The Fourth Industrial Revolution vs the Third
DeFi/web3/crypto is Fourth Industrial Revolution technology. unlike industrial revolutions before it, it doesn't exist to make human activity more efficient; it exists to disintermediate the middle. because the middle is where exploitation and coercion occur.
globalism outsources the periphery; blockchains disintermediate the gatekeepers. to decentralize is to inherently sacrifice efficiency, why do that?
we're making databases and applications less efficient intentionally because it makes them more impervious to abuse, censorship, and corruption.
this means DeFi is not an engineering solution, but a political one. because this is a politically optimized technology, at the expense of engineering optimization.
DeFi makes accessing previously privileged resources and infrastructure a right. permissionlessness is a profoundly critical concept for us. states and corporations in no way operate "permissionlessly"; for them, everything is permissioned.
if you understand the middle as a fulcrum of censorship and coercion, it makes intuitive sense to you to build around it. if you understand the middle as your friend (eg Krugman), you'll be continually confused by what we're building and why it even exists. you will correctly perceive it as a threat to you.
Fourth Industrial Revolution (FIR) tech cannot be compared to Third Industrial Revolution (TIR) tech insofar as the coordination and adoption problems it will face.
the TIR and tech before it is is apolitical. it only magnifies productivity and efficiency, some form of "a bicycle for the mind". it is accretive to the state, corporations, and the individual.
FIR exists to disintermediate the existing structure of compute and finance. it is detractive to the state and corporations, and wildly accretive to the individual.
DeFi removes the state out of financial infrastructure as its essence. as its core motivation.
your sales pitch to the state when advancing DeFi will always fundamentally be: "hey how about you have less control and power than you do now?"
federal power is a politician's power; you are asking them to willingly relinquish it. the same power that the US fought world wars to win, and forcefully imposes on the current financial system. that does not get handed over with words and lobbying, it is taken. you cannot "lobby" the CIA.
this is assuming you understand DeFi as an ethereum-style cypherpunk "no one controls this" instantiation, which is what true crypto is. a fedchain is not DeFi. I'm sure corporations and the state will be fans of and support fedchains. if that's all we become, then that means we were defeated.
the very nature of what we're building implies political action, and thus will require forms of political coordination and messaging. sides will have to be taken, because like it or not you are actively advocating libertarian ideology with this technology.
blog linked in profile.
Don't sympathize with the state, empathize. You'd hate us too.
see, the thing is, Krugman is right: crypto is a political threat, by design. because it's an inherently political technology. he's right to fear us. separating state from money and the financial system... what do you guys think that means? vibes? essays?
countries wage wars over this. we sanction people and put them on lists if they violate it. intelligence agencies overthrow leaders because of it. Saddam wanted Iraqi oil sold in euros in 2000, several years later, he was gone.
we created a literal Proof of Violence network to enforce and support the use of the dollar globally and impose our will on international financial transactions. but yeah Trump's speech at the bitcoin conference in august of an election year was cool though.
as a loyal state stormtrooper, Krugman's stances on DeFi are not misguided. the neoliberal's heart weeps openly at the thought of government having less power; the neoconservative's heart weeps silently, while telling you it's fighting for you.
all of the post-hoc justifications they use to slander DeFi ("it's for criminals!" "it's money laundering!" "climate and equality, or something!") are just that, a client-facing rationale for the real motivations: control and soft power.
an unstoppable force and immovable object clashing do not have PR departments that say they're unstoppable and unmovable.
remember that conservatism is liberalism going the speed limit in wealthy nations. it does not thwart anything over 10-20 year timelines, it's merely the more scenic route to your destination. I will vote right, because it gets us to confronting these irreconcilable differences more slowly. it lets us advance our tech and positioning in the interim. it is strategically expedient.
I expect no one who represents this state machine and its interests to advance ours, because those interests are not aligned. and neither should you. I say this not to bring you down, but because I don't want to see those I consider allies and friends hurt and deceived.
don't delude yourself that the party that's stopped essentially zero liberalization of institutions, as well as facilitating the expansion of the state just as much as the "opponent", is going to protect you. controlled opposition says all the things you need to hear (especially in election season!), with little intent or ability to actually do any of it.
excerpt taken from here, The Vietnam Thesis (remove 7s):
backthebunny.subs77tack.77com/p/the-vietnam-thesis