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A Last-Ditch Plan to Save the Crypto Industry
In his new book "Read Write Own," investor Chris Dixon mounts a defense of blockchain, arguing it can save society from the monopoly power of tech giants.
The concentration of power in the hands of Big Tech led to a process of enshittification, whereby companies deprioritize the interests of users and clip the revenue shared with content creators in favor of juicing profits. However, as figures like Moxie Marlinspike, creator of secure messaging app Signal, have argued, the clunkiness of blockchain might simply drive people toward new intermediaries that can make things simpler, replacing old rent-seeking gatekeepers with new ones. In an essay published in October, “ The Techno-Optimist Manifesto,” Andreessen asserted that “technology is the glory of human ambition,” and that those who stand in the way of its development are complicit in a “mass demoralization campaign” premised on outmoded socialist ideas.
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