MZ: I think at the end of the day, there’s going to be commerce, and I think commerce and ads are kind of closely related, because if there’s not any commerce, then there’s not much for people to advertise for. I think the first job that we need — well, I guess the first job is getting the foundational technology to work. Then after that, our next ... See more
Looking back, I've found that the things that really move people show up as Twitter Trends first. This is the place where I learn about the latest natural disaster, an active shooting or more often than not, the birthday of a K-Pop idol.
So maybe we shouldn’t lament the end of peak centralization, particularly in media. The idea of there being one telephone company, two superpowers, three television stations, and four internet companies - it’s too homogenous. The fragmentation will lead to new cultures, ways of thinking, new ideas, and ultimately more cultural innovation.
I don’t think there is a durable industry based on the idea that central banks are going to hyperinflate existing currency, and I do not think a durable industry will be built around the idea that rules requiring transparency of wealth can be circumvented.