Bankless 194 - How Crypto Saves The Internet | Li Jin & Eugene Wei
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Oct 30, 2023 
Li Jin, co-founder of Variant Fund and a key thinker on crypto, joins Eugene Wei, a visionary in Web2 product development. They delve into the future of social interactions, highlighting the potential of crypto to redefine online engagement. The discussion navigates from the constraints of algorithms in Web2 to the liberating opportunities in Web3, emphasizing psychological ownership and the balance between community and fame in the digital landscape. Their insights reveal how decentralized technologies could reshape social capital and enhance emotional connections.
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Early Internet Hackathon
- Web2's social nature is illustrated by an early internet hackathon story.
- Email, a seemingly trivial application, unexpectedly became the most popular project.
MySpace's Social Graph
- MySpace's significance lies in introducing the concept of a social graph.
- This allowed mapping user relationships online, setting the stage for Facebook.
Facebook's Newsfeed
- Facebook's biggest innovation was the newsfeed, which aggregated updates in one space.
- Though initially controversial, it became essential, especially with the rise of smartphones.
