The key difference is that Linux had no way to fund its own development.
Open source tech has always relied on altruism and generosity.
Now Open source tech is funded by greed, and that is extremely powerful, however horrifying.
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Agree but I think it will not happen so dramatically fast.
Because there are enough players that will fight massive first. I think the FUD we saw from the past will 10x first, new regulations come into place, prices will dump massive,
before the people see, even after this, the strong chains still stay.
It will kill all meme coins, all centralized coins, and so on. And this will open the door.
Square as a payment provider needs to adopt like Paypal. So I don't wonder about that. But it's old institutional money and also authorian. so I don't see it bringing anything into the space.
I expect a lot of companies will follow to extract some money out of it.
Excellent point!
I think ultimately the traditional corporation will die, and be replaced by DAOs and DACs, which can scale up to millions much easier. The problem I see here is tribalism. We've already seen what Bitcoin has done to the maximalists. These DAOs are going to turn into legit cults, and those cults are going to start doing some super fucked up shit and justifying their bullshit behavior.
That's when other DAOs will have to team up against these toxic cults, and inevitably I can see that leading back to a state of empire where many communities and currencies are bound by the rulership of a "higher authority". Whatever happens, gonna be super fucking weird. I can guarantee that much.
Obviously not gonna be all sunshine and rainbows.