Open sourcing your decentralized protocol can provide legal insulation. There were dozens of OSS BitTorrent clients, what good does killing the company do?https://twitter.com/backus/status/1019655188485791744 …
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Decentralized technologies mixes legal and objectionable streams together: • Can't separate darknet market traffic from anti-censorship on Tor • BitTorrent protocol is unaware of content You can't throw out the bath water without throwing out the baby, by design.
In a decentralized product market, recklessness buys early growth. Many companies grew by marketing to pirates. I call BitTorrent an "ugly duckling." It didn't seem like a winner until late in the game. Here's how to spot ugly duck investments:https://medium.com/@jbackus/invest-in-the-ugly-duckling-decentralization-product-market-fit-and-the-law-bea856a6bbad …
What parts of our tech should we decentralize? How do we know when we're done? I think a lot of people in crypto are struggling with these questions. I think history provides an answer. Find your "minimum viable decentralization"https://medium.com/@jbackus/minimum-viable-decentralization-d813dcf653fc …
This thread focused on decentralization as a legal tactic to be used sparingly, pulling from the history of p2p file sharing. This isn't my only deep dive into p2p history and crypto! Check out my thread on market dynamics, governance, and monetization:https://twitter.com/backus/status/1004471335488122880 …
If you enjoyed this thread, my blog post "Resistant protocols: How decentralization evolves" goes into more depth: https://medium.com/@jbackus/resistant-protocols-how-decentralization-evolves-2f9538832ada …
If you don't follow me yet, I tweet regularly about crypto, decentralization, and p2p. Plenty more to come, stay tuned!
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