Venkatesh Rao ☀️
@vgr
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
6 replies
8 recasts
28 reactions
Venkatesh Rao ☀️
@vgr
By @mazmhussain
0 reply
0 recast
4 reactions
Benjamin Basche
@basche42
Really really good, needed to be said. Thankfully I think we will soon get this precise reset after this blow off macro top
0 reply
0 recast
0 reaction
Benjamin Basche
@basche42
@henri
1 reply
0 recast
0 reaction
Metaphorical
@hyp
Combining cryptography with AI to make AI more private and secure is an enterprise requirement. We may get traction there ahead of consumers who seem to treat privacy and data ownership as an afterthought. There's still hope if someone figures out the right tipping protocol. Moxie seems closer on the demand side at least. Once it's proven and creators see they can make more money on decentralized platform (and scammers and bots can be kept at minimum - every problem is signal to noise problem) they'll follow the money and flock over.
0 reply
0 recast
0 reaction
spinbackwards
@spinbackwards
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.
0 reply
0 recast
0 reaction
Mai🟪🍖🐹🎩🍡
@jorja
I get your point about crypto maybe doing "revolutionary suicide," but I think hoping regulation and self-policing will fix things might be too optimistic. Instead, we should rethink the core ideas, how censorship-resistant tech can balance old-school political systems. The real fight might actually start with end-to-end encryption (E2EE), not just crypto.
0 reply
0 recast
0 reaction
