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This is fair criticism of ~90% of the projects in the space. But there's a very interesting 10% – things that could never exist without systems with decentralized power.
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I’ve seen maybe 1%
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Another Thielism at play? "It's going to be different and must be rooted in today." Or maybe the indefinite vs. definite optimist. Would explain the surge in crappy ICOs. "I'll make fiat money now, someone else will do the tech part later"
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@balajis tweets this out every so often, describes just that phenomenon: https://www.jstor.org/stable/2006600 -
It's possible the intermediate step is required. There was no shortage of people in 2000s calling for a full internet-native ed program but things went no where. MOOCS were familiar enough that institutions could get behind them.
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Given that this happens every time in every medium, almost seems like a necessary stage? Not sure if we can leapfrog it, or if we *have* to start by doing old things in the new medium, just to understand what it can do
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