Based on the above, the answer(s) to the second question is that the gatekeepers of web3 will be organizations that know how to allocate capital in a world of endless investment opportunities (A16Z is already working on that). They will also be organizations that can aggregate demand for various shared resources — just like Airbnb, but for many mor... See more

By shape shifting between utopian global computer and Ponzi dispenser, crypto both indoctrinated New Internet practitioners and implicated them amongst a crowd of day traders that they otherwise would have been repulsed by. In crypto's effect on the New Internet, we see the subtle ways that access to capital can simultaneously accelerate and mutate... See more