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The Chomp #68: Web3 Data Protocols and Perceptual Learning via Chicken Sexing

The Chomp
The Chomp #68: Web3 Data Protocols and Perceptual Learning via Chicken Sexing
By Cody McCauley  • Issue #68 • View online
Hey Everyone 👋 ,
Welcome back to The Chomp. If you’re new here and are not yet a subscriber, you can keep up with the latest by subscribing down at the bottom of this email or by clicking the ‘view online’ link above. 
With that, let’s dive into it.

🔗 Chum Bucket
David’s perspective on the future of web3 data protocols
  • “For the real value of data portability is in at least four major social consequences: giving us tools to track the impact of creative work as it’s shared, used, and monetized in the farthest reaches of the internet enabling us to share far more data with platforms to improve performance and recommendations incentivizing public data sets that will produce better analytics and social graphs for platforms to innovate on top of letting platforms compete for users who can port their audiences from one platform to another.”
  • “In other words, data portability represents a massive social shift in turning power from platforms to users, much as DAOs represent a transfer of power from companies to workers. Or rather, data portability represents a massive social shift in turning power from platforms to protocols, as users can only manage and transfer their data on top of universal rails that standardize, validate, and stream this data for different platforms competing over it.”
  • “If the 2010s were the decade that DLTs enabled sovereign finance, the 2020s will be the decade that offer sovereign data of all types.”
An overview of using spaced repetition to improve learning and increase retention of nearly anything
  • “Learning through rote memorization is tedious and—more important—ineffective. If we want to remember something, we need to work with our brains, not against them. To do that, we need to understand cognitive constraints and find intelligent ways to get around them or use them to our advantage.”
  • “There is a way to slow down the process of forgetting. We need only to recall or revisit the information after we originally come across it. Going over the information later, at intervals, helps us remember a greater percentage of the material. Persistence will allow us to recall with 100% accuracy all that we want to remember.”
  • “Retrieving memories changes the way they are later encoded. In essence, the harder something is to remember now, the better we will recall it in the future. The more we strain, which is painful mental labor, the easier it will be in the future. There is no learning without pain. Recall is more important than recognition. This explains why practice tests are a better way to learn than opening your text and re-reading your highlights.”
Jacob at Zora explores the concept of hyperstructures and what they mean for the future of decentralized protocols
  • “Hyperstructures take the form of protocols that run on blockchains. Something can be considered a hyperstructure if it is: 1) Unstoppable: the protocol cannot be stopped by anyone. It runs for as long as the underlying blockchain exists. 2) Free: there is a 0% protocol wide fee and runs exactly at gas cost. 3) Valuable: accrues value which is accessible and exitable by the owners. 4 )Expansive: there are built-in incentives for participants in the protocol. Permissionless: universally accessible and censorship resistant. Builders and users cannot be deplatformed. 5) Positive sum: it creates a win-win environment for participants to utilize the same infrastrastructure. 6) Credibly neutral: the protocol is user-agnostic.”
  • “A hyperstructure can simultaneously be free to use and also extremely valuable to own and govern. This is a familiar value model that we observe for NFTs: the media can be universally free to consume, yet valuable to own and control as an individual or group.”
  • “In Hyperstructures, any participant’s value captured is synonymous with their value generated. The inverse is also true, if any third party or entity has the ability to freely extract value (without direct value creation) then the system is not a hyperstructure.”
Kyla Scanlon breaks down the two overarching narratives in crypto: good vs bad
  • “The thing about narratives is that different people can read the same book and have completely different takeaways. We all approach the world with different filters, different lenses, and that ultimately shapes what we see.”
  • “The one-sentence summary of “Crypto Good” is: Our systems suck - and we can have a choice in how we choose to protect, own, and benefit from the world around us.
  • “The one sentence summary of “Crypto Bad” and the entire thesis of Line Go Up is ultimately: Our systems suck - making our lives speculative commodities isn’t the answer.
Cedric Chin offers insight into the importance of perceptual learning through the odd, yet interesting, example of chicken sexing
  • “Perceptual exposure works because it leverages the brain’s ability to detect underlying patterns and structure. In simple terms: given a large set of superficially different examples, the brain will pick out that which does not vary.”
  • “The best actionable summary of perceptual learning, however, comes from author, programming instructor, and former game developer Kathy Sierra. In her 2015 book Badass: Making Users Awesome, Kathy documents the requirements for effective perceptual learning in the service of creating better, more usable, more learnable products. The key, Sierra says, is to show users a large number of diverse, positive examples within a compressed time.”
  • “Where you find deep expertise, you find a person who was surrounded by expertise. The more you watch (or listen) to expert examples, the better you can become. The less exposure you have to experts or results of expert work, the less likely you are to develop expert skills.”
🗓 Tweet of the Week
Wall Street Memes
The last thing $AMZN bears see before getting a margin call https://t.co/UUDBHnVBP2
🎵 Song of the Week
📚 Books
💭 Parting Thoughts
“Doing two things like a half-wit never equals doing one thing like a whole wit.”
— Danny Meyer
If you found something that piqued your interest this week, please send it along to a friend.
Until next time. ✌️
This newsletter is created and authored by Cody McCauley and is published and provided for informational purposes only. The information in the newsletter solely constitutes Cody’s own opinions. None of the information contained in the newsletter constitutes—or should be construed as—investment advice.
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Cody McCauley

The Chomp is a roundup of the most interesting content I've read, along with occasional musings on technology and the world. You can expect to find a mix of sub-topics including web3, tech, investing, philosophy, and culture.

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