34 - The Ownership Economy | Jesse Walden
Inside the episode
Jesse Walden speaks about 'the ownership economy', in which value is returned to the producers via a protocol by compensation codified in its core.
YouTube, Facebook, Twitter are now extracting more than they are providing.
Can Ethereum and DeFi solve this? How can Ethereum host an internet-sized cooperative, like REI? How can token ownership create a larger tent, that can scale organizations past previous limits?
We also discuss Jesse's 3 theories for how crypto will be adopted, and which one he believes will come first:
- The people come, Bank the Unbanked!
- The institutions come, WallStreet wants part of the global casino
- The economy comes, non-financial apps create a “real economy"