On The Other Side cover image

50. Principles for a more fair internet w/ Li Jin

On The Other Side

00:00

What's the Difference Between Web3 and Crowdfunding?

I think a very valid criticism of web3 is that it's incredibly financialized. It does kind of make me wonder if web3 is accidentally creating the same incentive mechanisms around maximizing shareholder value, which don't take into account all of these pieces. So far, like most of the projects that have been funded on mirror are not explicitly profit maximizing. And in fact, I think most of them do not even make any mention or promise of flowing profits back to people who funded those projects.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app