VC Dixon defends crypto despite recent failures, sees decentralized potential if everyday uses emerge
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Chris Dixon, a venture capitalist at Andreessen Horowitz, has written a new book defending crypto and blockchain despite recent failures like FTX. He argues it can decentralize power on the internet.
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Dixon sees 3 eras of the internet - read, write, and own. Crypto allows people to truly own and control platforms, unlike big tech networks today.
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However, crypto lacks compelling everyday "killer apps" so far. Dixon hopes computing advances will change that, but it could be a decade away.
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Andreessen Horowitz has backed crypto despite helping big tech centralize power. Dixon now lobbies Congress for crypto-friendly laws, trying to combat that image.
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It's uncertain if venture money and incentives fit with decentralization principles. Cryptocurrencies that succeeded without it like Bitcoin had different outcomes compared to VC-backed projects.