The World Wide Web turned 30 this week. I wouldn’t be a good former history major if I didn’t use this chance to look back to look forward.
First, check out WWW investor Tim Berners-Lee’s thoughts on the three key challenges
facing the web in its next 30. Then, for some crypto history, check out this thread on Satoshi’s source code (timechains
, anyone?), as well as the shift when the cypherpunks
stopped thinking they had to build digital currency on existing financial infrastructure.
The point of history is to learn so that we can make new mistakes instead of repeating the old ones. With that in mind, check out this essay about moments where our relationship with privacy
changed, and then clear your calendar for this monster historical explanation connecting the dots between the ICO bubble
, the p2p file sharing movement, 90s penny stocks and the dotcom bubble.
If you’re the type of person who wants to zoom ahead instead of look back, check out this prediction that in 50 years, 50% of all assets
will live on an open source financial protocol. Read this argument for why “utility coins” were backed by nothing, but tokens backed by data
are just around the corner. Then spend some time absorbing this idea that, effectively, physical goods are already digital goods
Happy Long Reads
Long Reads Sunday #38. The World Wide Web turned 30 this week. Seems as good a time as any to ponder what the next 30 might look like, remade by open, permissionless, decentralized and censorship resistant technologies. Strap in, kids, it’s a particularly ponderous long reads time!
6/ History is also about looking forward. In his latest, @tonysheng looks at historical moments that changed how we care about privacy, and asks what will jolt us to actually care about the emerging “Unstoppable Panopticon” https://www.tonysheng.com/privacy-unstoppable-panopticon
8/ Whether that bold prediction comes true or not, it is undeniable that open finance is capturing people’s attention. @FredWilson provided an intro to the topic on his uber popular @avc blog https://avc.com/2019/03/decentralized-finance/
19/ Speaking of competition, one challenge of the major tech platforms is that they’ve moved from cooperating with users to competing with them. @jessewldn argues how crypto networks are enabling an alternative in new forms of persistent cooperation https://twitter.com/jessewldn/status/1101887128340959232
28/ If your preferred learning method is more visual, I recommend the latest Unqualified Opinions live pod with @twobitidiot & @Apompliano. FF to 31:12 for some absolute on how to build a fund https://www.pscp.tv/twobitidiot/1DXGyavkeEvGM
29/ One theme I return to quite a bit is the idea of “complexity theater,” which is the temptation to make things complex for the sake of proving intellectual bonafides. @jposhaughnessy why this is the exact opposite of what good investors should do. https://twitter.com/jposhaughnessy/status/1106623221967867904
30/ And finally, one last big thinker to get you going. @literature zooms out to argue that “digital goods” are more advanced than we think, because already the value and status of even physical goods is determined in the digital realm. https://twitter.com/iiterature/status/1105230516603760646
32/ And with that, LRS38 is in the bag. As always, let me know what you loved and what I missed. To get LRS via email, sign up here:
33/ AND we have our first appendix. I meant to include this great piece by @danzuller
on monetary premiums in crypto networks. https://twitter.com/danzuller/status/1106960294725734402