Speaker unverified: belief

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…Yeah, it leads me to another thing that I've been thinking a lot with Ethereum and crypto broadly, I set out this tweet the other way that was in this vain of jobs to be done that you were sort of talking about, Packy, which is what are examples of blockchain based applications that a, created a lot of value besides profit from speculations, b, would have a worst user experience if built on centralized technologies, and c, has a primary function that is not finance or currency. I got a lot of really good push back from a number of people including friend of the show Chad Whitman that were basically like why would you put c in there? Why does it have to have finance or currency not be a core part of it? Because what Web 3.0 is is bringing finance and currency in an integrated way to network software. It's like in the way that Web 2.0 is about bringing dynamically loaded data into your web pages. It's like asking what's a good example of a Web 2.0 app that doesn't use Ajax? The jobs to be done of all things on Web 3.0 on the crypto internet do involve a transfer of value between people. I think I'm coming around to the idea that I'm not going to see the next Spotify that is just straight up better than Spotify, but decentralized and because it's decentralized, it's like no we're going to see a version of Spotify that lets me transact directly with the artist. Transacting directly or something involving decentralized finance is actually the point of Web 3.0. I think DAOs are fascinating here as well. The big innovations and where most of the people are doing their work, it's not on the technology side but is on the incentive design, tokenomics, all of the things to help coordinate groups of people on the internet in ways that might otherwise either not be possible or build with so much friction. That comes back to the financial aspect, whether or not it's financial, the tokenization aspect where you at least have the status of owning a bunch of tokens or other things. I think the idea of making incentive design into the core of the product and letting the community design incentives for themselves is mind bendingly fascinating. I’ve gotten Ben interested in BitClout. That's such a good example of this. What is BitClout? It's Twitter with money. Twitter with money is super freaking different from Twitter.…

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