block time

april 01, 2024 3 min read

i am very vocal about my distaste towards the idea of "abstract away the blockchain". an idea, mostly propagated by those freshly arrived from the echelons of web 2, that threatens to undermine the very ethos of crypto.


crypto is a new paradigm, it needs to be seen and understood, not buried behind abstractions. it is a β€œstrong” technology with core features that are unique, attempting to hide them away does a disservice to all the promise it holds.


time is a magnifier of onchain provenance.


just as time adds layers to the story and value of a physical artifact, it similarly amplifies the provenance of nfts.


origin. journey. identity.


origin


envision a digital gallery, each piece with distinct immutable lineage. this is the magic of onchain provenance, a chain of history that is authentic and certain. a type of storytelling ensured by cryptographic signatures.


the true value of an artifact lies in its unmistakable connection to its creator.


time solidifies origins.


journey


tokens face no erosion, no fading; their stories, instead, grow ever more intricate, permanent interactions that span social generations, continents, and cultures. provenance is not just knowing the origin, it's about understanding the journey.


just as tokens defy time, their provenance extends this permanence to real-world assets, making their histories transparent and their stories part of our collective digital heritage. as more real-world assets get tokenized and pinned onchain, the value of such provenance becomes more apparent to the users. imagine a house, a piece of land, or even a vintage car's history transparently accessible. this isn't just about ownership, it's about the storytelling associated with the asset, and each story adds to its unique value.


publicly accessible immutable logs stand out as repositories of untold stories, where sleuthing can uncover value that might have remained obscured in traditional gated database systems. this transparent collection of data invites a collective exploration revealing lore, analytics, connections, and interoperable narratives that traditional 'deeds' and their transfers could never surface.


this journey, however, isn't devoid of turbulence. the phenomena of blur farming and the intricacies of bridging across layer 2 networks hint at a future where provenance about the very decisions and strategies that shape an asset's journey. these narratives, with each token farmed or bridge crossed, become indelible chapters.


over time, as these stories accumulate, the value of provenance increases. it's not just a static snapshot, it's an evolving narrative.


time refines journeys.


identity


identities have always been fluid and multifaceted, with onchain identities, we have a new kind of authenticity. these identities are made up of a rich ledger of pseudonymous interactions, creations, & transactions offering a new level of authenticity that mirrors our multifaceted selves and burdens us with a new social graph.


every interaction adds to the story of our onchain identities. they become time capsules, preserving our digital selves for future generations. this kind of authenticity is rare in the online world, especially in an ai one. the future will only add more depth to the tokens, the provenance, and the identities we forge onchain.


time amplifies identity.