Thread by @justinhendrix

To me, the problem with the idea any intervention can take the web back to its "idealist origins" is that most of humanity and its various institutions and other units of organization are not "idealist". So social and power dynamics will always win. @mims
wsj.com/articles/jack-…

We may pray that less platform centralization will reduce some of the externalities of the model we have now, but that's mostly faith- religion for some- driven by memories of a time when most people and organizations weren't online.

Don't take this as negativity on web3 per se- but it's not just the protocol that's broken. It's that we rebuilt all of the structural problems we have in the real world and then some on the web, with almost zero protections for those harmed.

I'm not convinced we are working hard enough to avoid doing that again. Instead it's mostly gold rush behavior again, Valley mentality trying to reassert itself as potentially a net positive. What we really need is laws.

Such a good kicker, by the way, @mims. That last line...