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Urbit and the Telos of the Creator Economy
For at least a decade now, we have been observing what I call a prestige-defection dynamic (1, 2). The value of a prestigious affiliation is decreasing relative to the value of owning the authentic attention of an audience. Thus, New York Times journalists quit to write on Substack, professors quit academia to teach independent courses online, etc.... See more
Justin Murphy • Urbit and the Telos of the Creator Economy
I don’t really want “donations” from “fans," I want contributions from stakeholders in the Other Life mission, and I want those stakeholders to see upside in the continued growth and success of Other Life. Some people are already doing this with token-permissioned Discord servers, but Discord is obviously not the endgame.
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.
Justin Murphy • Urbit and the Telos of the Creator Economy
Some critics say Urbit will never scale, some say it’s just an art project, others say it’s too hard to learn, and still others say it’s just too crazy to take seriously.
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... See more
Justin Murphy • Urbit and the Telos of the Creator Economy
But if the benefits of an alternative networking paradigm were to increase over time, and the cost of joining decreases, then eventually the most intelligent and ambitious creators must find it in their interest to become their own server, exactly as Substack writers realized they could become their own publication (instead of working for one),... 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... See more
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... See more
Justin Murphy • Urbit and the Telos of the Creator Economy
...the social welfare loss of so many brilliant engineers duplicating effort by perpetually re-engineering the same basic application structures, all managing databases, user login credentials, etc.