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What's Wrong With Existing Blockchain Models? w/ Santiago Velez & Evan Cheng

Raoul Pal: Real Vision

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Ethereum's Most Popular Chain

The network effects in what's called web 2 that gave to the growth of social media, these power laws, they were very beneficial to help us connect with one another. Unfortunately, those same network effects created kind of a disproportionate bargaining power between the owner of the marketplace and the individual participants. So you saw web 3 as exists now. What problem exists with web 3? Because there's a lot of people working on solutions for this. And I'm not even talking about scalability performance here. I am talking about the data model as well as the programming model."

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