Ladder: Facebook is a business built on the back of attention and status. He says it's crazy to be dismissing its value, when people can make money from looking at things that aren't real. The social network harnesses an enormous amount of human attention for financial gain - he argues. Ladder: Why do you post pictures through your nosy hell? Cause you're vain as hell. And web threes us pasy market chase in the same way.
Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.
Watch + Subscribe on YouTube:
https://youtu.be/Fcdn7rpikp4
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@bzaidi
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Timestamps:
- 0:00:00 – Intro
- 0:01:58 – Trung’s Headset
- 0:05:40 – Ozy Media Fiasco
- 0:22:44 – Chris Dixon Web 3 Thread
- 0:31:58 – Pyramid Meme vs Pyramid Scheme
- 0:40:42 – Crypto vs Traditional Investing vs Memes
- 0:48:11 – Work Below or Above The API + Monetizing Attention
- 0:55:40 – NFTs + Chinese Money Laundering
- 1:02:42 – Unrealized Capital Gains + Tax Code
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