Crypto

Forays into blockchain, NFTs and POAPs live here. I write about minting POAP tokens at family events, celebrating Ethereum’s 10‑year anniversary by creating an NFT and even using monitoring services to keep my POAP feeds up and running.

    Premium Features for POAP Issuers

    I got this survey to provide some feedback on features for POAP issuers but it didn’t have any comment areas, only quantitative inputs. So I put my comments in a blog post.

    Priority Support

    This could be valuable and probably only for non-personal use. If it included design assistance as well that could make it more appealing, something akin to POAPathon. If bundled into a “full service” experience I think there are companies that may pay for this.

    Event Promotion / Verified Event

    I think verification using signatures would be great. I’m not sure what type of verification and promotion this would be, and the devil is in the details here. POAP should avoid the problems that come from things like a “suggested user list”. Also, since POAPs are about attendance, I don’t know that it is useful to get a feed of events I’m not attending.

    Collector Messaging

    Two-way messaging with people that hold POAPs could be interesting, but it feels odd to do this with POAP versus Discord or Reddit. It feels more likely that you would token-gate a different service for this.

    Collector Notifications

    One-way messaging to collectors of your POAPs would be great. For sure this would be a really big win. When I’ve explained to people how they can use POAPs at their events nearly everyone wants to use it to communicate and that isn’t possible today.

    Custom Page Designs / White Labeling

    For non-personal use I think this could be nice if it were relatively easy to do. I’ve done a number of POAPs for different organizations and nobody has asked about this, but if you were doing a lot of them this could make sense.

    Post Claim Redirect / User Redirect

    A redirect could be nice, but I think it would be sufficient for most use cases to be able to have a event setting for a URL for people to go to after claiming. Would not need to be an automatic redirect. This seems like a nice convenience feature, something similar to what most mailing list platforms do.

    Drop Analytics / Drop Reporting

    Analytics on events could be interesting, but these features need to all be at the wish of the issuer. I value privacy, and would want my drops to be the same way.

    There are two dimensions to this too. One would be extending existing web analytics to the drop pages. That could be very helpful for some issuers.

    On-chain analytics have a potential to be much more uniquely interesting. It could be valuable to know what POAP events people are connected to and what NFT projects those same users engage with. I do not like the idea of tracking anything relating to net worth value.


    There were three topics that didn’t make this survey that I would also like to see.

    1. Ways to make claim code management and distribution easier. When I talk with people about distributing POAPs managing the claim codes is always a burden.
    2. Anti-farming for issuers would be nice. I had one POAP event get completely farmed and I would like to be able to invalidate that event somehow.
    3. Creating images for POAPs seems like an obvious capability. POAPathon is doing this at small scale. Even for organizations that have their own designers they may want help getting that POAP-look.

    POAP Wishlist

    POAP (pronounced poe-app) is one of my favorite crypto application. There is a good overview of what POAPs are for. I think POAPs are a great way of capturing memories and events, and potential creating connection and community. I love that they are a crypto app that has no monetary component. I’ve created many POAP events as well as collecting many.

    I love how POAP has gown thus far! The growth has been amazing and the organization has continued to create meaning and value. There are three areas that I would like to see POAP extend and wanted to explore in more detail.

    Integration Hooks

    POAP has an existing API which is great for people looking to create applications using POAPs. However, there is a bigger opportunity for POAP to offer simple integration hooks that could be used by many services and people to extend as they please.

    1. RSS has been around since 1999 and is still one of the most widely supported way to syndicate activity across the web. RSS is used by hundreds of different Feed Readers, which would be great for POAP to support. Equally important are services like IFTTT and Zapier that can take any RSS feed and use that as a trigger for automation. If every event offered an RSS feed of POAP claims, that could be used by event organizers to power a ton of automations when a token is claimed.
    2. Webhooks would also allow additional integrations with POAP events. Webhooks would be a great middle option between the full POAP API, and something simple like RSS. If you could register one, or even multiple, Webhooks for an event that would be triggered on a claim you could do even more powerful extensions into platforms like Zapier. Additionally this would allow an easy way for app developers to connect to POAP events and claims.

    Event Enhancements

    POAP events themselves are pretty simple today. They have a summary, image, location (text), a URL, and relevant date information. Events could be enhanced in two material ways: authenticity and different types of events.

