i wonder, what was that moment like where you just slap a banner ad on it. And how did the business model get anchored to ads? Causeof all the things that could have gone differently in the beginning, maybe the tech wasn't there. You just said th was no way to pay for things, but it seems like that could have been an early priority. Yes, so it's because we had no, we had no money, right? We had no native ability to do mecra transactions.
Sam Harris speaks with Marc Andreessen about the current state of Internet technology and culture. They discuss Marc's background in tech, the birth of the Internet, how advertising became the business model for digital media, the three stages of the Web, the blockchain, how successful technology reorders status and power in society, the Bitcoin white paper, the mystery surrounding the identity of Satoshi Nakamoto, the importance of distributed consensus, Bitcoin as digital gold, how society has performed during Covid, James Burnham and managerial capitalism, the principal-agent problem, negative externalities, risk and regulation, trust in institutions, WTF happened in 1971, regulatory capture, banning Trump and Alex Jones from social media, perverse incentives in philanthropy, and other topics.
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