Simon Willison’s Weblog

Crypto creates a massively multiplayer online game where the game is "currency speculation", and it's very realistic because it really is money, at least if enough people get involved. [...] NFTs add another layer to the game. Instead of just currency speculation, you're now simulating art speculation too! The fact that you don't actually own the art and the fact that the art is randomly generated cartoon images of monkeys is entirely beside the point: the point is the speculation, and winning the game by making money. This is, again, a lot of fun to some people, and in addition to the piles of money they also in some very limited sense own a picture of a cartoon monkey that some people recognize as being very expensive, so they can brag without having to actually post screenshots of their bank balance, which nobody believed anyway.

— Laurie Voss

# 7:35 am / bitcoin, laurie-voss

Before May 2021, the master key in MetaMask was called the “Seed Phrase”. Through user research and insights from our customer support team, we have concluded that this name does not properly convey the critical importance that this master key has for user security. This is why we will be changing our naming of this master key to “Secret Recovery Phrase”. Through May and June of 2021, we will be phasing out the use of “seed phrase” in our application and support articles, and eventually exclusively calling it a “Secret Recovery Phrase.” No action is required, this is only a name change. We will be rolling this out on both the extension and the mobile app for all users.

— MetaMask Support

# 5:44 am / copywriting, security