    1. Creating a POAP event is incredibly simple. You don’t need to even create an account, all you need is an email address. This is great to remove friction but it also means that anyone can create any event. POAP has put significant effort into the curation body and review process to make sure that events meet some basic standards. But there is no way to assert that an event is truly from the organization or event it describes. It would be great to be able to sign the event with your wallet! For example, my Birthday POAP would be more authentic if the event was signed by the thingelstad.eth wallet. This opens up a common set of issues associated with verification, but verifying that events are authentic would make those POAPs more meaningful.
    2. There is an opportunity to have POAPs for things that are bound to locations instead of times. There is already a POAP Geocaching app in the store and there has been at least a couple experiments like this. That would be a cool capability, but I would also think that POAPs that are well known to collect at locations would be very neat. I would make one for my house that visitors could collect (preferably signed by both thingelstad.eth and knoxave.eth!). Another use case I would love is a POAP for summiting a climb. If you removed time limitations, this would be ideal for restaurants and cafes to have a perpetual POAP you can claim for visiting their location.

    Web2/3 Onboarding

    POAP is a great way to introduce people to crypto. I have personally introduced well over 100 people to crypto by giving out POAP tokens for various events. I’ve put together a very simple guide for people to claim their first POAP, including setting up a wallet! But more could be done here to make it easier for people.

    1. POAP events can currently be minted from a claim code, or reserved using an email address. The email option is a nice intent but it doesn’t do much. You reserve your POAP to mint later, even after the expiration date for the event. But until you mint it you will not show up on the list of token holders, and cannot do anything else. This is an okay feature but it is confusing. People tend to thing they are done after reserving with an email address. POAP should send reminder emails to nudge those that have reserved to move forward with minting. And it would be great for event organizers to be able to see reservations to help people get them minted.
    2. Better yet would be to have POAP provide a non-custodial wallet for users that don’t have one. This could work very similar to what Reddit has done to get Collectible Avatars working. In Reddit, you can provide your own wallet, or you can let Reddit make one for you. The wallet that it makes is completely real, and you have the choice of letting Reddit store the seed phrase to recover it, or you can manage it on your own. This would be ideal for POAP as well. With this capability you could get rid of the reservation process entirely by creating a wallet and managing it for people. If it is fully capable, like a Reddit wallet, you could even give it an ENS name and add it to a MetaMask or Rainbow if you wanted.

    I’m sure that POAP has a long roadmap and more things to work on than they have time to do. I think it would be great to see enhancements like the above because I think they hit on key areas that would drive POAP growth and adoption.

    Enabling integration capabilities would allow POAP issuers to do things like send a Tweet every time a POAP is claimed. Additional authenticity would allow more confidence in POAPs, particularly if POAP Checkout is used to raise funds for a good event. And taking on more of the wallet tasks for users would make onboarding new people to POAP so much easier.

    See also POAPathon Future Thoughts.

    I’ve tried multiple times to participate in the KZG Ceremony for Ethereum and it times out after hours of waiting. The wait time is 10,143 minutes right now (7 days)!

    POAPathon Future Thoughts

    On the December 30th POAPathon Community Call there was a request for feedback on where POAPathon should go in 2023. I thought about it and here are my thoughts.

    First some background. POAPathon is a community driven organization that facilitates design contests for people that need an image for a POAP event. I love creating POAP events, but I lack the design skills to create great images. I’ve used POAPathon a few times to get amazing images for my events. The process, collaboration, and results are great.

    Some POAPathon designed events I’ve done include:


    Magic Pines Summer of 2022
    by kavishsethi


    Jamie Thingelstad’s 51st Birthday
    by designatum.eth


    TeamSPS 2022 Kubb Tournament
    by InsertGenericArtName

    POAPathon DAO

    Creating a DAO for POAPathon would enable two important functions:

    Treasury for the DAO to fund programs, strategy, and execution.

    To fund the treasury some percentage of all bounties should be directed to the DAO. POAPathon is providing direct value by creating this marketplace, and directing some of those funds into the treasury to be used by the DAO is best for the overall health of the community.

    Governance tokens to enable decisions making.

    Governance tokens have no monetary value and should never be bought or sold. These tokens would be distributed for actions done in the DAO. Examples would include:

    1. Sponsoring a contest.
    2. Submitting a design to a contest.
    3. Volunteers managing a contest.
    4. Volunteers sending a newsletter (see below).
    5. Volunteers hosting a community call.

