Interesting read. My two cents: "Of course, Web3 had decent reason to think that financial incentives were all that was needed to bootstrap a zealous user base. After all, the original blockchain communities of miners and validators were driven entirely by financial incentives." >>> I don't think that OG blockchain communities were driven by financial incentives. Back then Bitcoin was worth close to 0, and you'd need to be super optimistic to predict its skyrocketing price. Most people from the early community were not that optimistic - if they did, they'd not buy Pizzas for 10,000 BTC or sell their holdings for a few bucks. I was not around back then but if I were to bet, I'd say that many of the early blockchain community members were driven by social incentives - building together something cool, technically demanding, and rebellious. Same as the early PCs community. "there’s no club that genuinely cool people would like to be part of less than one whose membership can simply be bought." >>> Yes and no. Many cool social clubs remain cool for years despite selling their membership. You ofc don't just buy a membership card there - you'd need to finance some NGOs (Amfar gala), gallery (Met gala), or a movie (Cannes festival).
Your way of quoting is really a mess Mac! In online forums people quote like this: > this is a quote that's all, that's the way. If you have a quote without a line break, you can let it run across multiple paragraphs. There's literally no other legit way of quoting. > Of course, Web3 had decent reason to think that financial incentives were all that was needed to bootstrap a zealous user base. After all, the original blockchain communities of miners and validators were driven entirely by financial incentives. You can also do multi-line quotes > ABC > def
Haha, I don't know where I got these ">" in front of my text from, probably from 4chan green texts? Anyway, thanks for the protip - will adapt!