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Timothy B. Lee's avatar

I don't understand why cryptocurrency is important here. If somebody subscribes to a Substack newsletter, they're paying directly for content in the same way as in your web3 diagram, but there's no blockchain involved. What does a blockchain let you do that you couldn't do with classic Internet technologies? And if you could do this stuff with classic technologies, then why should we expect the emergency of cryptocurrencies (or other changes?) to lead to a deep change in the economic structure of the Internet?

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David's avatar

If cryptocurrencies were more about a reasonable way to do micropayments, and less about scammy techbros spruiking get rich quick schemes with a side-order of guns & prepping libertarianism, it'd be so much more interesting.

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