Molly White | |
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Born | Molly Allen White 1993 (age 30–31) |
Alma mater | Northeastern University |
Occupation(s) | Software engineer, Writer |
Known for |
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Website | mollywhite |
Molly Allen White [1] (born 1993) is an American software engineer, Wikipedia editor, and crypto skeptic. A critic of the decentralized blockchain (Web3) and cryptocurrency industries, [2] she runs the website Web3 Is Going Just Great and a newsletter, which document malfeasance in that technology space. White has appeared in Web3-related news, consulted on federal legislation for regulating the crypto industry, and successfully proposed that the Wikimedia Foundation cease to collect crypto donations. White additionally volunteers as a Wikipedia editor and is among the site's most active women. She has edited a range of articles on right-wing extremism.
White began editing Wikipedia at the age of 13, and became a site administrator while still in high school. [3] Initially, White wrote articles about her favorite emo bands and women scientists, but she came to write about right-wing extremism —such as Gamergate, the Boogaloo movement, Gab, Parler, and Jacob Wohl —during the first Donald Trump administration. [4] [5] She received mainstream news coverage for her work editing the article about the January 6 United States Capitol attack. [6] [7] Under the username "GorillaWarfare", [3] she had made over 100,000 edits by early 2022. [5] This work, she said, fulfills her interest in validating information online and her belief that spreading information produces societal change. [4] She served six years on the English Wikipedia's Arbitration Committee, which adjudicates editor disputes. [4]
As one of Wikipedia's most active female editors, White has been a regular target of online harassment, threats of violence, doxxing, and hounding both on Wikipedia and off-site. Her experience was the subject of a 2016 speech on editor harassment by Wikimedia Foundation CEO Katherine Maher. White had previously been targeted after her photograph was featured in a Foundation fundraising campaign. The harassment escalated in 2018 after she began editing Wikipedia articles on incels and other contentious topics. [8]
My overwhelming feeling is that Web3 projects seem to be a solution in search of a problem.
In late 2021, White noticed a public tone shift around cryptocurrencies with a push to take crypto mainstream as a default technology. This grew her concerns for the suitability of cryptocurrency in general, based on the performance of past projects. [9] In her research, she started with the Wikipedia article on Web3, an idea for a Web based on decentralized blockchains. Despite the concept's hype on social media with sizable venture capital investment, she found the term to be ill-defined and associated with numerous scams, frauds, and "rug pulls" affecting consumer investors. [5] She created a website, Web3 Is Going Just Great, in December 2021 to document these cases. The website provides a timeline of Web3 and cryptocurrency projects and the losses to their investors. [10] Many of its stories are not covered in the mainstream press, [11] and unlike press coverage of Web3, its headlines are unsensational. [12] The Verge described her writing as "dryly funny, almost clinical" in its documentation. [10] A running total of dollars lost to crypto failures runs in the website's corner. [12] The site also includes a glossary of jargon, curated resources about the blockchain, and an annotated critique of Kevin Roose's New York Times article, "The Latecomer's Guide to Crypto", [13] which she considered a "grossly irresponsible" advertisement for cryptocurrencies. [4] The website's traffic grew quickly after it was listed on Hacker News, Reddit, and multiple news publications, [14] growing to 60,000 and 100,000 monthly visitors by the end of the year. [15] During this time, she worked for several hours a day on the blog. [4] White also covers crypto and trending technology in her newsletter Citation Needed. [16]
By mid-2022, White was known among the most prominent and knowledgeable critics of the crypto and Web3 industries. [2] On those topics, White lectured at Stanford University, counseled U.S. Senator Sheldon Whitehouse on legislation, and provided fact checks for inquiring journalists. [5] Her appearances on Web3-related news sites, podcasts, and technology mailing lists made her into an "unofficial Web3 ombudsperson", according to The Information . [4] She has a large following among cryptocurrency skeptics [17] and, in late 2022, was recognized among both Forbes's "30 Under 30" people in Social Media [18] and Prospect 's list of the world's top thinkers. [19]
White's Twitter thread on flaws in the proposed cryptocurrency project Cryptoland went viral and led to large-scale ridicule of the now-inactive project. [5] In early 2022, she proposed that the Wikimedia Foundation cease accepting cryptocurrency donations, which she argued were associated with predatory technologies and no longer ethical. Following a community vote with majority support among participating Wikipedia editors, the Foundation adopted her proposal in May 2022. [3] She also sees privacy and harassment implications with having an individual's entire transaction history permanently available and accessible to the public via blockchain, and has been surprised by how few companies consider vectors for abuse. According to White, "Any time you're talking about taking user-generated content and putting it into immutable storage, you're going to have really serious problems." [17] She holds that crypto has not democratized the web but has exacerbated inequalities, stating that Web3 technologies have actually re-centralized power under the control of a few wealthy investors, many of whom are already very influential in shaping the current web tech landscape, according to White. [20] She also says that positive use cases for the technology have largely consisted of situations in which "any replacement is better than what exists", such as sending funds to people struggling to live in sanctioned states. [9]
White has called for federal regulation of the crypto industry. She signed a June 2022 letter to the U.S. Congress with 25 other technologists urging regulation. [21] The letter states, in part, that blockchain technology is "poorly suited for just about every purpose currently touted as a present or potential source of public benefit." [22] White opposed a cryptocurrency regulatory proposal by Senators Kirsten Gillibrand and Cynthia Lummis for its leniency on the industry. Cryptocurrencies are treated as consumer investments, more like a security than a commodity, she argued, and should be handled by the U.S. Securities and Exchange Commission, not the Commodity Futures Trading Commission. [23]
At a March 2023 SXSW talk, White claimed that the tech industry's shift to artificial intelligence displayed a similar pattern of hype and uncritical media coverage as happened with blockchain technology. [12]
In 2024, White's Follow the Crypto project tracked political donations from the crypto industry. [24] White and advocacy group Public Citizen filed a campaign finance complaint with the Federal Elections Commission against Coinbase in August 2024, alleging that a $25 million donation to a super PAC was in violation of laws affecting federal contractors. [25]
White was born in 1993 [4] [15] and raised in Maine. [26] While attending Camden Hills Regional High School in Rockport, White interned at a NASA-funded University of Maine lab that researched lunar habitat module sensors. [27] She attended Boston's Northeastern University, where she participated in two co-ops with the marketing software developer HubSpot. After graduating with a bachelor's degree in computer science in 2016, she continued to work there as a software engineer for six years, through May 2022, [26] when she resigned to recover from burnout. [28] As of late 2022, she is an affiliate of Harvard University's Berkman Klein Center for Internet & Society. [15]
White lives in the Greater Boston area. [4] She holds left-wing views that skew towards socialism. [29]
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
Blockchain.com is a cryptocurrency financial services company. The company began as the first Bitcoin blockchain explorer in 2011 and later created a cryptocurrency wallet that accounted for 28% of bitcoin transactions between 2012 and 2020. It also operates a cryptocurrency exchange and provides institutional markets lending business and data, charts, and analytics.
