Ownership Economy

Web3 aims to expand ownership re: A) economic upside &B) governance. IMO: A is underrated—Giving upside to >1000x more stakeholders can disrupt the network effects of aggregators B is overrated—There'll be some positives, but we'll experience the downsides of unclear leadership

As consumers have an opportunity to own a part of everything they enjoy - from a Substack subscription to their favorite beverage - the plumbing of marketing and sales is transformed by a new form of p2p spread. It’s also more authentic to help sell what you genuinely love.

In a world where the amount of things you can speculate on is ever increasing - it’s more efficient to find the next airdrop than contribute meaningfully to a single project. The result is a depleted treasury and lots of speculators, with no resulting impact on retention/growth.