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Jesse Walden, managing partner of Variant Fund, has highlighted a significant shift in the landscape of smart contract blockchains. According to Walden, the original cypherpunk values that characterized the first decade of smart contracts—censorship resistance, open source, and permissionlessness—are diminishing as larger, more centralized entities enter the space. This evolution marks a departure from the initial democratic and equitable internet vision that these technologies aimed to build. The increasing influence of big players and big money is leading to a more centralized approach, which some believe may stifle the innovation and openness that were hallmarks of the early blockchain movement.
OPINION: Crypto innovation is suffocating inside closed networks By @AdrienStern of @r3vl_xyz https://t.co/CZmiEVR399
Centralization, decentralization, and Eth I liked Jesse Walden's recent post (linked below) on the coming wave of onchain centralization. Yet, imo the overall flavor of the post may, to some, make it sound a bit like decentralization is forcibly being replaced by centralization…
SMART CONTRACT PLATFORMS EVOLVE BEYOND CYPHERPUNK VALUES So, Jesse Walden from Variant Fund just hit us with some real talk about smart contracts. He’s saying those OG cypherpunk vibes—censorship resistance and permissionless action—are fading as big players step in. Over… https://t.co/NB7iUdqyj3
