From an upcoming paper: We used the financial machinery of 2018 because it was the only machinery there was — if you needed capital to build, you issued a token, and tokens attract speculators no matter what they were sold to do. But we were never building a better blockchain, or making another wager on the same architecture. We were building the web 3.0 that the prevailing crypto industry architecture claimed to be, but could never become by design.

From an upcoming paper: We used the financial machinery of 2018 because it was the only machinery there was — if you needed capital to build, you issued a token, and tokens attract speculators no matter what they were sold to do. But we were never building a better blockchain, or making another wager on the same architecture. We were building the web 3.0 that the prevailing crypto industry architecture claimed to be, but could never become by design.

Source:https://x.com/Holochain/status/2090831547469320672