Smart contract blockchains will become less cypherpunk, says VC boss

Jesse Walden, managing partner at Variant Fund, says the original cypherpunk values that influenced early blockchains could fade over time.

The original “cypherpunk” values that inspired the first smart contract platforms will likely phase out over the next 10 years as institutional adoption forces them to become optimized for speed and compliance, says Jesse Walden, the managing partner of Variant Fund. 

In a Sept. 30 blog post, Walden explained how the first decade of blockchain development was inspired by Bitcoin’s original cypherpunk values: “censorship resistance, open source, permissionlessness, and a new glimmer of building a democratic [and] equitable internet on top of a shared world computer.”

Source: Jesse Walden

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Jesse Walden, managing partner at Variant Fund, says the original cypherpunk values that influenced early blockchains could fade over time.
The original “cypherpunk” values that inspired the first smart contract platforms will likely phase out over the next 10 years as institutional adoption forces them to become optimized for speed and compliance, says Jesse Walden, the managing partner of Variant Fund. In a Sept. 30 blog post, Walden explained how the first decade of blockchain development was inspired by Bitcoin’s original cypherpunk values: “censorship resistance, open source, permissionlessness, and a new glimmer of building a democratic [and] equitable internet on top of a shared world computer.”Source: Jesse WaldenRead more