Vitaly Dmitrievich Buterin, better known as Vitalik Buterin, is a Canadian computer programmer and co-founder of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011. In 2015, Buterin deployed the Ethereum blockchain with Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.
Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software.
A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Since each block contains information about the previous block, they effectively form a chain, with each additional block linking to the ones before it. Consequently, blockchain transactions are resistant to alteration because, once recorded, the data in any given block cannot be changed retroactively without altering all subsequent blocks and obtaining network consensus to accept these changes. This protects blockchains against nefarious activities such as creating assets "out of thin air", double-spending, counterfeiting, fraud, and theft.
The BitGive Foundation is an American nonprofit organization that solicits bitcoin donations for use in charitable causes.
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Everipedia is a blockchain-based online encyclopedia. Everipedia was founded in 2014 and was officially launched in 2015, as a fork of Wikipedia. Larry Sanger joined the company in 2017. In 2022, Everipedia was renamed IQ.wiki.
Gavin James Wood is an English computer scientist, a co-founder of Ethereum, and creator of Polkadot and Kusama.
EOS.IO is a blockchain protocol based on the cryptocurrency EOS. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. It was developed by the private company Block.one and launched in 2017. The platform was later released as open-source software.
A cryptocurrency bubble is a phenomenon where the market increasingly considers the going price of cryptocurrency assets to be inflated against their hypothetical value. The history of cryptocurrency has been marked by several speculative bubbles on a boom to bust cycle.
Polkadot is a decentralized, nominated proof-of-stake blockchain with smart contract functionality. The cryptocurrency native to the blockchain is the DOT.
Video games can include elements that use blockchain technologies, including cryptocurrencies and non-fungible tokens (NFTs), often as a form of monetization. These elements typically allow players to trade in-game items for cryptocurrency, or represent in-game items with NFTs. A subset of these games are also known as play-to-earn games because they include systems that allow players to earn cryptocurrency through gameplay. Blockchain games have existed since 2017, gaining wider attention from the video game industry in 2021. Several AAA publishers have expressed intent to include this technology in the future. Players, developers, and game companies have criticized the use of blockchain technology in video games for being exploitative, environmentally unsustainable, and unnecessary.
Charles Hoskinson is an American entrepreneur who is a co-founder of the blockchain engineering company Input Output Global, Inc., and the Cardano blockchain platform, and was a co-founder of the Ethereum blockchain platform.
Amanda Claire Cassatt is an American entrepreneur, marketing executive and author. She was also the chief marketing officer at ConsenSys from 2016 until July 2019. Cassatt is the founder and CEO of Serotonin, a Web3 services company.
Solana is a blockchain platform which uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL.
Web3 is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. This is distinct from Tim Berners-Lee's concept of the Semantic Web. Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as "Big Tech". The term "web3" was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms. The concepts of web3 were first represented in 2013.
Line Goes Up – The Problem With NFTs is a 2022 documentary film written and directed by Canadian YouTuber and video essayist Dan Olson on non-fungible tokens (NFTs), cryptocurrencies, and Web3. The video was published to his YouTube channel Folding Ideas on January 21, 2022.
David Gerard is an Australian IT systems administrator, finance author and Wikipedia administrator, best known as a cryptocurrency sceptic and commentator on cryptocurrencies, non-fungible tokens (NFTs), and related blockchain technologies. He is the author of the cryptocurrency books Attack of the 50-foot Blockchain (2017), and Libra Shrugged (2020).
one of Web3's smartest and best-informed critics* Bernard 2022: "she’s become known as the unofficial Web3 ombudsperson" * Pahwa 2022: "One of the most prominent skeptics these days is Molly White"
Perhaps the most disingenuous and pernicious aspect of Web3 is the lie that it is truly about decentralisation. Its biggest backers are Andreessen Horowitz—or a16z—a venture capital firm with billionaire co-founders and assets under management of more than $28bn ... this firm also happens to be a major Web2 investor: it has, for instance, a stake in Meta, formerly known as Facebook, on whose board a16z co-founder Marc Andreessen still sits.