Web3 had better not be Transaction Cost Hell

The hard reality is that $ₐ is much much greater than $ᵤ for an enormous number of media experiences. It was never the lack of micro-payment solutions that meant advertising for content had to exist; it’s merely the fact that $ₐ > $ᵤ for most users on many services. Thus, facilitating seamless payment via tokens doesn’t necessarily impact the under... See more

While Web3 has the potential to reimagine how we use the internet, it also raises thorny issues around privacy, user experience, and how much control users truly want. 

I came of age in the Napster days, when only fools spent money on anything digital. Early on, we decided that we’d rather pay for the internet with attention instead of money. This seemed like a good idea at the time, and at first, it was!

It was like having a big party sponsored by Mazda, and all that meant was having the Mazda logo on the Solo cu... See more