Good overview. I'm familiar with some of your resources, so thanks for that list. Somewhere, there's a powerpoint stack that compares the liabilities/expenses of owning a cab company to the glory that is the outsourced Uber model, "proving" that Uber must destroy its competition and end up owning the market. Web 3.0 must have equivalent decks proving their financialization scheme is inevitable and unstoppable, and the first mover advantage will be a bottomless gold mine if you act Now. VCs are gullible but not stupid, there must be highly polished justifications for these doomed investments. Those presentations, plus the VC culture of shut up and take my money (after you get past the gatekeepers) are driving the Tech Bus. God knows how long this can last.
Thank you! I had a hazy, half-understood notion that this was how all it all worked. Now I see it much more clearly.
I’m going to send this essay to a couple friends. And you know what? If they send it to a couple friends… 🤔 💰
Good overview. I'm familiar with some of your resources, so thanks for that list. Somewhere, there's a powerpoint stack that compares the liabilities/expenses of owning a cab company to the glory that is the outsourced Uber model, "proving" that Uber must destroy its competition and end up owning the market. Web 3.0 must have equivalent decks proving their financialization scheme is inevitable and unstoppable, and the first mover advantage will be a bottomless gold mine if you act Now. VCs are gullible but not stupid, there must be highly polished justifications for these doomed investments. Those presentations, plus the VC culture of shut up and take my money (after you get past the gatekeepers) are driving the Tech Bus. God knows how long this can last.