excellent insight from Eugene Wei on Bankless podcast on the corrosive effects of the ad-based business model
Two myths currently limit our collective imagination: the myth that advertising is the only possible business model for online companies, and the myth that it’s too late to change the way platforms operate. On both points, we need to be a little more creative.
Sometimes we don’t quite process that billions of people on the planet get unlimited entertainment, voice and video calling, maps, restaurant reviews, weather, news, an encyclopedia, mail, messaging, and more for *free* just because 1-2% of us click an ad every now and then.
The real villain here is Google.
Google found one of the very best business models of all time, skimming all the surplus profit off of the entire free open internet.
This is the natural end state of that process.
i don't want a new cryptocurrency i want a new type of business legal structure that incentivizes you to actually do good in the world while making money