3 ms·
All (successful) mediums (markets) become centralized. Per winner-takes-all. Unless it's actively prevented. "Web3" hubris is to be centralized from the jump,
by specialist 4y ago
All (successful) mediums (markets) become centralized. Per winner-takes-all. Unless it's actively prevented.
"Web3" hubris is to be centralized from the jump, skipping a few steps of the (apparently natural) medium lifecycle. Like Ted Nelson's Xanadu, Zuck's Megaverse, and any number of other exquisite future perfect big bang utopias. Given the historical record, success of this strategy is unlikely.
(John Carmack's paraphrasing of the "all successful complicated systems started simple" criticism of Zuck's betaverse makes the same point.)
Nitpick: Demographic data is aggegregated and monitized. It is not siloed.