“But really, like, Sean, you're touching on our strategy, which is, we actually don't want to build any products at all. I didn't even want to launch BitClout, ideally.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Nader Al-Naji
AssertionPartly supported
Al-Naji: DeSo raised 5,000 BTC via 44,000 automated transactions before incorporating
“You know, that 5000 Bitcoin I mentioned all that money actually came in before there was any corporate entity set up to do anything. And so essentially the way it worked was the blockchain was running, and if you sent Bitcoin to this treasury wallet the blockc…”
Nader Al-NajiNov 3, 2021▶ 18:53The Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PredictionNot checkable as stated
Al-Naji: The next crypto wave will be creator coins after NFTs
“This wave was about NFTs. I think the next wave is going to be about creator coins, also known as social tokens.”
Nader Al-NajiNov 3, 2021▶ 34:39The Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
Insight
Al-Naji: Open content gives decentralized social platforms an asymmetric advantage over incumbents
“I won't say the word it's inevitable, but I think it's actually very asymmetric, like in favor of decentralized platforms actually winning. The main reason being that I think when all the content is open and anyone can build on it, I think that the speed of it…”
Nader Al-NajiNov 3, 2021▶ 1:02:10The Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
Opinion
Al-Naji: DeSo is the only blockchain solving post storage and indexing
“The biggest one is like the storage and the indexing of posts, which is a very hard problem for blockchains to solve. And I don't think anyone Other than Deeso really has had a good solution to that.”
Nader Al-NajiNov 3, 2021▶ 2:58The Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PredictionNot checkable as stated
Al-Naji: Open social protocols will shift value accrual to creators
“I think we might see you know, basically a splitting of the market by a bunch of different apps that kind of charge small fees to allow the creators to do what they do, but that's competitive as opposed to monopolistic and will hopefully result in a lot more o…”
Nader Al-NajiNov 3, 2021▶ 14:20The Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
AssertionPartly supported
Al-Naji: Top VCs bought ~$30M of DeSo, none owning >5%
“I think about thirty million dollars worth was that which is, I think, not, not a huge percent, and no one has, no one owns more than five percent of the supply from that.”
Nader Al-NajiNov 3, 2021▶ 23:43The Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
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