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Urbit and the Telos of the Creator Economy
Why send your blog posts or videos to a middleman, asking them to kindly post it from their server, so that they can send it to people who signed up to hear from you? The main reason, frankly, is that even many smart creators don't understand the current internet's architecture. But people learn fast when there is a large degree of money and power ... See more
Justin Murphy • Urbit and the Telos of the Creator Economy
An under-appreciated aspect of the crypto-economy's flourishing is that it's a massive redistribution of wealth from old, mainstream institutions toward independent thinkers. There are now about 100,000 Bitcoin millionaires, and there will soon be quite a few crypto billionaires. We’re going to have a new financial elite, competing with the old, an... See more
Justin Murphy • Urbit and the Telos of the Creator Economy
The client-server relationship is arguably the crux of the worst problems with the contemporary internet. Examples include having to manage many different login credentials, being exploited by algorithms outside your control, the inability to own your data, the inability to customize interfaces, and constant political battles over what servers shou... See more
Justin Murphy • Urbit and the Telos of the Creator Economy
Urbit is the only serious project trying to solve all of the above problems, by routing around their shared root. Urbit obviates altogether the client-server relationship. On Urbit, everyone is a server and servers communicate and network directly, peer-to-peer. Even if you consider the probability of mass adoption low, the expected value of solvin... See more
Justin Murphy • Urbit and the Telos of the Creator Economy
I say it’s just crazy enough that it might work.
Justin Murphy • Urbit and the Telos of the Creator Economy
Dominant systems locked in by strong network effects always appear invulnerable to disruption, until they're suddenly not. The current internet is a particularly massive network lock-in, but given its technical debt and increasingly painful aspects (more on this below), there is no reason a disruptor at the full-stack level cannot or should not ari... See more
Justin Murphy • Urbit and the Telos of the Creator Economy
Why build on Discord when you know with near certainty that within a few years you’ll have to move to the next hot platform? Or worse, get kicked off as soon as you become powerful, as happened to WallStreetBets. I’d rather be early on the platform aiming to be the platform-to-end-all-platforms—where the probability of mass adoption is unclear but ... See more
Justin Murphy • Urbit and the Telos of the Creator Economy
So long as information processing power continues to increase, returns to authentic public communication will continue to rise as returns to prestige affiliations continue to decrease. Yet the firms that are capitalizing on the facilitation of defection—Substack, Patreon, etc.—sell a basket of features, not least of which is a kind of ersatz presti... See more
Justin Murphy • Urbit and the Telos of the Creator Economy
More generally, we are living in a context where power laws and non-linear takeoffs already reign supreme. NFTs were close to nothing a few months ago, now Beeple is worth more than most fine artists in the world. Redditors were never able to manipulate stock prices even slightly, until they were suddenly able to overpower a whole hedge fund.