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"When you look back on every decade in tech, there's one thing that really dominated. I think the Internet Computer will be the one this next decade." - Chris D
by thesausageking 3y ago
"When you look back on every decade in tech, there's one thing that really dominated. I think the Internet Computer will be the one this next decade." - Chris Dixon
This was the a16z-backed "Internet Computer" which launched a token, ICP, that Chris promoted and was then dumped on retail investors as liquidity for insiders.
Chris's version of the history of web was created to sell retail investors on this narrative. And a16z has made a pile of money doing it.
- lazzlazzlazz 3y agoThe "internet computer" is a description of a general category of things: blockchain computers that share state with verification, consensus, and guaranteed data availability as irrevocable properties of those systems. Although a16z did invest in "Internet Computer Protocol" (formerly known as Dfinity) years before, the term here is being used in the general sense, and Dfinity adopted the term later for marketing purposes.
- preseinger 3y agoyeah but they're not actually irrevocable, right, because networks can fork you're always subject to some authority, trust always exists, it's just that in decentralized systems that authority is arbitrary, subject to an algorithm rather than an entity governed by law
- rchaud 3y agoWatching Andreessen of all people try to shoehorn in Web3 has made realize that "ICP" is in fact a fitting acronym for A16Z, assuming it stands for the name of a particular band.