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Assets are Energy

June 29, 2021

Steven McCormack

Assets are proof of accrued work. Of time. Of effort. Of attention. To me, that is what Bitcoin's true calling is; verifiable ownership of energy. That is why I am so god damn motivated to acquire it. But assets must offer so much more than a mere storage facility (much like a house, bond or stock offers a yield - albeit a diminishing one). That is why I also find myself drawn to Ethereum; where we can draw up smart contracts and create aesthetic experiences demonstrating our creativity.

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Entering The Fray

June 25, 2021

Steven McCormack

We are now at a critical juncture for the digital asset class. Bitcoin is proven. It is working. It carries a prestige that no other cryptocurrency can match - a truly decentralised store of value. Ethereum can never offer the same narrative of the immaculate conception, digital gold or mythical creator(s). But it can certainly offer value in other ways (see my recent notes on the Metaverse). So why expend so much precious energy on fighting this network (and others)?

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Friday Reflections, Volume XIV

June 18, 2021

Steven McCormack

What I really want to demonstrate is the McCormack brand of thinking. The 'how' just as much as the 'what'. I can express my mental machinations in one post, and explore digital property rights in another. What remains consistent however is the aesthetic and the approach. Enthusiastic enquiry in a crisp written format. Never too long. Rarely too short. And presented in a clean and tidy context.

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Highway to the Metaverse

June 16, 2021

Steven McCormack

The digital arena has become far more interesting. Much like a developed country offers property rights via law and order, metaverse platforms can offer property rights through code. And with rights we acquire value. With value we attract motivation. To build. To sell. To buy. To cooperate. To do anything. It begins to sound much more like a functioning economy rather than a mere game.

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A Very Public Rebute

June 12, 2021

Steven McCormack

In writing to build, I mentioned about 'seeing the world as it is, and not as it ought to be'. What a crock of shit. That is not building better. Or thinking better. It is certainly not progression. By limiting myself to what I can observe only in the here and now, I deny myself the joy of dreaming. And as an eternal optimist, that just ain't gonna cut it.