Crypto Daily 3@3 - 10.29 | Mass Adoption - But Of What? And At What Cost? pscp.tv/w/cIjOtTE0Nzc1…
What are we talking about?
Some real shit.
Things have taken a turn in the last few days. China's aggressive entrance into "blockchain" has the industry's engines revving.
Some have argued that all adoption is good. But that brings up some questions about adoption...
Some real shit.
Things have taken a turn in the last few days. China's aggressive entrance into "blockchain" has the industry's engines revving.
Some have argued that all adoption is good. But that brings up some questions about adoption...
Question one: Adoption...but of what?
The idea of adoption being good for the industry as a whole presumes there is some connection point between what are effectively wildly different goals that happen to use a similar technology.
As in...
The idea of adoption being good for the industry as a whole presumes there is some connection point between what are effectively wildly different goals that happen to use a similar technology.
As in...
What the actual fuck do open, permissionless, censorship resistant money networks have to do with immutable declarations of party loyalty?
Which brings us to question two: Adoption...but at what cost?
Of course, I'm not talking about monetary costs but moral ones. How do we reconcile authoritarian governments using the underlying technology of anti-authoritarian tools to extend control?
Of course, I'm not talking about monetary costs but moral ones. How do we reconcile authoritarian governments using the underlying technology of anti-authoritarian tools to extend control?
My takes?
On the "on what cost" question....The issue of how we reconcile the parts of China we don't like with the parts we do is an open question that is much, much bigger than crypto. With these new moves, however, we've got to deal with it more than ever.
On the "on what cost" question....The issue of how we reconcile the parts of China we don't like with the parts we do is an open question that is much, much bigger than crypto. With these new moves, however, we've got to deal with it more than ever.
On the question of "but of what?" I believe firmly that different people can - based on their circumstance, needs, or interest - be interested in different things that blockchains might enable.
But goddamn if we don't need to define our terms when we're talking about them.
But goddamn if we don't need to define our terms when we're talking about them.
Because even WITHIN a specific goal (for example, bitcoin use and adoption to help people escape capital controls and poor local economic policies), things are immensely complicated. See @soonaorlater comments and @La__Cuen article on Lebanon for an example.
@soonaorlater @La__Cuen Speaking of articles and content referenced, check out these thoughts from @nic__carter @lopp @cz_binance @DTAPCAP @PeterMcCormack @jchervinsky and more on the @MessariCrypto linkboard boards.messari.io/b/crypto-daily…
@soonaorlater @La__Cuen @nic__carter @lopp @cz_binance @DTAPCAP @PeterMcCormack @jchervinsky @MessariCrypto Get 3@3 podcast, video and summary via email nlw.substack.com/p/mass-adoptio…
