11 FEB 2022 by ideonexus

 The Pattern of Decentralization-Centralization

There are two categories of true believers, in my mind. There are those who, for example, are building a new decentralized user-empowering financial system. And to them, history teaches us that there will always be new avenues for power to become centralized. In fact, the entire history of the computer industry was radical openness, which led to a lot of innovation, which later led to closing it down. For example, IBM released the PC specs. Everybody could build a PC. Michael Dell was a col...
Folksonomies: technology blockchain web3
Folksonomies: technology blockchain web3
  1  notes

Look for where things are being centralized for where to bet on a technology.

01 JUN 2011 by ideonexus

 Spaceship Earth Has 150 Admirals

Spaceship Earth now has 150 admirals. The five admirals in the staterooms immediately above the ship's fuel tanks claim that they own the oil. The admirals with staterooms surrounding the ship's kitchen, dining rooms, and food refrigerators claim they own all the food. Those with a stateroom next to a lifeboat claim that they own the lifeboat, and so forth. They then have an onboard game called balance of trade. Very shortly the majority of admirals have a deficit balance. All the while the s...
  1  notes

And they are all working selfishly and plotting against one another while no one is steering the ship.