will transactions become a form of acceptable expression? in many ways, it is true even today in the physical world. will it be amplified? on steroids on the internet that moves money at speed with disdain for the old financial walls and geographical boundaries.
However, I am skeptical whether embedded markets will reach their full potential (giving NFT ptsd) or scale to become the dominant transaction layer on the web.
Also your thesis on shifting from attention-capture to transaction-enabled web is on the premise that all web attention is financialized
Lovely piece, stirred a lot of thoughts and made me pen down a continuation.
"The internet we’re on right now is not for people. It’s for devices.
Everyone keeps chopping internet history into Web1 / Web2 / Web3 / WebXYZ, and pitching it like software release notes.
Web1: read
Web2: read + write
Web3: read + write + own
Web5: read + write + own + Jack Dorsey tweets about sovereignty or whatever
Cute story. Looks smart on slides.
But it’s also a lie. The actual lineage is simpler and uglier:
Phase 1: Connect the machines.
Phase 2: Get humans to feed those machines.
Phase 3: Replace the humans.
That’s it.
Originally, the internet was built to move information between machines. We then duct-taped social layers on top of that and pretended this pipe was a “society.” Social media was never a town square. It was a high-frequency trading terminal where you were the asset."
I think of it as are you working above the algo or below the algo. With AI most people will be below the algo and need to figure out a way to be above.
The creator economy is indentured servitude. They farm the land but they can’t own it
will transactions become a form of acceptable expression? in many ways, it is true even today in the physical world. will it be amplified? on steroids on the internet that moves money at speed with disdain for the old financial walls and geographical boundaries.
Poetic!
Great read ser.
top-notch quality.
However, I am skeptical whether embedded markets will reach their full potential (giving NFT ptsd) or scale to become the dominant transaction layer on the web.
Also your thesis on shifting from attention-capture to transaction-enabled web is on the premise that all web attention is financialized
Lovely piece, stirred a lot of thoughts and made me pen down a continuation.
"The internet we’re on right now is not for people. It’s for devices.
Everyone keeps chopping internet history into Web1 / Web2 / Web3 / WebXYZ, and pitching it like software release notes.
Web1: read
Web2: read + write
Web3: read + write + own
Web5: read + write + own + Jack Dorsey tweets about sovereignty or whatever
Cute story. Looks smart on slides.
But it’s also a lie. The actual lineage is simpler and uglier:
Phase 1: Connect the machines.
Phase 2: Get humans to feed those machines.
Phase 3: Replace the humans.
That’s it.
Originally, the internet was built to move information between machines. We then duct-taped social layers on top of that and pretended this pipe was a “society.” Social media was never a town square. It was a high-frequency trading terminal where you were the asset."
Full piece here:
https://theinternetofvalue.substack.com/p/bs-called-make-the-internet-great
Nice read
We are working exactly on this..thanks or sharing the vision: https://surbhibarar.substack.com/p/the-unbundling-of-market-creation?utm_source=activity_item
Thank you for sharing this with me. Good read!
Sweet!
Btw, I am in NYC and would love to connect if you are here?
I'm not - but my co-founder Sid is
Can you drop me an email to joel@decentralised.co - I'll connect you guys
Emailed. Please let me know if you have received it from surbhi@ethosx.xyz.
Serf serving the algorithm.
I think of it as are you working above the algo or below the algo. With AI most people will be below the algo and need to figure out a way to be above.