Thinks 571

FT: “We long to believe that we can be creatures of the day and night, that we can defy the dark to enjoy 24/7 lives defined by long working hours, minimal sleep and, if technology adverts are to be believed, going jogging in the middle of the night. In fact, insists University of Oxford neuroscientist Russell Foster in Life Time, we are “not able to do what we want at whatever time we choose. Our biology is governed by a 24-hour biological clock that advises us when it is the best time to eat, sleep, think and undertake a myriad of other essential tasks.” Pitched somewhere between science book and lifestyle manual, this is a comprehensive manifesto for living in harmony with our body clocks, penned by someone who has devoted his career to studying them. Chasing perfect synchronicity not only increases happiness and mental sharpness, he argues, but potentially reduces the risk of diseases such as obesity and diabetes.”

Frank Knight: “The first commandment, with respect to any intelligent action is self-evident: “compare the alternatives,” beginning with understanding  what they are. But that is what people dislike doing. And the second and third are, appraise the alternatives, and then act on the basis of the best knowledge or judgment that is to be had. The basic axiom is that it is better not to act unless it can be done intelligently; as people are and as the world is, the odds are strong that bad results on balance, rather than good, will follow from acting ignorantly, at random – and acting on false knowledge is of course worse; but unhappily it is more common.” [via CafeHayek]

Decrypt: “Soulbound Tokens (SBTs)…are a primitive, or foundational building block, in an emerging Web3 trend known as the Decentralized Society.  DeSoc sits at the intersection of politics and markets and, much like the wider Web3 context into which it fits, is based around principles of composability, bottom-up community, cooperation, and emergent networks that are owned and governed by network users. It aims to augment Web3’s trajectory toward hyper-financialization to something more inclusive, democratic, and decentralized. SBTs are an essential feature of DeSoc. Similar to a resume or medical records in the non-Web3 world, SBTs are non-transferable tokens that represent “commitments, credentials, and affiliations” that make up the social relations on Web3 networks. In other words, they are tokenized representations of the myriad traits, features and achievements that make up a person or entity. Crucially, Souls can issue and attest SBTs to other Souls; so for example a college (represented by one Soul) could issue a SBT certifying that a course has been completed to a student’s Soul…In their purest and fullest expression and manifestation, however, Soulbound Tokens stand to become a foundational element of the Decentralized Society movement, in which communities emerge around shared networks and goods that are owned and managed by the Souls that use them.”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.