Except in a restaurant, the chef gets paid. In this platform, value is extracted from the chef, the waiter, the eater, the eaten, and their interaction, while tearing down societies. Not a fair comparison.
Welcome to shareholder capitalism, extracting rents from all sides of the market perpetually to enrich shareholders. This is why utility tokens were such a big game changer for me.
Remember Zuck was an open source bro who turned down M$ for $1M and ended up open sourcing Synapse. He built Wirehog, as a decentralized file sharing network.
I was attending TechCrunch Disrupt 2010 in NYC and personally heard Sean Parker speak proudly about how they “put a bullet in that thing” — because it threatened corporate profits and rent extraction.
Sean Parker learned not to mess with corporate profits, when his company Napster got sued into oblivion by the other “lock up the IP monopoly” industries — music and movies. MPAA and RIAA. So he started Plaxo and learned to be VC.
Then he brought Peter Thiel, the guy who seriously advocates “competition is for losers, build a monopoly”. He gave Mark a lot of good advice and the VC industry turned him from an open source bro into a corporate golden boy who buys up the competition, the founders of which leave in disgust after their golden handcuffs are off (WhatApp, Oculus, and yes Instagram).
This isn’t an isolated story. Elon owns Twitter. Bezos owns Amazon. The nicer guys like Ohanian and Jack got out, after selling, though. And they all want decentralization now.
Moxie left WhatsApp and started an end-to-end encrypted messenger (Signal).
Also, hate the game, not the player. Bernie paying 100% taxes isn’t going to solve anything. Neither is a few people going vegan going to solve what happens on factory farms. We need an actual alternative that is good enough so people will switch. What the Impossible Burger is doing for meat eating, https://qbix.com can do for Big Tech exodus.
It happened 25 years ago, when the World Wide Web appeared, content creators very quickly left AOL, Compuserve and all those other walled gardens. In fact, FB, Google and Amazon could only come to exist because the Web was permissionless and didn’t extract rents! We need that again.
Remember Zuck was an open source bro who turned down M$ for $1M and ended up open sourcing Synapse. He built Wirehog, as a decentralized file sharing network.
I was attending TechCrunch Disrupt 2010 in NYC and personally heard Sean Parker speak proudly about how they “put a bullet in that thing” — because it threatened corporate profits and rent extraction.
Sean Parker learned not to mess with corporate profits, when his company Napster got sued into oblivion by the other “lock up the IP monopoly” industries — music and movies. MPAA and RIAA. So he started Plaxo and learned to be VC.
Then he brought Peter Thiel, the guy who seriously advocates “competition is for losers, build a monopoly”. He gave Mark a lot of good advice and the VC industry turned him from an open source bro into a corporate golden boy who buys up the competition, the founders of which leave in disgust after their golden handcuffs are off (WhatApp, Oculus, and yes Instagram).
This isn’t an isolated story. Elon owns Twitter. Bezos owns Amazon. The nicer guys like Ohanian and Jack got out, after selling, though. And they all want decentralization now.
Moxie left WhatsApp and started an end-to-end encrypted messenger (Signal).