A few months back I linked to Robin Sloan’s take on web3. As
a thoughtful person and a seasoned technologist, his view was nuanced
and interesting.
Well, the same is predictably true for Moxie Marlinspike, the legendary
cryptographer and technologist who, among many other things, invented
the Signal secure messaging app. As someone who shares many of the same
aims that the crypto world ostensibly has, and who’s been around for
several attempts to revolutionise the world through technology, he’s
well worth listening to. He also put his effort where his mouth is,
getting more involved than most people in the underlying technology:
“To get a feeling for the web3 world, I made a dApp called Autonomous
Art that lets anyone mint a token for an NFT by making a visual
contribution to it… I also made a dApp called First Derivative that
allows you to create, discover, and exchange NFT derivatives which
track an underlying NFT, similar to financial derivatives which track
an underlying asset.”
His crucial observation is that web3 doesn’t actually decentralise what
it promises to, and for reasons that are structural and inescapable:
“it seems like we should take notice that from the very beginning,
these technologies immediately tended towards centralization through
platforms in order for them to be realized, that this has ~zero
negatively felt effect on the velocity of the ecosystem, and that most
participants don’t even know or care it’s happening. This might
suggest that decentralization itself is not actually of immediate
practical or pressing importance to the majority of people downstream,
that the only amount of decentralization people want is the minimum
amount required for something to exist, and that if not very
consciously accounted for, these forces will push us further from
rather than closer to the ideal outcome as the days become less
early.”
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