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Murtaza Hussain
@mazmhussain
Here's my thoughts on @cdixon.eth book "Read, Write, Own," as well as my critical assessment of the blockchain industry generally. Published on @paragraph which is a nice little publishing platform: https://paragraph.xyz/@unmediatedthoughts/casino-killed-the-computer-star
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Callum Wanderloots ✨
@wanderloots.eth
Well written! I read RWO earlier this year and had similar sentiments. I think it’s a stark take at the industry while giving a glimpse of what could be. I think there’s an element of not just building the computer while the casino declines, but of also fostering a cultural movement that cares more about the computer than the casino. Speculative tokens take so much attention away from what is actually being built of value. IMO, people don’t actually understand what it means to be in an attention economy run on various incentive structures. People misunderstand the present due to a lack of historical understanding, which leads cycles to repeat themselves in crypto. I think we need to build with more mindful understanding of the incentive structures we propagate with our participation, focusing more on the computer (long term) than the casino (short term).
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Murtaza Hussain
@mazmhussain
Great comments
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Callum Wanderloots ✨
@wanderloots.eth
Thank you! Appreciate the inspirational spark from your newsletter. I think people get far too caught up in the hype that they forget to actually pay attention to their actions. What kind of incentive structures do you envision that could, perhaps, extract the attention economy from pure speculation or surveillance capitalism? Ie, switch to the intentional compute model rather than maintain the hyped casino or ad driven economy?
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Murtaza Hussain
@mazmhussain
Have to think about this and converse with people smarter than me… maybe @cdixon.eth has ideas
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Callum Wanderloots ✨
@wanderloots.eth
happy to bounce ideas anytime! I actually first got interested in blockchain in 2018 when I was researching solutions to fake news in law school - trying to find a way to trace data across the internet to validate the source. I think @cdixon.eth touches on his ideas with the Take Rates and Promising Application chapters. The balloon analogy for distribution of value in Take Rates was a great way to look at it. Most networks have value accrue to the middle of the balloon, whereas blockchain networks can clamp the middle, distributing value to each side (builders and creators). At least, as it relates to social networks (imo one of the most dangerous devolvements of the attention economy into surveillance capitalism), we can leverage distribution of value through protocol rewards & global tokenization (perhaps like moxie) so that the incentive structure is fundamentally shifted. I think we have to start at the bottom of how we view the attention economy.
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