When Dan wrote this a week ago, I thought it sounded very far-fetched. Now it sounds almost inevitable.
Robin adds a long-zoom perspective on my recent post:
Occasionally, I wonder whether I’ve got it all wrong. Is my age, my technical unsophistication, or my fond remembrance of an internet unencumbered by commerce blinding me to the opportunities that crypto offers me? But then I read something terrible and I recant my doubts, meditate for a while and get on with my life.
Blockchain technologies have somehow managed to land in the worst of both worlds—decentralized but not really, immutable but not really.
A great analysis of the system of smoke and mirrors that constitutes so-called web3:
Instead of being at the mercy of the “big tech” companies like Amazon and Google that monopolize the traditional way of doing things on the web, you are now at the mercy of a few other tech companies that are rapidly monopolizing the blockchain way of doing things.
A balanced, even-handed look at actually using so-called web3 technology. It turns out that even if you leave the ethical and environmental concerns aside, the technological underpinning are, um, troublesome to say the least.
A very even-handed and level-headed assessment by Laurie, who has far more patience than me when it comes to this shit.
The term “web3” is a transparent attempt to associate technologies diametrically opposed to the web with its success; an effort to launder the reputation of systems that have most effectively served as vehicles for money laundering, fraud, and the acceleration of ransomware using the good name of a system that I help maintain.
Perhaps this play to appropriate the value of the web is what it smells like: a desperate move by bag-holders to lure in a new tranche of suckers, allowing them to clear speculative positions. Or perhaps it’s honest confusion. Technically speaking, whatever it is, it isn’t the web or any iteration of it.
Web3 is like a combination of pyramid schemes, scientology and Tamagotchi. There’s the fact that ultimately anything you do on blockchains costs you real money and that once you’ve paid that, you’re one of the people who need to get the next cohort of buyers onboard or lose your money. There’s believing that you’re joining a movement that’s in the know, with all kinds of interesting words and sci-fi stuff that normies just don’t understand. And there’s your portfolio, your pretty JPGs, wallets, apps and everything you spent so much time on understanding and maintaining. Good luck avoiding sunk cost fallacy there.
Much of the energy behind crypto arises from the very strong need that some people feel to operate outside of a state, and therefore outside of any sort of democratic communal overview. The idea that Ayn Rand, that Nietzsche-for-Teenagers toxin, should have had her whacky ideas enshrined in a philosophy about money is what is terrifying to me.
We are so excited by the idea of machines that can write, and create art, and compose music, with seemingly little regard for how many wells of creativity sit untapped because many of us spend the best hours of our days toiling away, and even more can barely fulfill basic needs for food, shelter, and water. I can’t help but wonder how rich our lives could be if we focused a little more on creating conditions that enable all humans to exercise their creativity as much as we would like robots to be able to.
The underlying technology of cryptocurrency is based on a world without trust. Its most ardent proponents want to demolish institutions and abolish regulation, reducing the world to a numbers game which they believe they can win. If the wildest fantasies of cryptocurrency enthusiasts were to come true, if all the environmental and technical objections were to fall away, the result would be financial capitalism with all the brakes taken off.
The promotion of cryptocurrencies is at best irresponsible, an advertisement for an unregulated casino. At worst it is an environmental disaster, a predatory pyramid scheme, and a commitment to an ideology of greed and distrust. I believe the only ethical response is to reject it in all its forms.
Forgive me for linking to The Rag, but for completeness’s sake, it would be remiss of me not to point out more coverage of “that” question I asked:
It was to the company’s credit that it chose to take the question posed by Clearleft’s Jeremy Keith, well known in the web standards community and who was briefly on the advisory committee for AMP (Accelerated Mobile Pages), before resigning saying that “it has become clear to me that AMP remains a Google product.” AMP has been in the news of late with a lawsuit alleging Google deliberately throttled ad load times to promote it, and Keith asked: “Given the court proceedings against AMP, why should anyone trust FLOC or any other Google initiatives ostensibly focused on privacy?”
An article by Sarah Gooding, prompted by the question I asked at Chrome Dev Summit:
Jeremy Keith’s question referencing the AMP allegations in the recently unredacted antitrust complaint against Google was extremely unlikely to receive an adequate response from the Chrome Leadership team, but the mere act of asking is a public reminder of the trust Google has willfully eroded in pushing AMP on publishers.
Honestly, cryptocurrencies are useless. They’re only used by speculators looking for quick riches, people who don’t like government-backed currencies, and criminals who want a black-market way to exchange money.
Bruce Schneier on the blockchain:
What blockchain does is shift some of the trust in people and institutions to trust in technology. You need to trust the cryptography, the protocols, the software, the computers and the network. And you need to trust them absolutely, because they’re often single points of failure.
Google hijacking and hosting your AMP pages (in order to pre-render them) is pretty terrible for user experience and security:
I’m trying to establish my company as a legitimate business that can be trusted by a stranger to build software for them. Having google.com reeks of a phishing scam or fly by night operation that couldn’t afford their own domain.
The transcript of a talk that is fantastic in every sense.
Fans are organised, motivated, creative, technical, and frankly flat-out awe-inspiring.
That’s a harsh headline but it is unfortunately deserved. We should indeed hold Mozilla to a higher standard.
Such a great primer on game theory—well worth half an hour of your time.
Hadley points to the serious security concerns with AMP:
Fundamentally, we think that it’s crucial to the web ecosystem for you to understand where content comes from and for the browser to protect you from harm. We are seriously concerned about publication strategies that undermine them.
The anchor element is designed to allow one website to refer visitors to content on another website, whilst retaining all the features of the web platform. We encourage distribution platforms to use this mechanism where appropriate. We encourage the loading of pages from original source origins, rather than re-hosted, non-canonical locations.
That last sentence there? That’s what I’m talking about!