Small world

We do not intend to enforce any sort of identity verification or unique identities in distributed[C]. We do not think encouraging people to doxx themselves is a good idea.

This goes beyond concerns about privacy, though. We believe that having multiple personas, which you can use depending on the context you are in, is healthy.

This raises concerns regarding disinformation. If the platform is uncensorable, and we do not plan to enforce identity, how will this not become a cesspool of fake news?

The Netflixification of digital money

I think crypto is past the PGP point, where individuals controlled how to communicate with and how, but it’s still at the Bittorrent stage of chaotic yet mostly permissionless exchanges.

Its core tech might end up reaching the markets only as CBDCs, however.

This would mean that the majority of people limit themselves to what organizationally centralized services offer them, while the properly decentralized alternatives get more and more walled off.

In a worst-case scenario, crypto has a value in a closed economy. You use your ZCash to pay for decentralized hosting services, but you have to access it all through a VPN to avoid giving yourself away. You don’t generate these coins through fiat onramps, but through providing services to others, such as shared access or a mesh network relay.

Meanwhile, most of the world welcomes Netflix, where you only have whatever rights the company gives to you, for as long as you continue to pay them.