What Interest Me This Week

NFT spirit

Not as in the spirit of non-fungible tokens but token representing alcohol.

I'm warning up to the idea of wine/whiskey/rum as an investment class. I don't have the numbers to prove it but it feels much less risky than art investing does.

In comparison, art investment is essentially pure speculation on artists' narratives. Value appreciation is not guaranteed on any given pieces and the whole model works more like a hit-driven business. That's AFAIK.

Spirit however are bound to appreciate as they get older. The rest is a matter of product quality and the extent of value appreciation.

In both cases the attraction of both markets is about the non-correlation with major investment vehicles.

As of now, the entire NFT narrative still revolve around dubious digital art and assets. As soon as alcohol becomes available as tokens I'm gonna have to pay some serious attention to it.

And I hope whoever is tokenizing their product won't be dumb enough to do it on Ethereum. Given the gas price any chain would make a better choice.

Gemini protocol

Gemini is basically a stripped down version of HTTP. A text-only rendering of the web probably won't appeal to most people, indeed I wasn't that interested when it first crossed my radar.

But the appeal is not hard to understand. When I do medium/long reading on the web, the first thing I click is the reader-icon to turn the page into plain text for easy reading.

This blog uses a brutalist design that puts simplicity into practice. But that's not true of most mainstream destination on the web and there's no incentive to be simple.

The more I think about it, when a lightweight web is enforced on a protocol level, the user know for a fact that any link they click on will take a brutally simple form. There's simply no avenue where 0.8mb of Javascript files will be downloaded as part of a page.

So I'm starting to think of this entire layer like a barren land of opportunity.

The entire makeup of this ecosystem as of now feels like computer clubs from the 70's. A plain-text rendering of a digital world is appealing only to a very small set of cerebral audience. It's a feature not a bug.

If these folks are wllling recreate the web in 8-bit so to speak, I think there are some room to re-address some missed opportunities that HTTP did not.

They already did that encryption as a requirement. Personally I imagine two features would be quite exciting make this protocol a thing of its own: payment and content feed.

I'm jumping the shark here, there's probably no interest from the community at all but their appetite remains to be seen.