2min chapter

The Fifth Column cover image

#408 - It's For Nobody (w/ Ethan Strauss)

The Fifth Column

CHAPTER

The Conservative Backlash Over the New Normal

In either case there are people who are outraged about this the same people in many instances are also outraged about uh what is obviously a comedic patagonia ad featuring not patagonia north face ad featuring a dude in drag. One of the posts that i saw about this which at the last time i checked i'd like 10,000 no no i'm checking him 13.7,000 likes um 5,500 retweets and it reads towards the end this is the new normal every company will push this and will accept the conservative backlash until we do something but light was only the beginning of how bad it's going to get now i don't know if they're selling a lot of them

00:00
Speaker 1
So there's one oe
Speaker 2
of the common common criticisms of that is, lik wa, you're making collectives on line where everyone gets a vote on every decision. That's that's never going to happen. That's not literally what you're talking about, right? No, because
Speaker 1
because of the, because of the token incentive, is why it makes it particularly unique. So, ah, you know, people, people, by way of web three and by way of dos, are now both socially incentivized, right to have what they participate and succeed, as well as financially incentivis to have what they participate and succeed. And where it becomes a little bit more full proof is that everything right on chain, on the block chain, is public, right? So, you know, i have, let's say, in etherium address a you can see dows that i'm a member of, where i vote the the nfts that i purchase, tokens that i hold, and there's movements for reputation to start to accrue there, right? So as things become a bit more public, and, you know, individual acruel starts to happen, where you're effectively valued for what you do and how you contribute, there's a much larger incentive for you to spend time and focus on you know, things that you're committing to. So where this is different then a collective is that people both socially incentivized, i e, you know, you want to, you know, be a good faith actor and contribute well, because that is effectively going to, you know, be the determinate of what you can do next, or who else wants to collaborate or participate with you. As well as the economic side. You are financially insentivized for this thing to succeed. And, you know, regulation and other things are still being discussed. So, you know, it's still early days there, but the incentive structure for it is waied different then, you know, traditional, i'd say, collector does
Speaker 2
er collector siwas some of the early days issues.

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