baz pfp
baz
@baz
Reports from Devcon are coming in are really clear: Leading indicators of focus (i.e. what the smartest, most influential people care about) have migrated away from blockchain + towards "Programmable Cryptography" What does this mean for Ethereum over the next 5 years? ⬇️
1 reply
0 recast
1 reaction
baz pfp
baz
@baz
People in Ethereum world really care about two things: [1] the PRICE of the token, which long-term is driven by demand for blockspace, which long-term is driven by the demand for applications that run on Ethereum [2] the radical INNOVATION of a world computer running civisational-level infra, solving coordination problems with cheap and programmable "organisation tech", disintermediating the web of platforms at large - the MISSION (spoiler - in the long run, [1] and [2] are the same thing) What does this have to do with Prog Crypto? "Programmable Cryptography" is a catch-all for a wave of innovations including ZK, MPC, FHE, ORAM... They are distinctive because they promise to disintermediate ALL KINDS of communication, not just strangers reaching consensus over global state which, lest we forget, and as @polynya reminds us, is the (only) reason to use a blockchain ⬇️
1 reply
0 recast
1 reaction
baz pfp
baz
@baz
(also, worth noting that most of the progress in prog crypto has been sponsored in some way or another by traditional crypto) Anyway, you add @cdixon.eth's very sensible "web3" thesis that the whole problem with the internet is our overreliance on platforms & the platform overhead / fatigue that results Epic v Apple, creator take rates, you don't "own" your data, technofeudalism lalala Sprinkle in the recent and future technical progress we call "Prog Crypto", & we can start to replicate platform-like affordances WITHOUT the platforms, and directly p2p Of course it won't look like decentralised Twitter, this is too skeuomorphic - radical innovation never cannibalises old applications until the later stages of the innovation wave Prog crypto will help unblock post-platform experiences at large, across what we today call "social" + "enterprise software" + "media" + "marketplaces" + "finance/law" But we'll have new words for it because we'll be making new things. like "narrowcasting" from @cursive ⬇️
1 reply
0 recast
0 reaction