Lens and other Web3 social protocols need good filtering for bots and trolls to ensure we're building and engaging with real communities. Handle fees, feed algorithms, and user reporting don’t seem to be enough. Who is tackling this issue?
Looking forward to some SEC art indeed
This is from my recent article:
Mediums of Money Across the Spectrum of Trust mirror.xyz/burakarikan.eth/lQf0yCBX_STw60eFbGzaFs4sRsdjEWfhgU4Q_IkjfRg
5,000 years ago in Mesopotamia, you could deposit your grain in a secure storage facility and receive a grain token, while I could do the same with my wine. Then, in the marketplace, we would simply exchange these tokens, which could be redeemed for the actual goods in storage, settling our debt. This is how money worked in Sumerian towns as they began trading their agricultural surplus, initially using clay tokens for counting, then for accounting, and eventually for administration.
These tokens were made of clay and often stored in clay envelopes for safekeeping. The contents of the envelope were recorded on clay tablets before sealing for additional security. This practice was, in fact, an early form of double-entry bookkeeping.
Credit money, based on trust between local community members or a network of traders, has been widely used for centuries in various forms such as certificates of debt, vouchers, notes, cheques, bills of exchange, and mutual credit across regions from Asia to Mesopotamia to Europe. Whereas, outside of the community, when trading with strangers, a different form of money was necessary.
Read more 👇
Here is a Sumerian clay envelope, sealed and its contents (tokens) inscribed outside.
5,000 years ago in Mesopotamia, you could deposit your grain in a secure storage facility and receive a grain token, while I could do the same with my wine. Then, in the marketplace, we would simply exchange these tokens, which could be redeemed for the actual goods in storage, settling our debt. This is how money worked in Sumerian towns as they began trading their agricultural surplus, initially using clay tokens for counting, then for accounting, and eventually for administration.
These tokens were made of clay and often stored in clay envelopes for safekeeping. The contents of the envelope were recorded on clay tablets before sealing for additional security. This practice was, in fact, an early form of double-entry bookkeeping.
Credit money, based on trust between local community members or a network of traders, has been widely used for centuries in various forms such as certificates of debt, vouchers, notes, cheques, bills of exchange, and mutual credit across regions from Asia to Mesopotamia to Europe. Whereas, outside of the community, when trading with strangers, a different form of money was necessary.
Read more 👇
Will be in Buenos Aires 🇦🇷for the Avalanche Summit in Oct, would love to hang out! Also looking forward to some recommendations from @mariapaula!
I think the Lens Network will need three types of tokens:
What would be the best currency for Lens Network that would make most sense to the users especially for the newcomers?