Really great post by my friend @moxie
moxie.org/2022/01/07/web…

Raises some valid points. However a few notes...
1. For NFTs, some keep their data in IPFS (decentralized file storage) or in the smart contract itself for procedurally generated images. We (as a community) should probably move more to solutions like this over time, since it is indeed more decentralized to build them that way.
2. I agree with the overall point that clients don't behave like full nodes. However, there has been quite a bit of discussion about "light clients" in the crypto community even going back to the early days of Bitcoin/Ethereum, so i wouldn't say it hasn't been an area of focus.
3. I agree there is an overall move toward using platforms. But there is a big difference between using a platform that also owns all the data also (web2) and a platform that is merely a proxy to decentralized data (web3).
If a platform is merely a proxy to data it doesn't own, and it turns evil, people will switch. Not owning the data counts for a lot.
4. There are more options than Infura and Alchemy. Access to simple blockchain data will be relatively commoditized. Which is good for decentralization.
General thoughts: It's still difficult to build things in a decentralized way (nascent tools), so you are seeing various apps/companies revert to using more centralized web2 techniques when they run into a hairy technical problem.
As a result, there are a lot of "hybrid" web2/web3 apps during this phase of web3 development. That doesn't mean the overall trend is bad though. I think it's great that more and more web3/decentralized technologies are being developed.
I do agree that all networks tend toward centralization over time. Great book on this amazon.com/Master-Switch-…
I don't think crypto is anywhere near this end stage though. We are still seeing a lot of new technology and players enter the space. It's not "already centralized" as much as it is "still using some web2 components".
These points aside, the post is great and I basically agree with the overall premise. Thx for posting it @moxie and welcome to web3 (sort of) :) We could def use your help figuring out the client pieces (which Signal has done a great job on) and a bunch of other stuff.
(I linked these badly) thread continues here:
Also, side note: this is one of the most innovative NFT ideas I've seen in a while: autonomous.graphics :) love it
Reminds me of Reddit's The Place a while back. Or Million Dollar Homepage.

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More from @brian_armstrong

1 Jan
Very interesting read on population growth and (supposed) scarcity of resources
cato.org/policy-analysi…

If other good resources on this curious to read more.
"humanity suffers from a negativity bias, or “vigilance for bad things around us.”...Consequently, there will always be a market for purveyors of bad news, be they doomsayers who claim that overpopulation will cause mass starvation or...running out of natural resources"
"people often assume that population growth leads to resource depletion. We found the opposite. Over the past 37 years, every additional human being born on our planet appears to have made resources proportionately more plentiful for the rest of us."
Read 7 tweets
14 Oct 21
Today we're launching our Digital Asset Policy Proposal (dApp) which we hope will help chart a course for clear regulation of cryptocurrency and web 3.0 in the US. It's critical to bring clarity to this space and ensure America remains a financial leader. github.com/coinbase/digit…
This is not about @Coinbase – we completed more than 75 meetings with stakeholders in government, industry, and academia to help shape this proposal, and we feel it represents a consensus point of view. It's inclusive and democratic by design.
Hopefully this proposal is constructive and is a part of the solution. Here’s an overview of the proposal from our Chief Policy Officer @faryarshirzad
Read 6 tweets
6 Oct 21
1/ I do worry that as companies get to be more successful, the number of attacks from press, politicians, and trolls on CEOs (and rounds of congressional testimony) makes the job not fun, and they leave from burn out. Gates, Page, Bezos...
2/ America could be losing some of its best talent from this, and it has some parallels to what is happening to successful CEOs in China. You don't get moved to house arrest in the U.S., but it is our own version it, putting something that gets too successful in its place.
3/ (which doesn't seem very American btw)
Read 9 tweets
1 Oct 21
1/ It's been about a year since my mission-focused blog post. It wasn't easy to go through at the time, but looking back, it turned out to be one of the most positive changes I've made at Coinbase, and I'd recommend it to others. blog.coinbase.com/coinbase-is-a-…
2/ We have a much more aligned company now, where we can focus on getting work done toward our mission. And it has allowed us to hire some of the best talent from organizations where employees are fed up with politics, infighting, and distraction.
3/ One of the biggest concerns around our stance was that it would impact our diversity numbers. Since my post, we've grown our headcount about 110%, while our diversity numbers have remained the same, or even improved on some metrics.
Read 13 tweets
17 Sep 21
Bitcoin has become legal tender in El Salvador.

Now that one country has tipped, who will go next?
Reminds me of what I wrote in my post on what will happen to crypto in the 2020s...
"In the 2020’s, I think we will see cryptocurrency adoption in emerging markets scale to hundreds of millions of users, with at least one country “tipping” so that the majority of transactions in their economy happen in cryptocurrency."

blog.coinbase.com/what-will-happ…
Read 4 tweets
16 Sep 21
1/ I've been getting more interested in the longevity space along with others in crypto. There is some really interesting research going on.

One of many interesting studies out there is being done by Matt Kaeberlein on Rapamycin peterattiamd.com/mattkaeberlein…
2/ Here is some more detail on the particular study they are running in dogs. They needed an additional $2.5m to get a statistically significant result on a ~9% increase in lifespan.
drive.google.com/file/d/1bs7cyF…
3/ A human study would be quite a bit more expensive and take longer, but dogs are a nice intermediate step in a higher order mammal. Unlike lab mice they share our environment, are not sedentary, etc. So if it works here, this is great data to then pursue a human trial.
Read 6 tweets

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