This week's conversation around the world computer and all, reminded us of one story.
Before 1840, a letter in Britain was priced by distance and paid for by whoever received it. Keeping in touch was expensive. At least for most, as some privileged ones, like Members of s for free.
Then came the Penny Post. One penny for a letter sent anywhere in the country. The same price for everyone, as the free privilege was abolished, even for the Queen.
Within a year - BOOM! - letters went from 76 million to 169 million.
In 1860 George Elgar Hicks painted the rush for the six o'clock post. Rich and poor, young and old, each with a letter of their own. Six in the evening was the daily deadline for the regular inland mail.
One set of rules for everyone. Anyone's transaction gets through.
Circles also gives everyone the same rate. One CRC an hour. The post made everyone a sender. Circles makes everyone an issuer.
Before 1840, a letter in Britain was priced by distance and paid for by whoever received it. Keeping in touch was expensive. At least for most, as some privileged ones, like Members of s for free.
Then came the Penny Post. One penny for a letter sent anywhere in the country. The same price for everyone, as the free privilege was abolished, even for the Queen.
Within a year - BOOM! - letters went from 76 million to 169 million.
In 1860 George Elgar Hicks painted the rush for the six o'clock post. Rich and poor, young and old, each with a letter of their own. Six in the evening was the daily deadline for the regular inland mail.
One set of rules for everyone. Anyone's transaction gets through.
Circles also gives everyone the same rate. One CRC an hour. The post made everyone a sender. Circles makes everyone an issuer.
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Rails anyone can use. Money anyone can issue.
Come, wander around, and question how money works: aboutcircles.com/manifesto
Come, wander around, and question how money works: aboutcircles.com/manifesto
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Circles retweeted
Rebind @getrebind will be one of the first partners to upgrade to Gnosis Pay's enterprise platform.
Their current app went live in April. Since then users hold €6M in the app and have moved €30M in volume.
In August they added Swiss francs via @frankencoinzchf, next to euros e a look at what Rebind is and what makes them so successful 👇
Their current app went live in April. Since then users hold €6M in the app and have moved €30M in volume.
In August they added Swiss francs via @frankencoinzchf, next to euros e a look at what Rebind is and what makes them so successful 👇
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Circles retweeted
Looking for some OG stories to fill up your schedule over the weekend? Look no more, as @griffgreen sat down with @tw_tter on @epicenterbtc, and the episode is pure gold.
Some highlights from our perspective:
-> @GnosisChain shipping what might've been the first soft fork ever run in production after the Balancer hack.
-> 2016, when "Gnosis didn't even make multisigs," and Griff and Jordi @jbaylina, now co-architecting the @etheconomiczone, pulled $210 million out of the Parity hack.
-> on @aboutcircles as "a UBI solution that will be there when we need it."
Well worth your hour 🎧
Some highlights from our perspective:
-> @GnosisChain shipping what might've been the first soft fork ever run in production after the Balancer hack.
-> 2016, when "Gnosis didn't even make multisigs," and Griff and Jordi @jbaylina, now co-architecting the @etheconomiczone, pulled $210 million out of the Parity hack.
-> on @aboutcircles as "a UBI solution that will be there when we need it."
Well worth your hour 🎧
"Ethereum is super secure but its not safe"
10 years after The DAO changed Ethereum forever, Griff Green is building The DAO Fund.
75,000 ETH remained untouched for years. Now its staking yield is now funding public goods for Ethereum security.
We cover:
- The inside story ry
- How @thedaofund is funding Ethereum security
- Quadratic funding, grants & public goods
- Why phishing remains Ethereum's biggest waekness
- Can Ethereum become safer than banks
@griffgreen certainly thinks so.
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Titian, 1526. Everyone's back on the bank, drinking, and remembering they were always long.
Some of us brought our own jug. Twenty-four a day, whatever the river is doing.
Some of us brought our own jug. Twenty-four a day, whatever the river is doing.
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In the winter of 1636, Dutch traders were buying and selling tulip bulbs that were still in the ground: paper promises on flowers nobody had seen. The rarest bulbs changed hands for more than a craftsman earned in a decade. In February 1637 the bids stopped, and a tulip went back
Ever since, "tulip" has been the word people reach for whenever the financial system goes nuts. Jan Brueghel the Younger shown it first - painting the speculators as monkeys in merchant dress: one poring over a price list, a table heaped with coins, flowers trampled into the dirt.
Ever since, "tulip" has been the word people reach for whenever the financial system goes nuts. Jan Brueghel the Younger shown it first - painting the speculators as monkeys in merchant dress: one poring over a price list, a table heaped with coins, flowers trampled into the dirt.
