Tweet Thread 327

The process of MINTING things to the blockchain has resulted in a new CONSIDERATION LANDSCAPE.

Due to the FRICTION and COST of minting, we now want to make damn sure we’re dealing with something *actually* worth minting.

A random blog post?

Probably NOT blockchain material.

But a contract that requires action from both sides?


What else should be minted?

Property deeds, licenses, registrations, research papers…

I’ve mentioned this before, but it’s worth repeating here:

I’d like to see a special blockchain for journalistic outfits where publishing requires a nominal gas fee, but issuing a CORRECTION to an existing article requires an extremely onerous fee—perhaps even destroyed tokens!

At the end of the day, it’s all about incentives:

With minting, there’s a clear incentive to get it right the first time.

I see it as the polar opposite of the most pervasive techbro mentality of the last decade—ship early, ship often.

(This turns into shit early, shit often.)