E.g., Hawaiian technique is digitization at play in real estate, wherein you just parcel out a building and you sell the different parts to whoever values it more, by which you’ll make more money.
E.g., cash is technology suited for privacy, just wasn’t good with internet—yet it doesn’t mean it can’t be digitized. BTC digitized gold’s store-of-value aspect, but not the fungibility of cash. Zcash solved the latter, and is hence digital cash proper. Privacy was never in political and philosophical discourse in any meaningful way because privacy was not digitized until then.
Related:
- On digitization:
- 2-1a6d1 Digitize the idea from the context within which that’s been spoken-written
- 8-1a1 We are digitizing more than ever
- 10-1a5 Digitizing history means explaining each fork as contingent points (the could’ve been) for the history around an idea. History is the Idea Maze, and must be created symbolically (never non-digitally nor indexically) by the individuals.
- 10-1b4f Digitization implies displacement and composability
- 12-1c Open source means more composability means more digitizeable and measurables
- On taboos:
- 1-1c6a1a Pay attention to what can’t be said (e.g., taboos)
- 5-1b4c4a Taboos likely can offer gateways to your unconscious
- Inverted, digitization likely can offer gateways to your unconscious
E.g.,
- Bearstone on stablecoins: “For centuries, correspondent banking worked because a single institution held both pieces: the ledger (who owned what) and the vault (where assets sat). Stablecoin issuers split this in half. Circle holds the vault, the actual dollars and Treasury bills, while the ledger of who holds how many USDC tokens lives on a public blockchain maintained by thousands of independent validators. The trust layer has moved from the institution to the software. You no longer trust Circle to maintain a secret ledger; the ledger is public and anyone can audit it. What you trust instead is that Circle will have dollars when you want to redeem.”