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Decentralized trust is another way of saying a grapevine. Grapevine communication (or trust) is only useful in specific circumstances, and is often actively det
by throwaway984393 5y ago
Decentralized trust is another way of saying a grapevine. Grapevine communication (or trust) is only useful in specific circumstances, and is often actively detrimental.
Why are so many people just going along with these concepts as if they make sense? It's like nobody's using their brain.
- jandrese 5y agoI thought the whole web of trust concept was proven unworkable/unscalable with PGP? Most of crypto still seems like a solution in search of a problem. Or they are solving the problems that people don't have. The primary problem that most crypto systems seem to be trying to solve is "How can I make the founders as rich as possible?"
- stathibus 5y agoThere's a small number of grifters leading a very large number of naive tech types who genuinely believe they're about to make a bunch of money on this thing they don't quite understand but must be legit or there wouldn't be so many people working on it.
- brightstep 5y agoI think there's a class of crypto believers who see "Web3" as a political movement, a way to dilute or break the power of institutions like e.g. the fed, Facebook, etc. To them, the grapevine is a secret sauce that will magically eliminate centralized power.
- throwaway984393 5y agoWhich is ironic when you think about it. Those are the aims of Anarchist political philosophy, which is often anti-capitalist. So you could say Web3 is the "Capitalist-Anarchist Internet"
- brightstep 5y agoYeah, I wouldn't be surprised to find a lot of AnCaps among Web3 advocates. I know there are also leftists who think it will challenge capitalism. Both parties are wrong to think a technology alone can make the changes they're looking for.