Bitcoin/Tech Enthusiast (4:44)
Well, first, like with any of these technologies like Web3AI, Bitcoin, like all, all these things that we're talking about, Web2, like whatever it was in the past, there's always going to be this like, massive hype cycle and it's going to be easy to get into that sec. Into that hype without really understanding the fundamentals. So again, this goes back to like touching ground and experiencing yourself. Does this actually bring value to you or someone trying to sell you something that's just repackaged with the same thing. And I saw a lot of web3 ultimately as a repackaging of the same thing. And what I mean by that is like I saw a lot of VCs who were using it as a way to rebrand something that already existed or was still somewhat centralized and wasn't really solving the problem. And it was just, it was just frustrating to see. But I realize that's with every techn technology. Every new technology that really comes up always has a hype cycle. So it's really up to you all and to us to understand again, does this actually give me time back? Does this actually add value to what I'm doing? Does it add value to my customers or not? And if it doesn't, it's okay to ignore it because it'll go away or it'll settle into something that does. I would say that the early Internet, for those of you who are on it, it was amazing. It was like this wild wild west of frontier of everything was new and everything was decentralized. There was Usenet, there was irc, there was Gopher, there was a web. There were no centralizing forces. And then all of that disappeared in five years because of a few companies building something that was convenient to people, which was like, how do I find things on the Internet? And you had altavista and you had Deja News and you had Google and you had Facebook and you had Twitter. These centralized the discovery mechanism of the Internet. So you went to one place to find all this incredible content. But the problem was the content lived on those services as well. You had the discovery and the creation and also the API all owned by one company. That to me is wrong. It's wrong for the company because it puts a ton of pressure on them and it's wrong for the customer because the company actually owns your data and they own your identity. And you've all experienced this. If you're trying to move your data to another thing or you have to re sign up or whatnot, that's not how things should exist. So now we have find, we finally have technology to enable data portability and moving your identity around with it without a company owning it. But it's not accessible right now. It's not well designed, but it's just work. And it's a, it's an opportunity for some businesses as well. For those of you who are still looking for some opportunities, it's a way to, you know, it's something that, that needs to be figured out more. So I'D say we're still pretty early with it, but at the same time there's never been more energy around it. And the thing that worries me the most is the most centralized of these services that we become more dependent upon is AI. We have five or six companies that are building very centralized services that are you go to, you sign up to, you pay for. And the CEOs of these companies can change the intelligences, they can change the algorithms, they can literally decide based on a question you have how it's going to answer. And you've seen this play out obviously in the press. Thankfully we have open source models and thankfully we have people who are pushing that more and more. And like we have again a third horse in the race which is completely open and owned by the people. But we need to desire it, we need to want it and we need to ultimately use it to not become dependent upon five companies or just one company for this really important technology which is effectively intelligence. We've seen it with social media, we've seen it with intelligence, we've seen it with a number of other things on the Internet discovery. Now we need to make sure that all these things can be open source and they can be decentralized and really usable by any business.
