JA Westenberg
@joanwestenberg.eth
You can’t build a crypto product without pandering to speculators And Speculation is incompatible with a crypto product’s long term success
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Edward H. Carpenter
@ehcarpenter
Interesting observation. I feel there is a corollary problem where many projects do not take into consideration the real-world differentials of value around the globe and different "levels of privilege" in their Web3 ecosystem - they have expectations based on how rich elites are likely to behave, and act surprised when many others behave differently. Default reaction seems to be attempts to rewrite rules, exclude masses - but such actions are detrimental to widespread adoption/long-term success.
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JA Westenberg
@joanwestenberg.eth
Every crypto project I have ever given a shit about has been built by philosophers and ruined by farmers and speculators.
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Edward H. Carpenter
@ehcarpenter
I'm saddened but not surprised to hear that, and am curious what philosophical base those ruined projects had - I wrote a piece not long ago about why I think John Rawls' "veil of ignorance" should be the basis for constructing Web3 projects - I'd be happy to share the link if you're interested.
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