A16z Partner: Suppress the “casino culture” of blockchain and return value to network participants
Original author: STANFORD BLOCKCHAIN CLUB
Original compilation: Deep Chao TechFlow
In this article, A16z Partner Chris Dixon places blockchain in the broader context of the history of the Internet and the network economy, discussing the importance of tokens, blockchain’s casino culture and computer culture, and how blockchain is redefining Digital ownership concept. Simply put, by returning value to the users and creators of the network, blockchain achieves technological breakthroughs, breaks the mold of traditional networks, and opens up new possibilities for innovation.
Introduction
The Internet is arguably one of the most important inventions of the postwar era and is the technological foundation for modern comfortable life. Although the Internet began as an open and non-profit network, today most of its value is captured by a handful of large technology companies such as Google, Meta, and Amazon. However, in READ WRITE OWN, we propose a perspective that sees blockchain as a new turning point in the evolution of the Internet.