Chapter
The Power of Crowdfunding
1:36:07 - 1:41:22 (05:15)
The rise of connection through the internet has led to crowdfunding, the process of raising funds through collective effort, to become a global phenomenon. Crowdfunding allows like-minded individuals to come together and create projects that otherwise would not exist.
Clips
The potential for bad outcomes increases when anonymity is used online, except for within certain subreddits where civility is maintained through pseudonymity.
1:36:07 - 1:36:59 (00:52)
Summary
The potential for bad outcomes increases when anonymity is used online, except for within certain subreddits where civility is maintained through pseudonymity. Anonymity has a higher chance of leading to negative behavior while pseudonymity allows for the abiding of social norms within specific subreddits.
ChapterThe Power of Crowdfunding
Episode#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA
PodcastLex Fridman Podcast
The tech industry has produced many successful individuals and small teams who have created world-changing products.
1:36:59 - 1:39:09 (02:10)
Summary
The tech industry has produced many successful individuals and small teams who have created world-changing products. However, in some parts of the world, societies struggle to understand or apply the first principles that enable such innovations.
ChapterThe Power of Crowdfunding
Episode#331 – Balaji Srinivasan: How to Fix Government, Twitter, Science, and the FDA
PodcastLex Fridman Podcast
The Network State is a decentralized state-like entity created by a highly aligned online community, which has the capacity for collective action, crowdfunds territory around the world, and eventually gains diplomatic recognition from preexisting states.
1:39:09 - 1:41:22 (02:12)
Summary
The Network State is a decentralized state-like entity created by a highly aligned online community, which has the capacity for collective action, crowdfunds territory around the world, and eventually gains diplomatic recognition from preexisting states.