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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

Jan 9

>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.

Jesse Powell

@jespow

>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.

6:25 AM · Jan 9, 2022Twitter Web App

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/🧵 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.

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