Web3

“While tech is obsessed with Web three and metaverse, There's going to be an awful lot of billion dollar companies that do something that sounds really boring until you describe what it is and you think, oh yeah, I can see how that would be useful.”

“And so there's a whole bunch of reasons why you tend to get simplifying layers and abstracting layers and aggregating layers. You know, most people don't open a command line on their PC. They don't want to. They just want to click on the icon that says interne…”

“And they're both kind of competing and in some ways parallel visions for the future of large parts of the tech industry in the next 1015, 20 years.”

“Web three is an attempt to Shift the discussion from saying this is digital gold and that's all it is, and it's a cryptocurrency. It's to get away from talking about currency and to say, no, it's a platform, which I think I'm, if I haven't said explicitly, lik…”

“It would allow you to build, not just to build a product in a different way, but build a different kind of product, which are two different important points”

“And so this idea, which is also a web three idea, which is that you could sort of have a decentralized social network and have lots of different clients all plugging onto the same database is kind of an illusion because what's going into the database is what t…”

“And so I think that, you know, there's sort of a grounding point, you know, if in five to 10 years, we are all using consumer services or business services or, you know, infrastructure or something that's all running on blockchains, which is basically what we …”

“You can take some on lower level components back and forth, or high level components, but you're never going to have all of them completely interoperable, because then they wouldn't, well, then they wouldn't be different things.”

“It used to be that you basically, the thing was to understand what was happening in web two, and then the thing is to understand what was happening in smartphones. And now there's a fintech thing. So how do we think about the intersection of Square, which is n…”

“That's not how technology gets built. And it is sort of, and there's two problems with this. The first of them is like, you're not engaging with the complexity of why there are gatekeepers and, you know, why this stuff works like this. And all the reasons why …”

“It's this top-down, centralized, inorganic, deterministic, predetermined, sort of ideal, republic, utopian vision of this is how the internet will work. And it's got all these kind of other ideas attached to it, like I was describing this as like Katamari Dama…”