Bankless

110 - The Internet Reset | Alexis Ohanian

23 snips
Mar 21, 2022
Join Alexis Ohanian, Co-founder of Reddit and founder of SevenSevenSix, as he shares insights on rebuilding Reddit for Web3. He discusses how early internet behaviors are resurfacing with crypto communities. Alexis emphasizes the importance of authentic connections online, drawing from his journey in the crypto space. Expect investment insights, the potential of decentralized technologies, and the role of community in shaping a brighter digital future. Plus, he explores the need for greater female participation in Web3 and innovative investment trends.
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ANECDOTE

Early Coinbase Investment

  • Alexis Ohanian invested in Coinbase's seed round because of r/Bitcoin's enthusiasm.
  • He saw potential in engaged Reddit communities as an indicator of a technology's value.
INSIGHT

Crypto Pilled

  • Ohanian's crypto "pilling" moment came during COVID, observing emergent online communities.
  • These communities, reminiscent of early Reddit, showed decentralization's potential.
ANECDOTE

Reddit Karma System

  • Reddit's karma system, inspired by Slashdot, effectively motivated users with simple mechanics.
  • Ohanian believes ownership in Web3 will amplify such emergent behaviors.
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