François, long time! I don't think this is true. History is full of examples of technological revolutions that have caught a majority of "geeks" by surprise. This is as true for A.I. as it is for crypto networks. What's the main source of your skepticism about the latter? :)https://twitter.com/fchollet/status/965385130108833792 …
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Before we do that, I'd love to understand (in the interest of getting down to first principles as per your other tweet), is your skepticism about decentralized computation rooted in its technical practicality/feasibility, or its likely usefulness independent of tech challenges?
I think successful tech solves problems that people have, in a way that's clearly superior to previous alternatives. Blockchain is a solution in search of a problem.
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1/ A key problem solved is that, until now, open source has been without a native economic incentive later. Programmable scarcity—the core innovation in the space—changes this. Open source protocols can now have economic structures that make them sustainable and self-reinforcing.
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2/ The openness and inclusiveness of open source combined with the right economic incentives stands to coherently organize more human energy than even the largest technology companies. Applications built as open standards will therefore become increasingly hard to compete with.
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