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>if they had built a platform to buy and sell images that wasn’t nominally based on crypto, I don’t think it would have taken off...because this is a gold rush. It wouldn't have taken off because it would have been riddled with payment fraud, forgeries and regulatory problems.

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Moxie Marlinspike

@moxie

· Jan 7

Wrote some notes summarizing my first impressions of web3: moxie.org/2022/01/07/web

Jesse Powell

@jespow

Jan 9

>to accept a bid...over $80-$150+ just in ethereum transaction fees...Payment fees by credit card...look cheap... Depends on the size of the transaction but you have to factor in the risk of a 100% chargeback loss with a credit card. Not all potential buyers hold credit cards.

Jesse Powell

@jespow

>I can run my own mail server, but it doesn’t functionally matter for privacy, censorship resistance, or control – because GMail is going to be on the other end of every email... But how far would Gmail go if you didn't have the option to run it yourself? The option has value.

6:14 AM · Jan 9, 2022Twitter Web App

Replying to

>This might suggest that decentralization itself is not...of...importance to...people Where the decentralization happens is more important than how much of it is happening. Centralized oracles aren't as bad as centralized settlement, which is where the regulatory barriers are.

Jesse Powell

@jespow

Jan 9

/🧵 I expect the crypto infra/oracle services to become more diversified over time. For the most part, coins are safe while at rest in a non-custodial wallet, and risk only happens at time of transfer. Most transfers are low value. High value transfers can verify for themselves.

Replying to

Jesse, you really owe it to the US customers to bring Chia to Kraken. The node requirements Bram and Co have come up with are going to unlock the next generation of crypto users. Security, decentralization, ChiaLisp. This needs to be in all crypto future discussions.

Replying to

What's our chances of decentralizing ISP's? We have to guard the connectivity aspect of this technology. Our internet money gets very tricky if we can't move it around on the internet. When we do this the suits will get extremely nervous IMO. 🦾🏁🤟🏼

Replying to

While I agree w/ your conclusion, the original argument was more about Gmail’s power representing so many other accounts. If they mark you as spam… etc.

Jesse Powell

@jespow

Jan 9

I think the analog would be Gmail being the go-to, worldwide source of truth on spam for all email services/clients. They have a lot of power but actually way less power than some of these Web3 oracles have right now. Most companies aren't running their own infrastructure.