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The Reality of Virtual Real Estate (w/ Jathan Sadowski)

GRIFTONOMICS

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The Internet of Landlords

The web three is exactly doing the same thing. Is just creating new mechanisms to extract rent, to be intermediaries. And they use that position to extract rent from otherwise socially productive activitieste in the world. Despite their rhetoric to be all about a hyper disintermediation and decentralization, like we know that that's not how these things are actually working at all.

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