Hey fren 👋 Welcome to the 16th edition of the SHINY digest, a weekly newsletter where we share updates on the Shiny DAO, highlights and meaningful discussions from the Shiny discord and recaps from the live-events.
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Thursday kicked off with a lengthy discussion in SHINY about market conditions & world affairs when @yogetmefam asked (click here to read through the entire exchange in Discord) what everyone thought about the likelihood of a global recession. @Ncls asked where people store their wealth to hedge against turbulent times. @cf shared this article that covers the crypto capital markets & how a small rates increase could be detrimental to a sensitive market. @Ryan_Walker11 suggested that macroeconomic conditions are still healthy enough for expansion instead of contraction once the volatility is removed from the equation later this year.
Prompted by the news that selling a Space Doodle, which was an airdrop, automatically sells the original linked Doodle, @tom_hirst gave the Doodle airdrop a thumbs down as a marketing tactic, arguing that many of these blue chip ecosystems need to be bigger as mass adoption ramps up and the ability to sell 'freebies' opens up the ecosystem to new entrants to the brand at a more accessible price. @magpow pointed out that an airdrop allows holders to cash out a bit while retaining the original asset.
When @JonathaNFA shared that a mint would be a bit more expensive than normal due to using a large Merkle, @Janel asked, "What's a Merkle?" @JonathaNFA shared,
Merkle is a kind of search tree that is used often in computer science to reduce the complexity of looking up information in a large group of items. It's how you can determine which chunk of a file is corrupt when Torrenting, and it reduces search time significantly. Ethereum leverages Merkle Trees heavily and is a low overhead way to verify who is allowed to mint.