molly white Web3 is on track Fame Reviews Read Write Own is a book by Chris Dixon, lead crypto partner at VC firm Andreessen Horowitz. According to his own description, the book seeks to provide an exploration of “the power of blockchain to reshape the future of the internet.” White writes: Over three chapters, Dixon provides a (rather revisionist) history of the web to date, explains how blockchains work, and explains the kinds of things that could theoretically be done with blockchains. , “Part 4” remains. : Here and Now,” and finally, “Part Five: What's Next.” The name of the fourth part suggests that he will list his blockchain projects that are currently successful in solving real problems.
Dixon says that in the early days of web1, or the “reading era” (a period he defines as 1990 to 2005), “anyone could type a few words into a web browser and read almost anything through a website. He talks about how he was able to read about all the topics. . This completely ignores the fact that very few people at the time had access to computers, much less computers with access to the Internet. By 2005, approximately 16% of people around the world were online. This may be why Part 4 is just four and a half pages long. And rather than name any successful projects, Dixon instead spends several pages slamming “casino” projects, giving cryptocurrencies a bad name and encouraging “ethical entrepreneurs” in the United States. . . . are afraid to make products, prompting regulatory oversight. .
In fact, throughout the book, Dixon fails to identify a single blockchain project that has successfully delivered non-speculative services at any scale. The closest he ever gets is when he says, “Technologists have dreamed of building grassroots Internet access providers for decades.” He describes Helium as one of his projects that has “further advanced than anyone else”. He's right. As long as you ignore the fact that Helium was offering his LoRaWAN and not the internet, at the time of his writing, Helium hotspots could even generate enough tokens for operators to break even. I had passed that stage a long time ago. , and that the network was collecting usage fees of about $1,150 per month, even though the company was valued at $1.2 billion. Oh, and the company has been accused of grossly lying to the public about its supposed big customers, and executives are accused of hoarding the project's tokens to line their own pockets. But hey, the a16z sunk millions of dollars in helium (a fact Dixon never mentions), so it might as well spark some new interest. References: How tech companies made a book that boosts cryptocurrencies a NYT bestseller by gamifying the system.
