Spirited Reflections on a Spiraling Path

ecause if you think about, if you unpack what does Web3 mean? And if it really boils down to the financialization of everything, there's three distinct buckets of it in my mind. There's a speculative sphere because you can now tokenize so many different things, the opportunity for markets and best execution and price discovery and all these things ... See more

We must confront a pervasive threat: the ethos of pure speculation and financialization. This approach represents a shallow interpretation of what decentralization can offer. It overlooks the deeper, more meaningful aspects of a technology that enables us to connect, collaborate, and build shared experiences across geographies and ideologies – some... See more

web3 introduces the opportunity to create software infrastructure that is free to use forever, and that anyone can build on top of, but that rewards “the builders and participants for creating and contributing to these invaluable systems that serve society at large for many years to come.” Customers want low prices, fast delivery, and vast selectio... See more

In addition to conventional market dynamics, an overarching factor driving the evolution of decentralized networks is the tension between ideology, reality, and financial incentives.