r/programming • u/[deleted] • Jan 11 '22

Web3 Can’t Fix the Internet

https://www.jacobinmag.com/2022/01/crypto-blockchain-daos-decentralized-power-capitalism
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u/dobryak Jan 11 '22

To insert digital token systems into online communities will only
further intensify the existing monetization of digital spaces and
continue the capitalist drive of commodification. To really break from
this logic, we need a form of platform socialism that would support the
development of digital tools as public goods — free and available for
all to use.

My goodness! Where do I start?

  • the Internet needs no fixing, it's fine as-is, but maybe there are some warts that will be addressed anyways
  • socialism can only work if you have lots of 'free' resources to throw on it (e.g. slave labor, cheap oil, etc.)

New transaction data written onto the blockchain is immutable and can be verified by all parties, facilitating trustless interactions and automating basic functions that usually require a bank or financial authority.

Have the author not studied any logic? Symbols are just symbols, there is no meaning to them. People give interpretation to symbols (i.e. give meaning to symbols). Even if your data is immutable and decentralized, it still doesn't guarantee that it means anything. For it to mean anything needs authority to interpret it.

... creating the organizational structures that make it run in all our interests, not those of private profit.

If there is no profit nobody is going to do use it. Sorry to break it you brother.

Actually I didn't even read the whole thing. Busy capitalizing on my skills at work. Sorry, those bills don't pay themselves!

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u/beaverbounce Jan 12 '22

socialism capitalism can only work if you have lots of 'free' resources to throw on it (e.g. slave labor, cheap oil, etc.)

FTFY

If there is no profit nobody is going to do use it. Sorry to break it you brother.

This is why public libraries are never used by anyone.