194 - How Crypto Saves The Internet | Li Jin & Eugene Wei
Inside the episode
Many of our listeners are familiar with Li Jin, an investor and co-founder of Variant Fund and is one of our favorite thinkers on crypto and the creator economy. Li is also joined by Eugene Wei. He’s a web2 product visionary. Listeners may be familiar with some of his incredible blog posts such as, “Status as a Service”, “Invisible Asymptotes”, “Why Information Grows” and more.
In today’s episode, these two gigabrains, one from web2 social, one from web3 crypto, talk about the future of status as a service, psychological ownership, and the future ties between social and crypto.
8:00 Web2 Social History
18:55 Is Web2 Ending?
24:50 Network Effect Theory
27:45 3 Paths to Break Free
32:17 The Internet’s Good, Bad, & Ugly
41:48 The Algorithm’s Constraints
46:25 Web2 to Web3 Learning Lessons
54:40 Love vs. Fame
1:00:24 Web3’s Potential
1:07:00 Crypto's Social vs. Financial Problem
1:19:30 Ethereum’s Social Network
1:25:14 Increasing Psychological Ownership
1:31:25 Price vs. Psychological Ownership
1:35:00 Eugene’s Advice to Crypto Builders
1:42:00 Li’s Take on Crypto’s Potential
Closing & Disclaimers