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    Bo Waggoner (bwag@mathstodon.xyz)'s status on Monday, 12-May-2025 04:29:02 JSTBo WaggonerBo Waggoner
    in reply to
    • Nathan Schneider

    @ntnsndr
    Thanks (and sorry I couldn’t make it - graduation).

    One tempering point is that a lot of these aspirational applications you talk about are public goods and/or need network effects. That makes them way harder, for adoption, than just writing code and publishing it, or even than launching a startup. (Startups address public goods and network effects in one main way, by dumping VC billions into becoming a monopoly in the space, and we know how that goes.) Another thing you can say for these parts of the blockchain community is that they recognize the unique value and challenge of public goods. But though they are actively working to address them, it’s tough. For one thing, they’re still subject to individual incentives, so public good can become “public good owned by a monopoly that I have a piece of”.

    In conversationabout 8 days ago from mathstodon.xyzpermalink
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