardt
@petkanics
and
@mZargham
. Now heading to dj
@ravecon0
🤟
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Very important thread about how Wikipedia works for anyone working on DAOs!
In fact, A LOT of our mechanism designs for
@relevantfeed
were influenced by Wikipedia.
0. What the decentralized web can learn from Wikipedia 🤓
Many people in the blockchain community consider
@Wikipedia
irrelevant for their work as it doesn't employ economic incentives.
We disagree and share our research findings below📒👇
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If you imagine that ALL accounts are actually fake/hacked/bot accounts social media will actually make sense.
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What is a simple, audited DAO smart contract that is a good starting point for a custom DAO?
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Curios about how
@relevantfeed
's crypto-economic model compares to Steemit's? You can read about it in this thread:
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If
@MolochDAO
has 100 members and has to vote on 100 proposals, what does the deliberation process look like? Who does due diligence? Are these processes transparent? What are the tools and structures required for members to make the optimal decisions?
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It was fun to work on a
@foamspace
&
@relevantfeed
integration. Very excited to be further developing the use of on-chain data as inputs to reputation and content curation!
Web3 is Sustained — Announcing the FOAM Hackathon Winners 🏆
The
@gitcoin
Hackathon results are in and the FOAM team is blown away by all of the high quality submissions. Blog post and thread below. ⛓️
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Excited for our good friends at
@foamspace
, congrats on the token sale and main-net launch announcement!
The Foamspace team is excited to announce the date and details of the FOAM Token Sale and MainNet Launch of the FOAM protocol.
#foamspace
#blockchain
#geospatial
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What’s the opposite of “slurpin the dipperino”? (Asking for a friend)
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Great article on the challenges of crowd-resourced fact-checking and credibility scores.
@relevantfeed
we are working on computing local reputations within a small community and then looking at how that community is perceived in a broader context.
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got a cease and desist from art forum lol, they scared clonezone is gonna ruin the art world
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@simondlr
@balajis
Yep, this is exactly what we do
@relevantfeed
!
You can see this at work in the beta app:
More so, we use personalized pagerank within each community, with community admins as the trusted seed. This makes the metric sybil resistant.
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Clone Zone is live! Its a tool that lets you copy and edit any webpage on the internet!
http://t.co/MN9pCDPne9
http://t.co/HqwNA5qmFp
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Don’t expect your token voting mechanism to solve givenrnance for you. It’s going to take a lot more than that...
@RhysLindmark
@eriktorenberg
@jessewldn
On-chain governance systems are very, very rudimentary compared to most other systems of governance in human history, which were integrated with trust relationships, not avoidant of them. It hasn't been a fair test yet. Lots to learn from what has come before.
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Libertarian SF elites being horrified at the sight of someone trying to fix up their 15y old car downtown... 🍿
This is a newish Mercedes torn apart downtown. One of many horrific sightings I saw today.
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@VitalikButerin
Any thoughts on personalizes pagerank-based reputation systems? We have a design where post rankings are based on reputation and a prediction market on top of those rankings. Close to your "content DAO" where DAO is a community with reputation:
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just a few cease and desists we got over the past week: nasa, artforum, npr, wsj, nytimes, chi tribune, dailymail
#clonezone
@4REALGLOBAL
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Thorough analysis of curation market attack vectors — the exact considerations that have informed our design of
@relevantfeed
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A bonding curve/automatic market maker smart contract operating along side an open market can be thought of as a price-stabilizing mechanism. The closer the reserve ratio is to 1 the more price-stability it will provide.
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The art world is making blockchain moves — by
@taylore_moon
Seems inevitable since art is already an asset class. Although entrenched players seem weary of being 'disrupted'.
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BUIDL TRUST! My latest blog post on why we need proof of trust 🤝
We are experiencing a crisis of trust in online media.
This is because the business models of social media platforms are driven by engagement, not trust.
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Yep - have been hearing “ecosystem is not ready for apps” from many investors, meanwhile apps is what the ecosystem desperately needs.
This article by
@thedanigrant
and
@nickgrossman
is spot on.
When raising funds for
@UnlockProtocol
some investors told me that it was "infrastructure" phase and that they were not looking for higher layers yet. This felt wrong, like "design my committee"
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German TSA just made me empty a suitcase full of latex outfits and harness while giggling cause they thought my goth cross was a knife 🙄
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@balajis
@VitalikButerin
has a cool description of this type of model:
we use a similar design at
@relevantfeed
with ability to bet on post rankings computed using a personalized pagerank algo within a topic-based community (like a subreddit).
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This is exactly how
@relevantfeed
works :)
Here’s another (perhaps already in use) model for ranking within social networks. Suppose we applied a Pagerank/Hive.one style model to individual accounts. An upvote from a highly upvoted account would count more than an upvote from an account with no history. Like backlinks.
