Colton Dillion 🎩
@cadillion
What does it look like for crypto to win? Like–why are we here? In this particular industry? Building on these particular technologies? Speculating on these particular coins? What is it all supposed to be for?
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Colton Dillion 🎩
@cadillion
In some senses, crypto is the purest form of the attention economy. Rather than Meta or ByteDance trying to perfectly predict (& manipulate) your scrolling habits so they can pocket sweet sweet ad $s, crypto speculators are trying to predict (& manipulate) your attention to pocket even more delectable bid-ask spreads.
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cryptocellaris.eth 🎩
@cryptocellaris
great thread i think the core thing crypto is actually a good fit for is solving coordination failures that markets and governments have largely failed to or only solve at great cost the trustless nature of the medium is both a strength and a weakness private blockchains have been used by forking the public open source software it all runs on and then used to solve coordination failure by letting technical teams from competitors basically work together on modernizing backend systems which isn't impossible without crypto, but the social arrangement of business competition basically destroys the trust, which a trustless network alleviates unfortunately most of the highest value use cases so far seem to end up being private blockchains because the public ledger is a huge attack surface for scams and hacks very possible blockchains live on as tech but public ones are mostly relegated to criminal or grey market activity
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