PART 1: THE INTERNET IS HAVING A KODAK MOMENT

During the first era of the internet — from the 1980s through the early 2000s — internet services were built on open protocols that were controlled by the internet community.


During the second era of the internet, from the mid 2000s to the present, for-profit tech companies — most notably Google, Apple, Facebook, and Amazon (GAFA)

... See more

The Internet RevolutionI already explained what happened to newspapers when distribution erased local newspapers moats in the blink of an eye; as I suggested at the beginning, though, this was not an isolated incident but a sign of what was to come. Back in July I laid out how the acquisition of Dollar Shaving Club suggested the same process was ha... See more

The rise of Web 2.0 was heralded as an advancement by not just allowing people to read and write content and do transactions but to connect with each other in new ways. That gave rise, eventually, to Facebook and other social networks, along with a raft of “sharing economy” companies that peddled a fantasy of building community at the heart of busi... See more

Web2 was a rebuilding period. Entrepreneurs started to realize you could do more things instead of being just read-only. 

Web1: the web was read-only. Web2: the web was read and write. 

Web3 is an opportunity to own a piece of the internet. 

Governance in the metaverse: who should control it? Having one company control it is not the

... See more

Ok, so how is this remotely the same as PCs being cheaper? Well because to some people this matters a great deal. Why? Because much of the power held by large companies (and by governments) comes from the fact that they operate and control databases. Facebook alone gets to decide who can read and write from their database and what parts of it anyon... See more