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Charismatic Authority may be replaced by Operator Authority. People who master a due process theater. Every DAO a potential Senate-like zone where LBJ type operator-leaders win. Ones with a taste for the procedural mechanics. What charismatic leaders dismiss as boring detail.
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In the Industrial Age economy there’s a saying: “money is for poor people.” Real power and wealth is controlled by the crony-communism of the wealthy (why do they call it crony capitalism when it’s clearly crony communism?). In Web3, money is for latecomers.
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You can choose to look at it in a reductive way loaded with historical baggage. That frame is your preferred hostile-interrogative one, not mine. The mere fact of you using it doesn’t automatically make it a valid mental model. You’ve clearly already made up your mind.
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Nope, you’re drawing on historical analogies. I’m trying to just describe mechanisms and trying to see how they function without immediately damning them by association. And this tech is NOT the same tech you might have gotten into in 2009-11. I got in then as well. This is new.
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It’s still your comparison, not mine. I don’t find it valid so I’m not responding to questions framed in terms of it. I’m not saying it’s bad-faith (we’ve met and I know you to be a good-faith interlocutor), but you haven’t persuaded me that the lens is valid.
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The web3 framing is stolen valor. An attempted co-option of an actual complex open standards based consensus model by Chris Dixon and co (yes I know it was Gavin et al 3 years ago, but it's caught on recently).
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The buzzword "web3" suggests the lax, security-poor programming habits of the web. When crypto or smart contracts are programmed like a web page they are doomed. Sustainably successful blockchains and their apps are based on far more secure, careful, and slow programming methods.