The Startup Ideas Podcast Elon's Twitter Takeover and The Future of Social Media with Sriram Krishnan
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May 3, 2022 Sriram Krishnan, a General Partner at Andreessen Horowitz and host of "The Good Time Show," shares insights on the future of Twitter post-Elon Musk's takeover. He discusses the shifting landscape of social media towards decentralization and the importance of user empowerment. Sriram also dives into the implications of the recent Aku World hack, the challenges facing tech companies in fluctuating markets, and the role of governance tokens in enhancing user influence. His perspectives on navigating the crypto and web3 space are both informative and thought-provoking.
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Aku World Incident
- Micah Johnson, Sahil Bloom's friend, created Aku World, an NFT project based on his nephew's dream of being an astronaut.
- A coding error in a recent drop's smart contract locked $33 million, but the team refunded buyers.
Learning from Web3 Mistakes
- Web3 incidents, while costly, expose vulnerabilities for future improvement, like Micah Johnson's coding mishap.
- This transparency fosters market-driven improvements in security and development practices.
The "I Love You" Bug
- Sriram Krishnan recounts the "I love you" bug, a malware spread through emails with the subject line "I love you".
- This incident highlighted email scripting vulnerabilities, prompting Microsoft to enhance security measures in Outlook.