All of leo's Comments + Replies
Excellent description of how stories play a critical role. I'm interested in whether the same sorts of stories could be updated and played again, or whether it has just become harder to share these kinds of stories. In the UK, in 1951, there was the Festival of Britain, which was similar to other events of the time: showing how the future could be great. It was at the newly built Southbank Centre. Such events require lots of public sector funding and, particularly to hold frequently, bi-partisan commitment. It seems like this is a prerequisite for national... (read more)
Early adopter influence is one in some cases, I think when the tech plays a part in providing infrastructure, perhaps also elsewhere.
Kelly talks about crypto, and this is my motivating example here:
Today, though decentralised in name, most of the biggest organisations in crypto are controlled by tiny groups of people, typically single digits (for the orgs where voting takes place on the blockchain, you can verify this yourself).
Such concentration isn't really a problem when a space is small, like crypto is today (relatively: <1 million active users by f... (read more)
I wrote about Class 1 / Class 2 in the context of blockchain for my blog today and wanted to share my updated thoughts after spending a few days thinking.
I think fundamentally, Class 2 problems is just a rephrasing of tragedy of the commons issues. Rephrasing is useful because it gives us a new perspective to approach an issue.
In the piece, I suggest that we can predict Class 2 problems by thinking about the specific features of the technology, eg blockchain, which motivate entrepreneurs to solve the Class 1 problems, and thinking about how those features ... (read more)