Mihai
@mihaic
How excited we were in 1995-2000 that internet would bypass the gatekeepers & bring more freedom, transparency, untamed comms & transactions We ended up with 5 platforms and 5 streamers holding an unprecedented centralized power and control. web3, don't fuck it up 🙏🏻
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Ben 🟪
@benersing
So true. I expect web3 will end up more decentralized but still not the full ideal state vision. We're still several iterations / decades away from that IMHO.
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Victor Mimo
@vic
The question is, can we prevent the same mistakes or are they inherent due to larger systems they belong to?
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Ben 🟪
@benersing
Inherent due to human nature, competitiveness and capitalism. But it will be a significant improvement over the current state, and it will take years before it starts really feeling captured by specific individuals/groups. I'm a bullish historian of disruptive innovation.
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Victor Mimo
@vic
Well said. I reckon I agree with this take. The rate of adoption in trust-less systems in Web3 is the biggest disruption IMO. It makes participants comfortable with self-organization for good, don't think we've seen this play out at scale before.
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Ben 🟪
@benersing
“Trust-less” systems is a misnomer, one that will disappear as the technology and user base matures. Trust is inherently required in any civil human society. Without it, there is no communal organization. What web3 tech has potential to change is how trust is maintained.
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Ben 🟪
@benersing
And “self-organization” is also not a thing. By nature organization requires someone, or a small group of people, to initiate and lead the organizing.
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Ben 🟪
@benersing
In web3 they may have more incentive to distribute some of the organizing power to others, but they'll likely still retain an outsized amount of influence compared to other actors. We see this already in DAO governance, and in ownership concentration for the majority of protocols
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