Vertical integration is typically the dominant strategy when industries are in their early stages or undergoing significant transformation, when market structures are unclear, supply chains are underdeveloped, and new technologies are emerging. Companies that can control more of the value chain can introduce new products that the market needs... See more
And so we arrive at the crux of the argument. DAOs are novelty search engines which can more efficiently explore a search space by enabling many cooperating teams to collect and integrate stepping stones.
This is one of the fundamental errors of tech thinking.
For a certain class of problems caused by technology (e.g., climate change, traffic accidents, electrical fires), yes, the solution is more technology.
But for tech-induced human problems like loneliness, anxiety, depression,... See more
Still, as Baszucki made clear, the goal is still actual social networking: surely that will always be better than interacting with an AI! Or will it? It seems to me that perhaps the most important constraint on the web — to actually interact with people as if they are, well, people — disappeared a long time ago.
Effective altruism’s strength lies in its infrastructure, which we can use to better understand how other idea machines work, what their impact will be, and what’s needed to make them more effective.
Let’s say Farcaster, or other Web 3 social media like it, wants to run ads for the free version of the product. Rather than going out and building an entire ads system (as Facebook and every other social media publisher had to), they can use the composability and permissionlessness of Web 3 to spin up monetization quickly. Assuming an attribution... See more