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@doncorleone

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@doncorleone
I’m looking for long form reading on the potential around decentralized identity, reputation, and social (preferably the integration of all 3) - anyone have anything good?
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@doncorleone
Let me know what you think :) @yanowitz
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@doncorleone
Any abridging of that freedom is only tolerated so long as its necessary. Unlike participants in financial transactions who place great value in safety, security and stability, there is no serious countervailing interest to weigh. Once content creators realize the upside, the market follows.
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@doncorleone
On the other hand, it seems obvious to me that people would jump at the opportunity to participate in a meaningfully citizen-owned public square, even if that means they sacrifice certain safeties that centralized social provides. The freedom to communicate and own one's identity is at the very core of human desire.
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@doncorleone
when the governance processes and technology underpinning web3 financial systems support first world use cases. But right now I only see downside risk. People don't like to screw around with their finances. they aren't going to sacrifice the safekeeping of their financial wellbeing based on libertarian principles.
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@doncorleone
but do I prefer a system of money controlled by opaque techno-cabals? Jay Powell can enact inflationary events, but they are somewhat controlled by a political and legal system developed over the course of 300 years. I can picture all of that changing in ten, twenty or fifty years ...
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@doncorleone
Same concept with fiat currency stores of value. I understand the potential for catastrophic events effecting the dollar's value, and further understand the Federal Reserve is a human institution subject to human politics and human frailties.
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@doncorleone
to unbelievable financial technology. Mediums of exchange for me are defined by downside risk - the throughput or transaction fees of Venmo are immaterial. I care about what happens if something goes wrong, and I love knowing the systems are backed by regulatory oversight.
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@doncorleone
in other words, the value proposition of web3 "social" (but I imagine it much more expansively) is clear, obvious, and something people will proactively seek out. Compare that to a Bitcoin Maxi's vision or DeFi believers. I come at this from the perspective of someone with access
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@doncorleone
said another way, if you walk into Washington Square Park you know the clothes on your back belong to you and your speech is protected by 300 years of complicated legal doctrine. Compare that to shadow bans or an inability to port your followers to another platform.
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@doncorleone
we call Twitter a public square, but that description couldn't be farther from the truth. A public square is defined by speech rights and property rights that don't exist in this strange centralized paradigm we've become accustomed to.
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@doncorleone
is guaranteed by the open source nature of web3. This paradigm seems incredibly powerful to me - one for which people would sacrifice the the technological niceties of Twitter's algorithm. Web2 has largely been defined by a transformation of how people connect with one another.
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@doncorleone
the integration of those data points into one's online personality as well. You could choose which data to toggle as public, and create concentric circles of online social intimacy. and the integration of those characteristics into a central wallet (imagined more like an avatar)...
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@doncorleone
friends and moderator positions on forums. I thought about the frenetic energy I spent accumulating data that ultimately belonged to someone else. I don't have much experience with Uber or Yelp ratings or other similar online ledgers of one's reputation, but I thought about ...
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@doncorleone
When I first heard about crypto ,the first idea that came to mind was a proliferation of this fundamental human desire in the context of the internet. I thought about my internet experiences: chasing XP in MMORPG games, social profiles across applications...
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@doncorleone
I see a natural and overwhelming inclination to "own" one's identity on the internet - even when that inclination has reached an impasse in the web2 world, they spend an inordinate amount of time cultivating their online persona.
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@doncorleone
1/n I was somewhat surprised to hear on the Chopping Block your characterization of the read-write-own era as the least likely of the buckets of potential crypto end-states to occur - I come at this from a non-technical perspective, so curious to understand what I am missing...
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@doncorleone
Most places I look in the crypto ecosystem I see claims of decentralization but hidden centralized control. What protocols do you think have most effectively decentralized and where do you see hopeful experiments in this space?
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