Web3’s Great Gambit: Incentives for the Almost Impossible
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So the real argument for crypto, and more broadly decentralization, is not that centralized systems are broken. Or that the current business models of the internet are not working. Because, in fact, they are for most consumers and many tens of thousands of creators. It’s that they are so functional that only a radical redistribution of control and ownership could wedge new opportunities to create more equity. It’s an attempt to counterbalance the massive ‘power law effects’ of these centralized systems.