SpaceXponential

...“blockchain trust” can be defined as generalized trust, since it does not deal with personal relationships; it is a form of distributed trust, because the truth is ensured not by a centralized body but through a consensus of all the participants; it has both affective and cognitive aspects of trust, due to the fact that although human elements... See more

Wisdom from @david_perell's Monday musings. Infrastructure is philosophy made visible.

This is nothing new in the physical social world, but it is revolutionary in the digital social world, where groups and shared messenger threads have historically always been communal spaces.

Cult leaders are their own moderators

Cult leaders need mechanisms for elevating and blessing followers, as well as mutually reinforcing power

Cults need... See more

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

I think of my friends with wild creativity and technical skills, who aren’t at all interested in participating in the conversation in the art world, with no intention to be remembered for their art, or anything. Something about the idealism of web3, its insistence on a narrative of revolution now, its urge to change the course of history right... See more