/biz/ - Business & Finance

Daily reminder that Kleros was the first good Uniswap project, and is shilled by Vitalik on the quarterly, if you even needed a reminder. It's a stealth De-Fi play, too. On the surface, it may not seem that way, but what really is "Decentralized Finance" anyway? It's a systems platform built to overturn traditional systems. What better way to do that than churning the oldest, shittiest, most archaic systems on its head into a new decade?

https://medium.com/@gorgias.costanza/the-subjectivity-problem-39bdd2704cb3

"Creating a framework responsible for financially incentivizing the delivery of Objective Truth to smart contracts in a secure end-to-end decentralized manner is a monumental task. Objective truth forms the foundation of all financial systems. You wouldn’t want to allow a financial instrument to employ a Subjective value of an asset (ex. an appraisal or expert opinion), but rather the Objective value which is based on actual real-world pricing data — incorruptible by opinion. Although it is of critical importance for high-value systems, Objective Truth is only sufficient to encapsulate a subset of the scope of human interaction."

Human. Interaction. Alongside an ETH shovel. alongside a suite of protocols that are only just birthing its little baby head.

Hegel was the great system-maker. What others viewed as his grand achievement Kierkegaard viewed as his unforgivable crime, the attempt to rationally systematize the whole of existence. The whole of existence cannot be systematized, Kierkegaard insisted, because existence is not yet whole; it is incomplete and in a state of constant development. Hegel attempted to introduce mobility into logic, which, said Kierkegaard, is itself an error in logic. The greatest of Hegel’s errors, however, was his claim that he had established the objective theory of knowledge. Kierkegaard countered with the argument that subjectivity is truth…
–Richard J Neuhaus, in Kierkegaard for Grownups.

Daily reminder that Kleros was the first good Uniswap project, and is shilled by Vitalik on the quarterly, if you even needed a reminder. It's a stealth De-Fi play, too. On the surface, it may not seem that way, but what really is "Decentralized Finance" anyway? It's a systems platform built to overturn traditional systems. What better way to do that than churning the oldest, shittiest, most archaic systems on its head into a new decade?

https://medium.com/@gorgias.costanza/the-subjectivity-problem-39bdd2704cb3

"Creating a framework responsible for financially incentivizing the delivery of Objective Truth to smart contracts in a secure end-to-end decentralized manner is a monumental task. Objective truth forms the foundation of all financial systems. You wouldn’t want to allow a financial instrument to employ a Subjective value of an asset (ex. an appraisal or expert opinion), but rather the Objective value which is based on actual real-world pricing data — incorruptible by opinion. Although it is of critical importance for high-value systems, Objective Truth is only sufficient to encapsulate a subset of the scope of human interaction."

Human. Interaction. Alongside an ETH shovel. alongside a suite of protocols that are only just birthing its little baby head.

Hegel was the great system-maker. What others viewed as his grand achievement Kierkegaard viewed as his unforgivable crime, the attempt to rationally systematize the whole of existence. The whole of existence cannot be systematized, Kierkegaard insisted, because existence is not yet whole; it is incomplete and in a state of constant development. Hegel attempted to introduce mobility into logic, which, said Kierkegaard, is itself an error in logic. The greatest of Hegel’s errors, however, was his claim that he had established the objective theory of knowledge. Kierkegaard countered with the argument that subjectivity is truth…
–Richard J Neuhaus, in Kierkegaard for Grownups.

KLEROS IS AURELIUS.