Arun Philips
@arunphilips
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📚 Mission 2 of my Blockvocates.org journey was to read the book Read, Write, Own by @cdixon.eth and report on how it applies to my Blockchain Journey, 🧵 below:
I picked the Musician Journey on Blockvocates so my objective was to understand the connections and implications of Blockchain w.r.t. Music.
#1 Most new tech follows an S-curve, creators are valued initially but are extracted from later in the cycle. Musicians and creators on Instagram clearly experience this today, making no revenue for their work while Meta benefits from ad revenue on their creations. Benefits of interoperability go down as the network grows (eg. Zynga de-platformed from Facebook).
#2 Unlike AI, Blockchains are a non-consensus/outside-in technology, dismissed by many but progress will happen outside-in and grassroots by hackers and outsiders, not inside-in led by tech incumbents. Parallels can be drawn to the music, which has traditionally been dominated by incumbents, but musicians should look at outside-in solutions. 1 reply
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