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The blockchain is what we call a "trustless" architecture. It stands in for trust in the absence of more traditional mechanisms like social networks and co-location. It allows cooperation without trust [...] proof-of-work is not a new form of trust, but the abdication of trust altogether as socia…

[...] While coding may sound like a solution to current market woes, in truth, it will only delay the eventual degradation of such digital labor. When everyone can code, those jobs too will go the way of other forms of work--outsourced, undervalued, underpaid, or automated. However, a digital skill…