AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
#181 – Sergey Nazarov: Chainlink, Smart Contracts, and Oracle Networks
Lex Fridman Podcast
What's the Difference Between Banks and Social Media Sites?
I think what this will lead to fundamentally is more of a free market dynamic among how people make, I think with the social media folks, you should just make some kind of law or something where you can just export all your data from them. Everyone should be able to get their data exported by another application. And then the network effect of all these social media sites will kind of crumble because people will just combine your Twitter data with your Facebook data with everything else into an application that you control. There will just be thousands of different interfaces competing for how to consume all the social media data as it is locked in one centralized actors control. That's really the difference. It gives them features without ownership
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode