91 - Building Regen Web3 with David Phelps
GreenPill
00:00
The Future of Cryptocurrency
I think in 2017, there was this feeling that if you take a human and you put a token in them, you will get out in action. And I like, you know, starting from the other end. Like web three is not replacing social incentives with financial incentives. That's what we've seen to date and it hasn't worked. It just reminds me of this idea: If you reward someone with extrinsic motivation for doing action X and then you withdraw the Extrinsic motivation, they will stop doing that action. But if you start where someone is already intrinsically doing it, not only do you have the intrinsic plus the extrinsic motivations, but you know, it
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