Some quotes from @Blockworks_ amazing crypto/web3 conference @Permissionless 🧵
Massive cudos to @JasonYanowitz & @MikeIppolito_
The future will entail a novel base-layer of the internet, that’ll be open-source, permissionless, & decentralized in how we coordinate society
”One of the great thing with blockchain is that people can bypass web2 platforms”
”Blockspace is ownership bandwith. Not being long is crazy” đź§
”Web1 and 2 were very similar to 1970s TV networks, web3 is way different, fragmenting ownership”
- @cdixon
”Computer waves goes every 20 years, new CPUs, new applications”
”The first iPhone was good, but the revolution was the applications layer”
”I believe we’re in a golden period…infrastructure is there, the talent is coming….this makes me fired up in the morning”
- @cdixon
”What NFTs do for music, is they allow artists to create a whole new container of novel experiences - directly to the audience”
”A decade social media was a joke, a fraud, like the internet. Just like with blockchain now. Same pattern over and over again” ⤴️
- @cdixon
”We are still in extremely early days” 📶
”We need stability components, mixed with novel solutions, with interoperability between them”
”Governance needs to evolve for this to break through in society”
”Capital and talent goes to where friction is the lowest”
”Media news networks had all the distribution and regilation, then the internet came and lowered frictions. A very similar phenomenon will happen with banks”
”Banks that survive, will have to tokenize themselves”
”People won’t self-custody, wealth will sit on top of protocols”
”Code, blockchains and applications, instead of state, fiat and banks” đź§
”Things take time, and there are massive challenges, it is soo difficult to be an entrepreneur in crypto protocols”
”Data is so transparent, with massive benefits - a whole new way of doing due diligence”
”The industry has not been disciplined and smart enough, but things take time”
”Finding equilibrium is very difficult, battletesting protocols is almost impossible to do without large risks”
”The onboarding of young generations in the past few years is vast” ⤴️
”Internet was able to move information between borders without intermediaries, now its the first time that value can move freely without gatekeepers”
”What to do in a bear market? Good exercise is to go back in history and use bear market to build reputation and sharpen skills”
”Historically, we will look back this as a digital renaissance”
@JoshuaRosenthal put the crowd on an extremely innovative time machine, connecting history with the future đź§
Check out his madman genius analysis👇
”Interoperability unlocks a couple of things. It unlocks the ability to specialize…and solve one thing…the other thing is user experience”
”We’re starting to see teams building new native multi-chains..”
Derek Yoo of #Moonbeam Network, building in the #Polkadot ecosystem
Additional video on interoperability, with Derek Yoo on the wheel
@MoonbeamNetwork
Learnings on music in web3 🎧
Music will reshuffle with composability of content
Equity empowerment for creators to improve substantially
Decentralized & collaborative creative work is dawning
People will be able to back artists early, like VCs
@Cooopahtroopa @ForTheBux
NFTs:
”People can participate in content generation in 1000s of new ways, like bootstrapping tattoo-artists, i.e. NFTs powering all types of businesses”
”Collateralization of NFTs will be massive & disruptive”
”Price-oracles are the primitives of the financialization of NFTs”
My quest to distill disruptive ideas has only started, and if you’re a curious mind, lets interact! 🤓
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