The Permissionless Internet

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The internet of your childhood the internet that spawned all of this opportunity for you personally and thousands of others would not be possible if it weren't for open source tech. Now there is absolutely no way like you can build Let us see an alternative Instagram client or an alternative tiktok line. There's zillion words any point in time to fix Yeah, I want what ryan called "the permissionless web" DeFi: The best opportunities are when people don't have to worry about being kicked off youtube because they kick up a shitstorm on twitter. It's just endless canvas for imaginations especially young folk who start to paint upon their own minds.

Sriram Krishnan is a GP at a16z Crypto and a defector from Web2 to Web3. Formerly a Product Lead at Facebook, Twitter, and Snapchat, Sriram has seen basically everything there is to see in the world of Web2, and especially Web2 social. He also hosts a podcast with his wife covering tech and internet creators, so he knows a thing or two about the world of creators, internet social platforms, and crypto.

------ ✨ DEBRIEF | Unpacking the episode: https://www.bankless.com/debrief-sriram-krishnan ------ What’s broken about Twitter, Instagram, and Facebook? And how can it be fixed? Can it be fixed? Sriram has many profound ideas.

Growing up in a small town in India with little opportunity, Sriram used the internet to change the course of his life. Now he worries that these same opportunities won’t be available for the next generation. He believes Web3 is the only way to keep the internet full of opportunity for the next generations.

In today’s episode, we cover why Sriram defected from Web2 to Web3, why Twitter can topple world governments but can’t sell ads effectively, why every social media network has to start with status, how crypto and AI intersect, and much more.

------ Topics Covered

0:00 Intro 7:14 Eliezer Yudkowsky 8:19 Sriram’s Thoughts on A.I. 11:35 Sriram’s Background & North Star 16:10 The Early Internet Explained 19:54 The Permissionless of the Internet Today 22:18 What Are API Keys? 25:55 Towers vs. Townsquares 28:24 TikTok Hearings & Web2 Solutions 36:13 Twitter 43:25 New Age of Twitter 49:29 Web3 Social Tour 1:02:46 Overcoming Web2 Network Effects 1:20:20 How to Crypto-Pill Elon 1:22:38 Web2 Pausing Web3 Adoption 1:26:32 Future of Creators 1:30:25 Web3 & Creators 1:35:06 Crypto & AI 1:40:33 Sriram’s Closing Arguments 1:42:22 Closing & Disclaimers

------ Resources:

Sriram & His Wife’s Podcast https://www.youtube.com/@AarthiAndSriram/videos https://www.aarthiandsriram.com/

Sriram’s Twitter https://twitter.com/sriramk

Eugene Wei’s Status-as-a-Service https://www.eugenewei.com/blog/2019/2/19/status-as-a-service

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures