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Centralized trust creates negative externalities even when those at the center remain trustworthy. As the market expands, a purely person-to-person approach breaks down and would necessitate the presence of intermediaries. Intermediation, on the other hand, serves many roles, but also imposes costs, especially when the intermediary is a private... See more
JENA MARIE ESPELITA • TRUSTING A TRUSTLESS NETWORK. The Paradoxes of Trust in Blockchain Technology
While bitcoin’s open-source core code allowed anyone to peruse it and suggest additions and improvements, only a handful of people, essentially five men assigned to the core development team, had password access to the live code inside the core protocol.
Paul Vigna , Michael J. Casey • The Age of Cryptocurrency
-Many projects start centralized and then try to decentralize over time for yearn finance they started very decentralized. Need to be aware of "shadow networks" that develop with an organization, it doesn't mean there is a conspiracy but a natural psychological tendency to form networks.
Aron Fischer • Compensation in DAOs with Tracheopteryx by Collectively Intelligent
This interpretation stands in contrast to the claims that web3 advocates make. They claim that web2 is a centralized mess dominated by technology megacorporations and web3 is now about content ownership. In order to achieve these goals, they must create an entirely new operating model for the web, one built on the blockchain. Blockchain is in... See more
Emily Gorcenski • The Myth of Decentralization and Lies about Web 2.0 · EmilyGorcenski.com
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
Decentralized Social Networks
sari and • 14 cards