    There is likely a broad list of additional activities that could be rewarded with governance tokens, but there are two activities that should not be:

    1. Winning a contest is already rewarded with the bounty. Governance tokens should be given equally to any artist that participates in a contest. Winning should not be a factor for governance tokens.
    2. Community call attendance is already rewarded with POAPs, and that should continue. That rewards engagement, and governance tokens reward contribution. However, a volunteer hosting a community call should be rewarded.

    Serious thought would need to be given to governance token amounts for each activity. Fortunately POAPathan has been doing nearly all of these things for a year or more, and that historical set of activities could be used to model what the amounts should be. Future changes to reward amounts could be handled via a DAO vote.

    Lastly, the DAO should be run on Gnosis Chain in recognition that POAPs are distributed on Gnosis Chain. (Disclosure: I am a Gnosis Chain validator.)

    Contests On-chain

    Today contests are created via a survey, USDC is sent to POAPathon, and the Contest Managers (POAPathon volunteers) are trusted to setup the contests and distribute the funds. To further embrace a trustless approach, contests could be moved to a smart contract and executed on-chain.

    When a contest is created the USDC would be sent to a contract. That contract would then manage the distribution. Some percentage would be sent to the DAO immediately after the contest is approved. The remainder would be sent to the addresses of the winners.

    There are a lot of options here. It would be ideal if the smart contract knew what artists had submitted art for the contest, and could even handle distributing governance tokens rewarding them for participating. The contest requester could then select the winners from a list of participating artists.

    This would require development efforts that may go beyond the scope of volunteer engagement. If so, the DAO treasury could be used to fund the development of this.

    Other Stuff

    Focus on just POAPs. The POAPathon website suggests a variety of design services via contest (PFP, Logos), but POAP is right there in the name and focusing on just that use case may create more opportunity.

    Email newsletter. Discord is great, but is only useful for very engaged community members. A newsletter that highlights the contests, selected artists, and more could be very compelling. This is a way to stay connected and broaden the reach of POAPathon. POAP has This week in POAP for example.

    Give out more POAPs. POAPathon distributes a POAP for each Community Call. It would be cool to give a POAP for submitting a contest, and winning contests. I’ve created five contests now but there is no record of that outside of Discord history. I’d love to have a POAP from POAPathon showing that.

    Closer connection with POAP itself. POAPathon could be part of the POAP process. There seems to be no mention of POAPathon on the POAP website that I could easily find. Getting in this flow of requests would help make sure there are enough contests to have a thriving community.

    Polarizing Technology: Encryption and Crypto

    The fury and vitriol towards crypto is strong. People use words like “hate” and you can feel the emotion in their voice. I’ve had friends suggest that I must hate the environment if I support crypto. Or even that they thought I was “too smart” for crypto. Many suggest that blockchains are “just a database”, but I’ve never seen people yelling at each other, dismissing opinions, and ultimately even losing friends because they liked a database!

    This made me wonder, is this unique to crypto? What else in technology might be so polarizing and carry so much emotional energy with it?

    Then I realized that crypto isn’t alone. Encryption has a similar polarizing affect. And as I explored that hypothesis, I clearly also saw that the entities that find these technologies threatening use very similar tactics to attack them.

    Encryption

    Ways to encrypt data have been around for as long as we’ve written things down. Famous hardware devices like the Enigma machine were key tools to successful war operations. Modern technology has made encryption more sophisticated and even more difficult to defeat.

    In 1991 Phil Zimmerman wrote Pretty Good Privacy or PGP. PGP was the first widely available implementation of the incredibly secure public-key cryptography. After Zimmerman created PGP he shared the source code online, triggering the US Government to open an investigation into Zimmerman and PGP for potential violations of the Arms Export Control Act. For obvious reasons, the US Government doesn’t want encryption technology that it cannot defeat to be in the hands of other entities. Five years later the US Government dropped its investigation into Zimmerman with no indictment.

    The early history of the Electronic Frontier Foundation also involved encryption. In 1995 they represented the defendant in Bernstein v. United States. Similar to Zimmerman, Bernstein wanted to publish the source code of his encryption software. After four years we had a landmark ruling that determined that software source code was speech, and is thus protected by the First Amendment.

    It is worth noting that the Bernstein v. United States ruling was one of the cases referenced by Apple when it refused to hack the San Bernardino shooter’s iPhone.

    Encryption is now used widely, and necessary to provide hundreds of secure services. Every modern phone has dozens of encryption routines in it, many that just operate in the background so that if someone stole your device, your private information would be protected.

