Thread by @KyleSamani

0/ One simple mental model for the Internet is that the the Internet made information flow bidirectional

Whereas previously it was uni-directional

1/ Pre-internet, the mechanisms for one-to-many communication were

Stand in a public square, hooked up to a microphone, and get everyone to show up

Record a CD

National TV

Be in a movie

Write a book / magazine article

Newspaper editorial / ads

etc

2/ One of the amazing things about the Internet is that information flows in both directions

The first examples of this were email and lightweight HTML pages

But this didn't really pick up until the iPhone, because the thing that people really wanted to share was pictures

3/ Once we gained the ability for bi-directional information flow, that completely reshaped the nature of attention, content production, advertising, creator monetization, and more all over the internet

4/ It's 2021. Go to a website

Value transfer is almost exclusively one direction

Paying merchants with a credit card is not amazing, but it's not horrible (especially with Apple pay layered on top)

But try going to a website, and receiving financial value

Almost impossible

5/ I think this is one of the largest design spaces that is totally un-explored, and that crypto uniquely enables

Making value flow bi-directional across the internet

6/ As an increasing number of people have wallets on a scalable chain like Solana that can support 100M+ DAUs, we are going to see entirely new classes of apps that allow users to receive value 30 seconds after arrival

7/ You can see the beginning of this trend just now starting with P2E and Axie:

go to website, click some buttons, get paid

There is about to be a tidal wave of these applications

8/ But P2E will not be the only type of application that capitalizes on bi-directional value flow across the internet. It is the first of many

We are looking to make more bets here.

DMs open!

{fin}