balajis
@balajis.eth
Blockchains are most useful as a tool to innovate in regulated industries. You build a parallel state onchain that subsumes the function of the agency you are competing with. Legitimacy comes from millions democratically opting into the new system. Capital to defeat the old system comes from asset appreciation.
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Tayyab - d/acc
@tayyab
I think you’re right in the long-term. In the short-medium term we need to actually dismantle Big Tech. Get creators more ownership, have decentralized backends that allow client diversity, open up marketplaces, etc. This is the next phase, your point is the one after that.
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Tayyab - d/acc
@tayyab
Now with AI, Big Tech will only accelerate in dominance. Crypto is our only legitimate sovereign option from them. The social layer will change but it may take a decade or two. Your ability to understand history and project long-term trends is bar none.“Balaji is right, he’s just ahead of his time”.
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