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— Turner Novak, Partner at Gelt

Whereas Bitcoin is digital gold and favors a rising price, this isn’t necessarily the case with Ethereum

Another idea: What if anybody could run an ad and receive payments once people clicked on/watched it?

- Finally, share as much as you can by writing online

I expect it to become routine--first among younger people in more technical fields--that recruitment will involve looking at someone’s blockchain-backed identity to see a richer picture of the person’s background. If a candidate with an unpromising resume can demonstrate an unusually large number of these Gold Star tokens--in which former bosses... See more

I view the internet today as millions of subcommunities. I think NFTs are a way for subcommunities to have cultural artifacts and create little economies within them. It is a big world, so some of the popular existing ones will go awry, but my bet is that there will be many positive communities.

When I used to get ready for school, I would spend money on clothing for the first day of school, so I could impress 400 people. And the kind-of TAM of people that I could impress, of 400 people, is an order of magnitude smaller than who I can impress on the internet.

To the extent that large language models (and I should note that while I’m focusing on image generation, there are a whole host of companies working on text output as well) are dependent not on carefully curated data, but rather on the Internet itself, is the extent to which AI will be democratized, for better or worse.