sari

The reality is that college is a crazy zero sum tournament in which what really matters is getting into the best schools, such that to many people a diploma from a third tier university is actually a negative signal.

The important distinction to note is that user-owned platforms create a construct whereby users are owners and as a result generate wealth through both income and capital appreciation.

"All parts of our economy were previously based on scarcity. In almost every case, that scarcity has disappeared. The way you win on the internet is to be the starting place where people go - Google, Facebook, these aggregators - or you're highly differentiated and you leverage the fact that you have zero distribution to reach anyone."

Blake: On social tokens, I don't have a concrete way of how it will happen, but I think at some point, people will hold these tokens whether earned or bought, and it’ll unlock access to communities or access to creators, or both.