How the blockchain will break up Big Tech

This interpretation stands in contrast to the claims that web3 advocates make. They claim that web2 is a centralized mess dominated by technology megacorporations and web3 is now about content ownership. In order to achieve these goals, they must create an entirely new operating model for the web, one built on the blockchain. Blockchain is in effec... See more

The trillion-dollar question is which companies will be the giants of the coming web3 era. What does blockchain commoditize? What does it make abundant? Who is in a position to become a gatekeeper in a world of such abundance

The blockchain transforms the architecture of the Internet from the bottom up. Vitalik Buterin’s Ethereum transforms the network from an array of parochial hierarchies to a global heterarchy anchored in a new model of security. Austin Russell is bringing unique hardware innovations to a Valley full of vain software omnivores and centralized computi

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So the real argument for crypto, and more broadly decentralization, is not that centralized systems are broken. Or that the current business models of the internet are not working. Because, in fact, they are for most consumers and many tens of thousands of creators. It’s that they are so functional that only a radical redistribution of control and ... See more