crypto

I had never thought about it this way, but this disction from @matthuang is simple, and clear 

"... distinguishes between ‘single-player’ technologies like AI that provide immediate utility, and ‘multiplayer’ technologies like crypto that require coordinated adoption."

I had never thought about it this way, but this disction from @matthuang is simple, and clear 

"... distinguishes between ‘single-player’ technologies like AI that provide immediate utility, and ‘multiplayer’ technologies like crypto that require coordinated adoption."

https://joincolossus.com/article/paradigm-shifts-matt-huang/

Sometimes I wonder if people don't realize the extent of how crypto's reputation is absolutely 𝒄𝒐𝒐𝒌𝒆𝒅 outside crypto circles.

Large overlap with the "AI sucks" people. However, that one will fade as AI has obvious use-cases for individuals and groups which don't require network effects to be successful. AI will succeed and the "AI sucks" people will be seen as luddites, path-independently.

Crypto however - at least the originally-intended version as democratized peer-to-peer money - can only succeed with network effects going its way. Same goes for a network like Farcaster, where we can see from this thread that crypto's reputation is a large reason why folks aren't being invited here.
https://warpcast.com/dwr.eth/0x51d1875b

Trust and reputations are difficult to rebuild. I worry it may be too little too late.

The scenario I fear most is the one where crypto is relegated to boring settlement backend tech for tradfi, providing none of its promised self-sovereignty benefits to individuals.

Agreed. Similar thoughts here:

"AI has obvious use-cases for individuals and groups which don't require network effects to be successful. [...] Crypto however [...] can only succeed with network effects going its way. Same goes for a network like Farcaster."

Agreed. Similar thoughts here:

"AI has obvious use-cases for individuals and groups which don't require network effects to be successful. [...] Crypto however [...] can only succeed with network effects going its way. Same goes for a network like Farcaster."

https://warpcast.com/polymutex.eth/0x8af549d7