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Jesse Powell
@jespow
>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
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Wrote some notes summarizing my first impressions of web3: moxie.org/2022/01/07/web
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Jesse Powell
@jespow
>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.
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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.
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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.
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