Interesting angle on @cdixon.eth  RWO argument. “We are thus left with the unsettling reality of an industry that became "evil" before it became useful. It should be no surprise then that much of the public has soured on it.”

Novel path dependency argument I haven’t seen before. He concludes the crypto revolution is getting corrupted and committing “revolutionary suicide.” I mostly agree with the diagnosis but suspect the treatment he proposes is wishful thinking (regulation+self-policing driving valuations down hard enough to kill the “casino” part of the economy to save the “computer” part). Instead the key is to rethink the political-philosophical first principles around a non-apocalyptic vision first how censorship resistance infrastructure can become a check and balance on industrial-era political structures. And the battle actually starts with E2EE not crypto.

Crypto/web3. Author of Read Write Own

readwriteown.com

Interesting angle on @cdixon.eth  RWO argument. “We are thus left with the unsettling reality of an industry that became "evil" before it became useful. It should be no surprise then that much of the public has soured on it.”

Novel path dependency argument I haven’t seen before. He concludes the crypto revolution is getting corrupted and committing “revolutionary suicide.” I mostly agree with the diagnosis but suspect the treatment he proposes is wishful thinking (regulation+self-policing driving valuations down hard enough to kill the “casino” part of the economy to save the “computer” part). Instead the key is to rethink the political-philosophical first principles around a non-apocalyptic vision first how censorship resistance infrastructure can become a check and balance on industrial-era political structures. And the battle actually starts with E2EE not crypto.

https://paragraph.xyz/@unmediatedthoughts/casino-killed-the-computer-star?referrer=0x1da73c35c521946bce66968be540406eda89f995

Blogger at ribbonfarm.com, running summerofprotocols.com, host of /gloom ☀️

There are so many reasons why crypto is more likely a passing fad than a breakthrough technology (I’m rooting for the latter).

There must be something that makes people want to use crypto. That something hasn’t happened.

Trump. That crypto ties itself to a scam artist is support for crypto is a scam.