| 1. | 0xdb8f...bcfd | 4.5M |
| 2. | jcandqc | 4.1M |
| 3. | baldinini | 941K |
| 4. | partytime | 939K |
| 5. | jimmyyyy | 918.6K |
| 6. | witcher01 | 898.8K |
| 7. | kualta.eth | 869.1K |
| 8. | Brandon Donnelly | 702.4K |
| 9. | ZORG | 487.3K |
| 10. | Ev Tchebotarev | 170.5K |
| 1. | 0xdb8f...bcfd | 4.5M |
| 2. | jcandqc | 4.1M |
| 3. | baldinini | 941K |
| 4. | partytime | 939K |
| 5. | jimmyyyy | 918.6K |
| 6. | witcher01 | 898.8K |
| 7. | kualta.eth | 869.1K |
| 8. | Brandon Donnelly | 702.4K |
| 9. | ZORG | 487.3K |
| 10. | Ev Tchebotarev | 170.5K |

Decentralization, in the crypto/blockchain/web3 sense of the word, is a crucial thing. Here is an excellent article talking about why it is the key innovation of blockchain technology and why it is a central feature in this new emerging web3 world.
But of course, it can all get very complicated. So I thought this -- and in particular the sentence in bold below -- was a good way of describing the benefits:
"...decentralization enables web3 systems to be credibly neutral (they cannot discriminate against any individual stakeholder or any group of stakeholders, which is critical to incentivize developers to build within ecosystems) and composable (to mix and match software components like Lego bricks). As a result, web3 systems function more like public infrastructure than proprietary technology platforms. In contrast to the gated software of Web2, web3 protocols provide decentralized internet infrastructure on which anybody can build and create an internet business. Crucially, in web3, this can be done without the permission of the original deployer of the protocol or the need to use a centrally controlled interface."
This resonated with me because think about how important public infrastructure is to our cities. Most of us take it for granted that, when we need it, we can just plug in and access electricity, water, sewer, and other public infrastructure.
But throughout history, these services have been fundamental to the growth of our cities. They empowered scale and better health outcomes, among other things. So it's exciting to think that we are now living through the creation of something kind of similar in tech.
Image: a16z

Cities are complicated. And we have spoken before about how it can sometimes feel like they never really reach homeostasis. In extreme cases, it might seem like they're either decaying and losing people, or they're too successful.
I was reminded of this again this morning while reading an article about how Rome's historic city center is being overrun with Airbnbs and tourists, and how it is pushing out the locals. It has, arguably, become too successful as a tourist destination.

Of course, this problem isn't unique to Rome. Venice has the same thing going on, though probably to a greater extent. And Amsterdam is currently working to attract more highbrow tourists and to move their red light district out of the city center.
But the question I have is: What's the right amount of tourism? If 25,000 listings is too many for Rome, what's the right number? And do cities ever really achieve homeostasis, where, you know, things feel just right? Here's an excerpt from the above article that describes what parts of Rome were like before the tourism boom:
Ms. Rapaccini remembers when Monti was a quiet, authentic haven for arty types and locals. She and her late partner, the film director Mario Monicelli, who received six Oscar nominations, moved to Monti in 1988. The area was unfashionable, dirty and full of prostitutes, but beautiful in its gritty way, “like a little village” even though it was in the heart of a big, bustling city, she recalls. The apartments were cheap and the area began to attract film types, journalists and artisans – none of them rich – who mixed easily with local workers and shop owners.
It's a romantic description of what sounds like a pretty gritty area. Unfashionable, dirty, and full of prostitutes is apparently better than full of annoying American tourists. And perhaps it is. But then what was the area like before it was unfashionable, dirty, and full of prostitutes? Was that also better?
I have no idea. But cities are constantly changing and evolving, and they were doing it long before any of us arrived, especially in the case of an ancient city like Rome. Maybe that's what makes it so difficult to hang onto that exact moment in time when everything was just right.
Chart: Globe and Mail
As many of you know, I am an advocate for high-speed rail in Canada. Specifically along the Windsor-Quebec City corridor, which is the most densely populated part of the country. And so I found this comparison interesting:
"If there is one project that would create thousands of jobs, improve business productivity, clean up the air, reduce the output of greenhouse gases and cut the demand for endless highway construction, it would be high-speed electric rail between Toronto, Ottawa and Montreal, where population densities are high enough to make the project sensible. Cost estimates are all over the map. The University of Toronto’s Munk School of Global Affairs & Public Policy put the price tag at about $12-billion, which is $2-billion less than the bucks being thrown at the Volkswagen battery plant alone. But forget it – the Canadian government wants more cars, not fewer. Canadian cities will remain car sewers forever."
The above excerpt is from this opinion piece talking about EVs and the public subsidies being paid to encourage battery production within Canada. I get that we want to be part of this important mobility shift. But we are way behind when it comes to high-speed rail.
And by behind, I mean that we don't have it at all in this country.