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We're working hard to create a healthy alternative to existing social social media behemoths —
@relevantfeed
. Thanks for the kind words
@Forbes
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Glad other people thinking about the commons and the work of Elinor Ostrom in relation to blockchain tech. But I wouldn't expect crypto-economics alone to solve the tragedy of the commons...
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Come by to the
@tokenfoundry
both and say hello if you're at
#Ethereal
on Friday! I'll be there 2-3pm.
If you are at
#Ethereal
on Friday, stop by the
@tokenfoundry
booth. Relevant will be there from 2pm-3pm to chat and answer any questions about our protocol and dapp
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excellent article on using bonded tokens to manage & trade stake in non-fungible assets by
@billyrennekamp
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@sinahab
@jwmares
@robbiebent1
For anyone interested, we've been compiling a list of reputation resources for
@relevantfeed
:
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Circle of cryptoeconomic activity by
@jmonegro
at
#tokenengineering
event. Great framework for thinking about utility vs security tokens.
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@thibauld
@simondlr
@osarrouy
@lkngtn
@MyPaoG
@thegrifft
@mZargham
@paulkhls
@HughKarp
@jeffemmett
@billyrennekamp
@phil_h
@EFDevcon
very curious about the legal work you've been doing around this & down to join if I'm there
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@ameensol
@elonmusk
@jennineak
Any token/money-based feed will prioritize:
1. Rich tippers - wealth distribution is highly skewed
2. Promoted content (ads)
3. Extreme / polarizing opinions - people getting really worked up about something
Most likely this will be worse than a feed based on likes
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Great writeup of my talk at CryptoNYC by
@ErichGrant
, check it out for an overview of what we are working on at
@relevantfeed
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Come by to the curation market meetup in Berlin tonight!
our next meetup about blockchain curation is happening tonight. with
@ryhopenetwork
@osarrouy
@Molecule_to
@paulkhls
@team_slava
@frothcity
my parents and granddad are coming too
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Thank you
@cjremus
for starting this thread!
It's so exciting to see our vision of Relevant materializing.
Thoughtful design CAN make a difference in the way we engage with technology.
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Someday, the US empire will collapse as swiftly and unexpectedly as the Soviet Union.
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I’ll be in Toronto early next week doing a workshop on
#TokenEngineering
and talking about
@relevantfeed
at
@TOBlockchainWk
Lets meet up.
@therebuildcon
is hosting
#TokenEngineering
-Toronto this Tuesday, April 23 for a two-hour workshop from 1pm -3pm as part of
@TOBlockchainWk
. With talks from
@marcin_abram
@zeynepgurguc
@team_slava
it’s going to be an insightful afternoon!
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Everything you need to know about bonding curves and continuous token models
Technical guide + general discussion on creating bonding curves for continuous token modes with code
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Great lecture from creator of BitTorrent that includes a critique of Proof of Stake and general discussion about blockchain tech. If it gets too technical, skip towards the end for the question and answer part.
An explanation of how Proofs of Space and Proofs of Time can be combined to make a secure blockchain
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This is pretty cool — a market maker-based price oracle. I've been thinking about bonding curve-based price oracles for a while and would have probably ended up working on something like this if not for Relevant. Not sure the oracle token is really necessary but maybe helps?
Introducing Polaris -- A trustless price oracle for ERC20 tokens on Ethereum Mainnet
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Conversely the majority of the ‘bot’ accounts are actually humans trained to act bots.
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@glenweyl
@owocki
@lrettig
@mZargham
@VitalikButerin
@zhitzig
@immorlica
Have to agree w
@mZargham
. It’s less about identity and more about reputation. We need better digital hierarchies. DAOs are a new kinds of corporations, reputation systems enable new kinds of INSTITUTIONS.
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An art show these days is just a party for nerds and old rich ppl that r trying to stay relevant. Cool idea bro 👊🏻
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@matdryhurst
I’d also be down w a feed of no likes and no retweets - a soothing feed of mutual indifference, specially on Instagram
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Excited to be speaking on this Blockchain + Media panel on Tuesday with
@BradyDale
and
@mariabustillos
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Pretty cool - from the liquidity provider perspective this is superior to Uni v3
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I hope that by 2020 artists will stop making art about startups and start making startups
#2020
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Why is it still soooo exciting to get testnet ether even though it isn’t worth anything!?!?
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@pfrazee
This is a great point. I think the answer is local community governance. P2p alone doesn’t have enough communal tools for this, but coupled with a BFT chain for governance and ranking (ideally via reputation and not coins) could accomplish this.
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Best sound in a long time
@VIA_PGH
and when that happens Team Slava is ready to make the magic happen
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This is why stake-based content filtering (ex. token voting like in Steemit) doesn't work:
@ameensol
@elonmusk
@jennineak
Any token/money-based feed will prioritize:
1. Rich tippers - wealth distribution is highly skewed
2. Promoted content (ads)
3. Extreme / polarizing opinions - people getting really worked up about something
Most likely this will be worse than a feed based on likes
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