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And that is the part worth keeping. A tulip was a bet on a price. Nobody was paid wages in tulips, nobody paid rent in tulips. Money is the thing the people around you will accept.
Circles is issued by people, an hour at a time, and it moves because someone trusts you, not because someone might pay more for it later.
Circles is issued by people, an hour at a time, and it moves because someone trusts you, not because someone might pay more for it later.
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Speculation asks what a thing will be worth. Money asks who will take it.
Come, wander around, and question how it works: aboutcircles.com/manifesto
Come, wander around, and question how it works: aboutcircles.com/manifesto
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Germans call late July Sauregurkenzeit. The Dutch say komkommertijd. English once said cucumber time: the season when nothing happens and nothing is fresh.
In 1602, Juan Sánchez Cotán hung a quince and a cabbage on strings in a cold, dark larder and painted them with the gravity trings were not decoration. They were how you kept food through a season it could not survive on its own.
We hang money up the same way, for the same reason. It never quite keeps, and we are rarely the ones who decide how fast it goes.
Circles takes the other side of that bet. Money that fades a little when it sits still, because it was built to move, not to be stored.
In 1602, Juan Sánchez Cotán hung a quince and a cabbage on strings in a cold, dark larder and painted them with the gravity trings were not decoration. They were how you kept food through a season it could not survive on its own.
We hang money up the same way, for the same reason. It never quite keeps, and we are rarely the ones who decide how fast it goes.
Circles takes the other side of that bet. Money that fades a little when it sits still, because it was built to move, not to be stored.
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We treat money as a thing to keep. It was always a thing to pass on.
Come, wander around, and question how it works: aboutcircles.com/manifesto
Come, wander around, and question how it works: aboutcircles.com/manifesto
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As The Odyssey came back on the big screen big way, we thought it's a good time for sharing the scene everyone remembers, fired in clay 2,500 years ago.
There's a lesson, if you look close enough. The rope holds Odysseus when he hears the Sirens call, but mind the crew instead. ed, they row on. It's a promise, that keeps him tied.
Money is a promise no one keeps alone.
There's a lesson, if you look close enough. The rope holds Odysseus when he hears the Sirens call, but mind the crew instead. ed, they row on. It's a promise, that keeps him tied.
Money is a promise no one keeps alone.
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Circles is money held by many, bound alike: everyone issues the same, and the network keeps the rule. No captain.
Come, wander around, and question how money works: aboutcircles.com/manifesto
Come, wander around, and question how money works: aboutcircles.com/manifesto
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The AI age keeps landing on one idea: when anyone can make anything, the last real edge is taste.
Kazimir Malevich got there in 1915. He painted a black circle on a white ground, hung it like a holy icon, and dared us to find it worth something. Taste decided it was worth a lot.
wager. When issuing money is easy, the edge isn't printing it. It's trust.
Circles is money built on that one decision.
Kazimir Malevich got there in 1915. He painted a black circle on a white ground, hung it like a holy icon, and dared us to find it worth something. Taste decided it was worth a lot.
wager. When issuing money is easy, the edge isn't printing it. It's trust.
Circles is money built on that one decision.
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We treat money's value as a given. It never was.
Come, wander around, and question how it works: aboutcircles.com/manifesto
Come, wander around, and question how it works: aboutcircles.com/manifesto
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Circles Garage is done 🛠️. Six cycles, 74 builds, one final board.
The three projects that topped the whole program:
🥇 Yield · 200
🥈 The Kitty · 160
🥉 Word Circles · 150
Full all-time board: garage.aboutcircles.com/leaderboard
What each one made, below.
The three projects that topped the whole program:
🥇 Yield · 200
🥈 The Kitty · 160
🥉 Word Circles · 150
Full all-time board: garage.aboutcircles.com/leaderboard
What each one made, below.
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🥉 Word Circles, by @bh2smith
One word a day, guessed with your Circles account. Your score lands on a board you can narrow from the whole world down to just your own circle of trust. A small daily habit that has quietly run for 500+ days straight.
Is "wanna" allowed? Check 4Cfb1A
One word a day, guessed with your Circles account. Your score lands on a board you can narrow from the whole world down to just your own circle of trust. A small daily habit that has quietly run for 500+ days straight.
Is "wanna" allowed? Check 4Cfb1A
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Six cycles, a wall of working mini-apps, and a currency people issue themselves. That was the point: money doesn't need one owner to work.
#CirclesGarage is closed. The question it ran on isn't.
Come, wander around, and question how money works: aboutcircles.com
#CirclesGarage is closed. The question it ran on isn't.
Come, wander around, and question how money works: aboutcircles.com
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