This Week in Startups Web3 wars & Rivian Q3 earnings with our new co-host Molly Wood! | E1349
Dec 22, 2021
Join the lively discussion as the hosts dive into the intense Web3 wars igniting on social media, highlighting ownership and decentralization debates. They also unpack Rivian's recent earnings report, dissecting its stock struggles and competition with Tesla. The conversation unveils the evolving landscape of electric vehicles and the implications of social media on climate narratives. With their fresh perspectives, the new co-host brings a vibrant energy to the table, shaping the future of the podcast.
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Web3 Twitter War
- Jack Dorsey, Elon Musk, Balaji Srinivasan, and Chris Dixon engaged in a heated Web3 debate on Twitter.
- Dorsey argued that Web3 is controlled by VCs, while others defended its potential for decentralization.
Dorsey's Decentralized Vision
- Jack Dorsey's vision for Web3 is a truly decentralized internet, unlike the current internet controlled by monopolies.
- He previously initiated a project within Twitter to create a decentralized version with customizable algorithms.
Crypto Market Manipulation Concerns
- Some raise concerns about potential market manipulation in the crypto space due to the lack of clear regulations.
- They suggest that firms like Andreessen Horowitz might be leveraging their position to profit from non-accredited investors.