I've been in mostly violent agreement with @smdiehl and others who call out cryptocurrency and its descendants for what they are—an end run around financial regulation at best, a massive fraud at worst. We all agree it makes no sense as a technology. But one thing worries me:https://twitter.com/smdiehl/status/1445795667826208770 …
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The hypothesis is that the market would become more competitive and see more new (diverse) ventures. Forecasting how that would happen is challenging though.
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There’s a deeper cultural problem. Even the crypto-excitement has similar problems. And the art itself is largely still image making of a kind. There’s a major problem in education around creating an exciting imaginary of computation—there’s no cultural vision for what could be.
End of conversation
New conversation -
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We have one of the best antitrust lawyers working in the White House in Tim Wu, but still little to no action on antitrust. The timeline is much darker, imo.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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We need legislation that forces sites of a certain size to provide free-to-use APIs for accessing and modifying your own content, to make it easier for competitors to find footholds. And we need for those APIs to be mostly standardized to keep development costs low.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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