An under-appreciated aspect of the crypto-economy's flourishing is that it's a massive redistribution of wealth from old, mainstream institutions toward independent thinkers. There are now about 100,000 Bitcoin millionaires, and there will soon be quite a few crypto billionaires. We’re going to have a new financial elite, competing with the old, an... See more

Some critics say Urbit will never scale, some say it’s just an art project, others say it’s too hard to learn, and still others say it’s just too crazy to take seriously.

Urbit is the only serious project trying to solve all of the above problems, by routing around their shared root. Urbit obviates altogether the client-server relationship. On Urbit, everyone is a server and servers communicate and network directly, peer-to-peer. Even if you consider the probability of mass adoption low, the expected value of solvin... See more

But if the benefits of an alternative networking paradigm were to increase over time, and the cost of joining decreases, then eventually the most intelligent and ambitious creators must find it in their interest to become their own server, exactly as Substack writers realized they could become their own publication (instead of working for one), Ins... See more

I say it’s just crazy enough that it might work.

Why build on Discord when you know with near certainty that within a few years you’ll have to move to the next hot platform? Or worse, get kicked off as soon as you become powerful, as happened to WallStreetBets. I’d rather be early on the platform aiming to be the platform-to-end-all-platforms—where the probability of mass adoption is unclear but ... See more

For at least a decade now, we have been observing what I call a prestige-defection dynamic (1, 2). The value of a prestigious affiliation is decreasing relative to the value of owning the authentic attention of an audience. Thus, New York Times journalists quit to write on Substack, professors quit academia to teach independent courses online, etc.... See more

Why send your blog posts or videos to a middleman, asking them to kindly post it from their server, so that they can send it to people who signed up to hear from you? The main reason, frankly, is that even many smart creators don't understand the current internet's architecture. But people learn fast when there is a large degree of money and power ... See more

The client-server relationship is arguably the crux of the worst problems with the contemporary internet. Examples include having to manage many different login credentials, being exploited by algorithms outside your control, the inability to own your data, the inability to customize interfaces, and constant political battles over what servers shou... See more