Web 3.0 and the Future of Trust

Indeed, taken to the limit, in Web3, users sometimes have no need to trust the company (or people) behind a project; rather, they just have to trust the code itself.

It also makes intuitive sense that we’d have digital money that’s programmable. We'‘re programming everything now; mRNA is basically running a program on the cellular level. Many of the current problems in the digital economy -- lack of trust, misaligned incentives, controlling gatekeepers, treating audiences as a resource to be exploited -- arise ... See more

The technology behind OpenSea is not quite “OpenSea keeps a list, in Excel, of who owns which NFTs.” The underlying list is kept on the blockchain; it’s just that OpenSea can modify its version of the list however it wants, and its modifications are in practice pretty binding. And in fact there are regular rounds of stories in which (1) some gullib... See more