Weird web3 energy

Aggregators are incentivized to limit composability. By contrast, the value of a web3 token may actually increase when composed with other systems. The money flowing through web3 is mediated by open source smart contracts, rather than closed source software owned by corporations. This feels completely asymmetric. I cannot imagine a Facebook or Goog... See more

Each app builds a moat and walls to protect the hoard of data its peasants produce. This is both for reasons of protection, and power. How did this condition emerge?Before the advent of the internet, apps ran on your computer and saved data to your computer. The internet flipped this around. Web software ran remotely on server computers, and saved ... See more

Privacy and security in this world mostly means “which private company do you trust with your safety?” The answer often coincides with who has the largest walls and deepest moats.

Payments and identity are attractors for wealth, power, centralization, and all the problems that come along with those things.Aggregators emerged at the intersection of these attractors, and broke the evolutionary loop of technology, leveraging network effects to fend off componentization and freeze the evolutionary landscape in place.Now into thi... See more