4min chapter

Bankless cover image

90 - 5 Mental Models for Web3 | Chris Dixon

Bankless

CHAPTER

The Lack of Immutability of the Web Two Modelnd

In web two, you nding on account of the good intentionsff, the founders, part of it's architecture. But for almost everybody else, you ultimately report to shareholders,. And that, i believe, is fundamentally inconsistent with maximizing the health of the networks built on top. I think using tokens and all these other kinds of new primitives that we have with web three, we can now fix that. We can build networks where there isn't a corporation that needs to increase the take rate and shut down access. Where the network can flourish, where the users and on the network could participate in the value creation and governance of those networks.

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