Posts tagged ArcX
Purpose of Identity, its connection to finance, and implementations in the Euro digital wallet and DeFi protocols
Purpose of Identity, its connection to finance, and implementations in the Euro digital wallet and DeFi protocols

This week, we cover these ideas:

  • The nature of digital identity, and the difference between a representation at some moment of time vs. a record of your being

  • The launch of the DeFi Passport by Arcx and how it can be useful for underwriting

  • The European Digital Wallet, and the implication of such a development for CBDCs and government services

  • China’s CBDC, Sweden’s BankID, and other existential crises

If you want to go deeper on this topic, we strongly recommend our conversation with Michael Cena of the Ceramic Network here. Whereas Michael started working on the identity problem by trying to add labels to people, where he ended up is creating a protocol that tracks historic software activity and interactions between actors. In thinking about the Ship of Theseus, this is the solution that says — your identity is your journey through the river of time itself, and not any particular stop you make along the way.

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decentralized finance, central bank / CBDC, China, digital lending, philosophy, identity and privacyLex SokolinArcX, China, Sweden, European Digital Wallet, Ship of Theseus
What 1840s "Free Banking" and the 1910s Cubist movement suggests about DeFi and economic machine evolution
What 1840s "Free Banking" and the 1910s Cubist movement suggests about DeFi and economic machine evolution

This week, we look at:

  • The nature of innovation hubs, and how close groups of actors within a particular environment can be massively, fundamentally productive. Take for example the 30 million years of the Cambrian explosion.

  • The difficulty of experimenting with banking and money frameworks, the limits of traditional econometrics, and an overview of “free banking” in the 1840s.

  • How evolutionary theory can help us think about selection of economic models, and the hyper-competition and hyper-mutation that we see in crypto. DeFi protocols, like BadgerDAO and ArcX among hundreds of others, are experiments in designing different monetary policies and banking regime experiments in real time.

We have never before had such acceleration in the design space of the economic machine, subject to evolutionary pressures, built by a closely-wound nexus of developers. It is a fortune for the curious.

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mega banks, central bank / CBDC, digital transformation, generational change, narrative zeitgeist, visual art, philosophyLex SokolinBadgerDAO, ArcX, Picasso