For the writer, it’s been said that the best thing to do upon waking up is grab the pen… or at least the keyboard, and empty out all your earliest thoughts or journal away the sins of yesterday. It’s a great method for any artist that is meant to really help get into the right kind of artistic mindset for the rest of the day.
These days, first thing I’ve been reaching for is the cell phone.
I have this grand compunction to know what time it is, even though I have gone out of my way to do the kind of work that is not time sensitive. I don’t have a place to report to by a certain time, nor do I have any specific deadlines I’m trying to reach. “Knowing the time” on the clock does little to help me at all, yet I keep reaching over as soon as I’m awake. I’ve been here before… Instead of being on “world time,” the intervals of reality where events happen when they happen and people awaken and choose to move with their needs and their hearts; I find myself on “corporate time,” the time invented to create a schedule to move items by rail that would allow people 200 years ago to coordinate and make a lot of money.
Update: This is a repost from 2018, when we were first getting started in S P A C E. The continuations we allude to have come in the form of a six-set pack of our newer zines, in a series called ‘Uncertainty.’ When science fiction crosses with near-future scenarios imagined as we are also investigating big questions (metaphilosophy, metaphysics), another world can open. Many worlds, in fact. This is our launch point for a new query. Together, with our community of friends and subscribers, in S P A C E.
This Q&A was originally published in DK’s weekly eZine, S. P. A. C. E.
RECENTLY ON TWITTER I ASKED about options for transferring funds online. That’s how I got introduced to cryptofinance expert Raffaele Mauro.
In an email Q&A, he helped me understand how Bitcoin stacks up.
Here is how our conversation went:
‘SMALL AND GEEKY.’ Learning about Bitcoin from cryptofinance expert Raffaele Mauro (@Rafr). Here is a Q&A, in which he helped us understand in simple terms why Bitcoin is misunderstood, and the vastness of its potential.
AS: What is the ONE thing you wish everyone could grok about Bitcoin, something that most people simply don’t see/know right now?
RM: The most important thing that most people don’t see is that Bitcoin is not just another form of money or digital currency. Potentially, it is the ‘economic layer of the internet,’ a new protocol with huge potential impact like SMTP was for email/messaging. Beyond that, the blockchain, the technology behind Bitcoin, opened a gigantic space of exploration for a new wave of decentralized applications.
AS: What hurdle is keeping us laymen from grasping the potential of Bitcoin?
RM: Four reasons: 1) Bitcoin is not the most convenient solution for most day to day, traditional transactions in developed countries; 2) The design of most Bitcoin applications is poor and not user friendly, complex operations are accessible only to techies; 3) Cool applications and platforms are still in their embryonic form and there are no standards; 4) The Bitcoin community is still small and geeky.
AS: I’ve been reading about blocks. What would you say is the drive for Bitcoin miners to do the work they’re doing? Will they stand to make a ton of Bitcoin? Curious what’s the incentive for people who are doing the work to lay the infrastructure for this. And is it big enough, I wonder, to build something truly interesting?
RM: Yes, today miners and mining farms are mostly motivated by the economic incentive. There is still a small number of miners who are motivated by the intellectual excitement (understanding software & hardware challenges) but generally speaking, small scale mining is not sustainable. On the other hand, there is an entire space of developers and contributors to the community where the intellectual challenge could be the main motivator with potential economic gains as a side effect (generating skills useful for Bitcoin companies).
AS: This next one is really open-ended. If you could change anything at all (sky’s the limit here) about the way people buy and sell and trade in any currency, what would that one thing be? Why?
RM: Currency operations should be like email: fast, easy and accessible to anyone.
AS: Sounds idyllic. Any drawbacks?
RM: Bitcoin has several drawbacks
Rigid monetary supply (on the same time a benefit and a drawback) and therefore high volatility