1/ I’m noticing a resurgence in the crypto as “money” narrative, over any other usecase. This seems to be related to what part of the cycle we are in.
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Replying to @AriannaSimpson
Blockchains don't create revenues, they destroy revenues. There is only 1 exception. SoV. Which itself feeds off of other non-crypto SoVs in the world in a near-zero-sum manner. In the crypto space, Value only accrues to Money.
5 replies 13 retweets 52 likes -
Replying to @MustStopMurad @AriannaSimpson
Q for you: what are historical analogies for where technological innovation has destroyed revenue / led to decrease in GDP? doesn't value capture typically rearchitect somewhere else in the stack? also Q for
@Alex_Danco@Iiterature2 replies 0 retweets 1 like -
Replying to @eriktorenberg @AriannaSimpson and
GDP is not being decreased. Only middleman/platform rent extraction is. Output/Production remains the same but the surplus is distributed directly between producer/consumer in a P2P fashion.
1 reply 0 retweets 6 likes -
Replying to @MustStopMurad @eriktorenberg and
Uber: $10 ride fee. $8 to Driver $2 to Uber dUber: $9 ride fee. $9 to Driver. (+ likely more rides) There is an incentive problem to build the dUber in the first place but that's a whole another topic.
1 reply 1 retweet 4 likes -
Replying to @MustStopMurad @eriktorenberg and
Things like Uber and Airbnb are probably not good candidates for dapps (at least not in immediate future) because customer service and trust enforced by 3rd party are a big part of the UX
1 reply 1 retweet 4 likes
agreed. I don't even think those need to be decentralized any time soon, if at all. just used that as the easiest example solely for disintermediation illustration purposes
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