Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs - Deepstash

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Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs

Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs

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Chris Dixon

What the smartest people do on the weekend is what everyone else will be doing during the week in 10 years

Ideas start as fringe ‘culty’ clubs. Why was personal computing being talked about in Steve Jobs’ garage and not at IBM?

  • A lot of ideas stay as hobbies and don’t catch the exponential mainstream
  • Businesses of scale plan on the execution of incremental improvements, not disrupti...

Web1

  • Dominated by protocols (http), built on top of the web, you controlled your platforms
  • Read-only

Web2

  • You created conte...

Chris Dixon

Web3 has gotten twisted to be a political argument over centralized vs decentralized but the main utilitarian goal is to make the internet a better place for users and creators

Benefits

  • Your data will be secured with private keys, where we can give selective access to our data to whom we choose
  • Contributors own the platform rather than corporations
  • Defeats the corporate selfish use of leverage on copyright and intellectual pro...

Anything that is in fashion can hold value through a community context. People are attaching their identity to their NFTs, large sentimental value.

Web2 companies convinced you to give away your creations in exchange for little hearts,

NFTs allow you to tokenize your value as a creato...

NFTs are creating a vibrant digital economy within the gaming community.

Games like League of Legends have monetized off of aesthetic add-ons, nothing that increased performance, a status flex. These virtual good purchases were being bought from the company, not individuals.

Axie Infi...

Steve Jobs coined this concept that applies aesthetic designs to innovations to make them feel more familiar. For example, the first automobile mimicked the horse and buggy.

But the native internet has taken over, people who use technology are comfortable embracing new ideas There is no poi...

Regulators regulate through policy or enforcement. We’ve only seen enforcement on Web3 so far because no one knows what to do. Policy needs clarity and goals need to be aligned.

There needs to be a balance from the SEC to crack down on obvious scams but also let true innovations naturally g...

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One you understand how NFTs can be leveraged it'll blow you away. Read more to learn how NFTs would revolutionize entertainment industry

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