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Peter Yang Profile picture
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18 Sep, 7 tweets, 4 min read
My 5 fav links from learning about crypto this week:

1. Best video explaining blockchain
2. Ethereum, ether, gas
3. Proof of work vs. stake
4. Follow the rainbow
5. A community friendly to beginners

Read on...
1/ What is blockchain?

I watched 20+ videos and this is the single best one (from @anders94).
2/ How does ethereum, ether, and gas work?

@ethereum.org's developer docs explains all this clearly:
ethereum.org/en/developers/…
3/ Proof of work vs. proof of stake

Explore these docs...
ethereum.org/en/developers/…

...or start with this short video:
4/ Follow the rainbow

.@rainbowdotme is the best wallet and I enjoy reading @jacksondame's educational posts about crypto:
rainbow.me/learn
5/ A community friendly to beginners

After joining a dozen Discord servers, I've found the @forefront_ community the most helpful.

@Joey_DeBruin I am looking to contribute at some point soon!
forefront.community
6/ Will be writing my own guides in the next few weeks, subscribe to read them:
creatoreconomy.so

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More from @petergyang

Peter Yang Profile picture
16 Sep
Stripe is THE platform behind the platforms in the creator economy.

I asked Ellen and Connor from @stripe about:

1. How Stripe powers creator platforms

2. What Stripe vision is for the creator economy (and does it include web 3?)

Here's a breakdown...
creatoreconomy.so/p/stripe-in-th…
1/ Twitter is dominated by hype cycles and FOMO.

Stripe is not.

Instead, the company is building "boring" infra to help creators get paid by fans in 100+ countries.

Boring but game changing.
2/ Payments is really hard.

The table below highlights all the challenges.

No business or creator wants to deal with all this stuff just to move money from point A to B.

Stripe doesn't mind "being the plumbing." Image
Read 9 tweets
Peter Yang Profile picture
13 Sep
I think the way to address the "top 1% of creators make all the money" problem is to:

1. Shift the focus from creator to community
2. Let fans share in the upside
3. Help fans become creators

Consider this scenario...
1. A creator sets up a community for their fans.

2. Fans earn community tokens and NFTs if they're early supporters or put in the work to grow the community.
3. These tokens and NFTs grow in value with the community. Creators AND fans share in this upside.

4. Fans are empowered to co-create content in the community.

5. Some fans create their own communities and the whole loop starts again.
Read 5 tweets
Peter Yang Profile picture
11 Sep
Here are my 5 favorite articles and videos from learning about crypto this week.

Check it out (especially if you're a beginner like me):
1/ A three minute clip on why web 3 matters from @bhorowitz.

"Crypto has one feature that has never existed before - trust."
2/ Crypto fundamentals deck introducing core concepts from @patrickxrivera that I still reference often.
docs.google.com/presentation/d…
Read 6 tweets
Peter Yang Profile picture
3 Sep
You're a PM at FAANG. Life is good in the mothership.

You moved that metric 2% last quarter and got Exceeds.

Hell yeah!

But something is missing...
Why are all these people buying jpegs online and talking about loot?

Wtf is a DAO?

You go back to your Google doc about why stories / short video / social commerce is the future.

Don't waste time on toys, you tell yourself, focus on the VISION.
Ok you couldn't help it, you followed some animal avatars on Twitter.

They're talking about "decentralization."

You look at your RSUs which have appreciated 10x because you work at a monopoly.

"Decentralization doesn't pay the bills!" you laugh as you sip your $7 boba drink.
Read 8 tweets
Peter Yang Profile picture
5 Aug
Roblox is a company that sits at the intersection of gaming and the creator economy.

It has also been building the metaverse for 17 years.

Naturally, I have to do a deep dive.

New post and thread below:
creatoreconomy.so/p/roblox-gamin…
1/ Games are expensive to make. The Last of Us Part II took 2,000+ devs 6 years and $100M to ship.

But what if the players themselves could craft the game?
2/ Most of Roblox's content comes from its 8M creators, so I see Roblox as a 17-year old creator company:

1. Creators craft avatar items and games
2. Players enjoy a creator's content and pay
3. Creators get a share of earnings

Roblox saw rapid growth during the pandemic:
Read 13 tweets
Peter Yang Profile picture
14 Jul
"Social media" actually refers to two different types of apps:

Social:
I want to connect with others

Media:
I want to be entertained

I spoke to @prestonattebery about what the difference is and how to succeed in each category:
1/ Preston has researched the founding story of every major social app to better understand what works.

His key insight is that these apps either solve for entertainment or connection:
creatoreconomy.so/p/two-types-of…
2/ Media apps are about entertainment.

There's usually one dominant media app per format:

Twitter for text
Instagram for photo
TikTok for short video

Media apps compete for creators to make the most immersive content for their format.
Read 10 tweets

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