Not Investment Advice

126: Friend Tech, App Store vs. Crypto, Community Notes & ARM IPO

Aug 23, 2023

01:28:01

Snipd AI

Vitalik, Founder of Ethereum, discusses Friend Tech, App Store vs. Crypto, Community Notes, ARM IPO, and the malleability of social reality. They delve into the rise of Friend Tech, the controversy surrounding the App Store's 30% fee, and the mechanics of community notes. They also explore the history and future of ARM and discuss the power of credibility and brand names.

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Quick takeaways

Community Notes provides a decentralized fact-checking mechanism on Twitter, aligning with crypto values of transparency and diversity.

The malleability of social reality can be manipulated to gain personal benefits by exploiting loopholes and influencing people's willingness to provide resources.

The upcoming IPO of Arm is expected to be the largest IPO of the year, with potential implications for the UK's tech industry and stock market.

Deep dives

Summary of Community Notes

Community Notes is a crowdsourced fact-checking feature on Twitter that allows users to append notes to tweets to provide context or corrections. The notes are written, curated, and voted on by anyone on the platform, with the algorithm determining which notes are shown. The goal is to provide credible neutrality by taking into account the voting history of users to ensure diverse perspectives. While it is not a perfect system, it aligns closely with the principles of decentralization and transparency that are associated with cryptocurrencies.

Introduction

4min

The Rise of Friend Tech

13min

The Shift from Hype to Utility in Crypto and Monetizing Social Media

3min

Controversy Surrounding the App Store's 30% Fee

27min

Community Notes and Credible Neutrality

16min

The History and Future of ARM: Chip Design for Smartphones and IoT

6min

Arm's Decision on UK Stock Exchange

5min

Brand Names, Social Reality, and the Power of Credibility

13min

The NIA boys discuss Friend Tech, App Store vs. Crypto, Community Notes, ARM IPO, and much more.

Timestamps:

(00:00:00) - Intro
(00:00:41) - Meme of the Week
(00:05:31) - Friend.tech Overview
(00:14:41) - Assigning Monetary Value to Social Capital
(00:20:17) - App Store vs. Crypto
(00:31:52) - OpenSea Removing Royalties
(00:47:35) - How Community Notes Works
(00:50:15) - Vitalik on Community Notes
(01:03:15) - ARM IPO
(01:15:13) - The Malleability of Social Reality

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