#290 What Went Wrong?

Web3 is read, write, and own. And own means you can own value; you can own money; you can own digital assets; you can have ownership claims on things.

My best guess would be that Bitcoin is sort of digital gold. My best guess, though, also, would be that it's new systems being developed today or over the next 10 years that will basically take all the other use cases.

The picture always gets painted of The Valley as a bunch of radical Libertarians or something, and in reality, it's just, like, 99%, basically, Clinton democrats and now, you know, kind of whatever we're on Democrats—Bernie Democrats.

The other possibility is things are just too early. What happens with a lot of new technologies is they just take time ... There were people doing mechanical television 30 years before Philo Farnsworth did electronic television.

Any new technology that works is a reordering of status and power.