jeffemmett
/
web3
1
0
Fork 0
Code Issues Pull Requests Packages Projects Releases Wiki Activity
web3/README.md

14 KiB
Raw Blame History

Awesome critique of crypto/web3

Awesome critique of crypto/web3, etc. Contributions are welcome.

Critique

General

Ponzi aspect

Crypto and energy consumption

Scams/frauds

DAOs

  • Is The DAO going to be DOA? - 2016-05-16 - by Dan Larimer (founder of BitShares and much else). Larimer sets out most of the basic critiques of DAOs as governance innovation extremely well:

    Fancy technology can obscure our assessment of what is really going on. The DAO solves a single problem: the corrupt trustee or administrator. It replaces voluntary compliance with a corporation’s charter under threat of lawsuit, with automated compliance with software defined rules. This subtle change may be enough to bypass regulatory hurdles facing traditional trustee’s and administrators, but it doesn’t solve most of the problems the regulations were attempting to address.

    What The DAO doesn’t solve is all of the other problems inherent with any joint venture. These are people problems, economic problems, and political problems. In some sense, The DAO creates many new problems caused by its ridged rules and expensive machine-enforced process for change.

    The DAO doesn’t solve the “group trap” where by losers subsidize winners. It disempowers the individual actor and forces him to submit to group decision making. It doesn’t make raising money cheaper for companies, it just adds blockchain-enforced bureaucratic and political processes.

  • DAOs and the nature of human collaboration - 2021-08-12 by Marin Petrov. A critique of DAOs and technosolutionism.

NFTs

Non-fungible tokens.

Specific use cases

Twitter users

Whilst these users may not solely discuss crypto or web3, they do discuss it regularly, and have consistently provided well-written criticism.

Tether, and other stablecoins

TODO.

What is blockchain/web3 etc.

Best intros/overviews of blockchain, crypto, web3 etc.

Iron-manning the pro arguments

Here we collect the best theses for why this is important/interesting/world-changing.

Fat protocols

From https://www.usv.com/writing/2016/08/fat-protocols/

The previous generation of shared protocols (TCP/IP, HTTP, SMTP, etc.) produced immeasurable amounts of value, but most of it got captured and re-aggregated on top at the applications layer, largely in the form of data (think Google, Facebook and so on). The Internet stack, in terms of how value is distributed, is composed of “thin” protocols and “fat” applications.

This relationship between protocols and applications is reversed in the blockchain application stack. Value concentrates at the shared protocol layer and only a fraction of that value is distributed along at the applications layer. It’s a stack with “fat” protocols and “thin” applications.

Fairer governance

Can support more democratic, distributed governance, e.g. cooperatives (somehow). Can save Democracy.

  • If I Only had a Heart: a DisCO Manifesto - Dec 2019 - A joint publication by DisCO.coop, the Transnational Institute and Guerrilla Media Collective. "Value Sovereignty, Care Work, Commons and Distributed Cooperative Organizations. The DisCO Manifesto is a deep dive into the world of Distributed Cooperative Organizations. Over its 80 colorful pages, you will read about how DisCOs are a P2P/Commons, cooperative and Feminist Economic alternative to Decentralized Autonomous Organizations (DAOs). The DisCO Manifesto also includes some background on topics like blockchain, AI, the commons, feminism, cooperatives, cyberpunk, and more."
  • Wired: The Father of Web3 Wants You to Trust Less - 2021-11-29 - Gavin Wood, who coined the term Web3 in 2014, believes decentralized technologies are the only hope of preserving liberal democracy.

Fairer Economy

Reference

History of speculation, manias, etc.

Inbox

This is a section for links that haven't yet been reviewed and/or allocated to a particular section.

Other suggestions

  • New topic concerning the psychological harm, such as: gambling, greed, cultism, etc.
  • New topic along the lines of “Ex-coiners speaking out.”