Read Write Own: Building the Next Era of the Internet

The internet is probably the most important invention of the twentieth century.

open-source software funding is subject to market forces that sometimes, but not always, correspond to what’s good for the internet.

Instagram’s initial hook was a free photo-filtering tool.

In the first act, called the “read era,” circa 1990 to 2005,

Clients build on top of protocols and enable people to access and participate in underlying networks.

The laws of physics allow us to shrink transistors, the smallest unit of computing machinery, and therefore pack more computing power into smaller volumes.

The structure of a network guides how that network will evolve and where wealth and power accumulate.

Computer culture is long term. Casino culture is not.

“What problems do blockchains solve?” is like asking “What problems does steel solve over, say, wood?”