Decentralization, in the crypto/blockchain/web3 sense of the word, is a crucial thing. Here is an excellent article talking about why it is the key innovation of blockchain technology and why it is a central feature in this new emerging web3 world.
But of course, it can all get very complicated. So I thought this -- and in particular the sentence in bold below -- was a good way of describing the benefits:
"...decentralization enables web3 systems to be credibly neutral (they cannot discriminate against any individual stakeholder or any group of stakeholders, which is critical to incentivize developers to build within ecosystems) and composable (to mix and match software components like Lego bricks). As a result, web3 systems function more like public infrastructure than proprietary technology platforms. In contrast to the gated software of Web2, web3 protocols provide decentralized internet infrastructure on which anybody can build and create an internet business. Crucially, in web3, this can be done without the permission of the original deployer of the protocol or the need to use a centrally controlled interface."
This resonated with me because think about how important public infrastructure is to our cities. Most of us take it for granted that, when we need it, we can just plug in and access electricity, water, sewer, and other public infrastructure.
But throughout history, these services have been fundamental to the growth of our cities. They empowered scale and better health outcomes, among other things. So it's exciting to think that we are now living through the creation of something kind of similar in tech.
Image: a16z

Cities are complicated. And we have spoken before about how it can sometimes feel like they never really reach homeostasis. In extreme cases, it might seem like they're either decaying and losing people, or they're too successful.
I was reminded of this again this morning while reading an article about how Rome's historic city center is being overrun with Airbnbs and tourists, and how it is pushing out the locals. It has, arguably, become too successful as a tourist destination.

Of course, this problem isn't unique to Rome. Venice has the same thing going on, though probably to a greater extent. And Amsterdam is currently working to attract more highbrow tourists and to move their red light district out of the city center.
But the question I have is: What's the right amount of tourism? If 25,000 listings is too many for Rome, what's the right number? And do cities ever really achieve homeostasis, where, you know, things feel just right? Here's an excerpt from the above article that describes what parts of Rome were like before the tourism boom:
Ms. Rapaccini remembers when Monti was a quiet, authentic haven for arty types and locals. She and her late partner, the film director Mario Monicelli, who received six Oscar nominations, moved to Monti in 1988. The area was unfashionable, dirty and full of prostitutes, but beautiful in its gritty way, “like a little village” even though it was in the heart of a big, bustling city, she recalls. The apartments were cheap and the area began to attract film types, journalists and artisans – none of them rich – who mixed easily with local workers and shop owners.
It's a romantic description of what sounds like a pretty gritty area. Unfashionable, dirty, and full of prostitutes is apparently better than full of annoying American tourists. And perhaps it is. But then what was the area like before it was unfashionable, dirty, and full of prostitutes? Was that also better?
I have no idea. But cities are constantly changing and evolving, and they were doing it long before any of us arrived, especially in the case of an ancient city like Rome. Maybe that's what makes it so difficult to hang onto that exact moment in time when everything was just right.
Chart: Globe and Mail
As many of you know, I am an advocate for high-speed rail in Canada. Specifically along the Windsor-Quebec City corridor, which is the most densely populated part of the country. And so I found this comparison interesting:
"If there is one project that would create thousands of jobs, improve business productivity, clean up the air, reduce the output of greenhouse gases and cut the demand for endless highway construction, it would be high-speed electric rail between Toronto, Ottawa and Montreal, where population densities are high enough to make the project sensible. Cost estimates are all over the map. The University of Toronto’s Munk School of Global Affairs & Public Policy put the price tag at about $12-billion, which is $2-billion less than the bucks being thrown at the Volkswagen battery plant alone. But forget it – the Canadian government wants more cars, not fewer. Canadian cities will remain car sewers forever."
The above excerpt is from this opinion piece talking about EVs and the public subsidies being paid to encourage battery production within Canada. I get that we want to be part of this important mobility shift. But we are way behind when it comes to high-speed rail.
And by behind, I mean that we don't have it at all in this country.
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