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Single-player technologies, like flashlights or lighters, are useful for individual use, while social technologies, like money or tokens, have value in social interactions. Tokens act as multiplayer technologies simplifying complex ideas into a simple package, similar to how websites organize information on the internet. Encapsulation of ideas in a simple form is crucial in software and the internet, as demonstrated by the concept of websites connecting a vast ocean of information through links.
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AI-powered
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode