5min chapter

Invest Like the Best with Patrick O'Shaughnessy cover image

Eugene Wei – Tech, Media, and Culture - [Invest Like the Best, EP.118]

Invest Like the Best with Patrick O'Shaughnessy

CHAPTER

The Parallels to Starting a New Social Network

The goal becomes the accumulation of like social currency through li ratings of each other and feedback mechanisms. I'm not a big crypto zealot or expert by any means, but i actually think this is where crypto makes for a beautiful metaphor. So let's take instagram, for example, let's call it instagram coin. When instogram was created and they created this network, what was their proof of work hurdle? It was this, you have to take a beautiful, interesting, square photo. And how do you redeem that coin? It comes in the form of likes. You know, herehere, people like you and me are like working hard grind followers these days, grinding, writing

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