    But should private citizens be able to use encryption that is so secure that nobody else access it? Even law enforcement? Even the US Government? Even after 30 years public opinion on this is still not settled. It absolutely makes law enforcement harder when all communication between parties is encrypted, but it has immense benefit to the privacy of those individuals.

    I firmly believe that we have a right to encrypt data in a way that no other entity can ever access it. The same way that I cannot be compelled to share a secret I have memorized, I have the right to have digital information that is completely secure and private to me.

    However, there are many people who disagree completely. Many feel strongly that law enforcement particularly should have a backdoor to get into encrypted data. Many believe that Apple should have hacked those terrorist phones and retrieved information for the FBI. The government itself continues to fight for this with. In 1993 we had the Clipper Chip, but the battle continues.

    Encryption itself challenges power. It allows normal people to do something that beforehand only governments or corporations could. The power to access secret information is a big one. Those that previously held that capability exclusively are not going to let it go easily. And that is why the FBI steps in to sue Apple when the time is right.

    There are two wedges that are used to argue why encryption should not be allowed for regular individuals: terrorism and protecting children. Horrible topics to be sure, but they are the most effective at swaying public opinion against encryption. The next time an established entity with power makes a legal claim that encryption must have a backdoor, look for those two topics.

    If we had a Digital Bill of Rights, I would include encryption as one of the first.

    Crypto

    Crypto, blockchain, cryptocurrencies — this technology has many similarities to encryption. First, let me clarify that while encryption and cryptography play a key role in crypto, it is a completely different solution and set of use cases. There could be no crypto without cryptography, but the application of crypto is not about protecting secrets.

    Very similar to encryption though, crypto takes an activity that was previously the exclusive domain of powerful entities and makes it accessible to many. You could not have created a currency that could be trusted by millions without crypto. I can assert ownership of many digital assets without the benefit of any company or government entity, thanks to crypto.

    Crypto allows individuals to store and exchange things of value completely on their own, common digital ownership.

    The Bitcoin Whitepaper written in 2008, and then launched in 2009 was in many ways like Zimmerman’s publishing of PGP in 1991. The technology was furthered significantly when Ethereum launched in 2015, allowing completely new use cases to be created. Similar to encryption, in the crypto world we now have dozens of technology solutions and thousands of applications built on top of that. But the fundamental ethos is about storing and transferring value between people, directly without a company or government in the middle.

    The efficiency benefits of blockchain are incredibly enticing, and like encryption it is possible for existing entities that control power to use these technologies internally to get benefit. The crypto version of a government backdoor is a US Digital Currency, run on a private and controlled blockchain.

    Imagine if the FBI published an encryption tool. Would you use it?

    Depending on when you start the clock with crypto we are between 7 and 14 years into the same kind of debate that we have been having with encryption. Should groups of people on their own be able to store and transfer value without any tools from the Government? Many smart, educated, and well-meaning people will have different views on this. It is important that a government can control their own currency. It is also important that a government have legal domain over certain forms of ownership. But personally I don’t believe those are blanket needs, and I see a great opportunity for technology to enable new capabilities here.

    To fight off crypto there are two narratives that have developed. The first is that crypto supports fraud & crime. The second is environmental destruction. It is true that almost all Ransomware takes payment in Bitcoin, and the energy footprint of a proof-of-work blockchain is enormous. However, Bitcoin has also enabled people with no access to banking systems to store and transmit value. And while the energy footprint for Bitcoin is high, the gold industry certainly has a large energy footprint too. What amount of energy is acceptable for a digital reserve currency of the world to use?

    ***

    This thought exercise was helpful for me to add some context and perspective to these two debates. I hadn’t previously connected the encryption debate that I’ve observed and supported for years with what I was seeing in crypto. Connecting them in this way draws a couple of conclusions:

    1. Encryption has been an open debate for 30 years and is still unsettled. I suspect that crypto will have a similar path. I don’t think we will gain a consensus as a society soon.
    2. Existing entities with power that is threatened by encryption and crypto will not give it up easily. Progress will be slow and begrudgingly.
    3. Unfortunately these technologies do get used for nefarious activities. Terrorists do use encryption to protect terrible things, and bad actors do use Bitcoin to get payments.

    I’ve been validating the Gnosis Chain for about three months now. I’m running 32 validators. Gnosis made the transition to using proof-of-stake. The validators generate about 0.4 mGNO a day, or about $1.09, a 14% annual yield. On average my 32 validators propose 4 to 5 blocks a day, with a maximum of 10. There are currently 109,386 validators.

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