Chapter
The Value of the Money Network
27:32 - 31:57 (04:24)
The money network has the potential to be worth a lot due to its network effect and early adoption. Looking at Web 3 as a network of engineering talent provides an example of how valuable networks can be.
Clips
The speaker compares the growing Web 3 as a network with the previous successful networks like the information network (Internet) and the merchant network (Amazon), predicting that the adoption of the engineering talent-based Web 3 early during its network effect will be lucrative.
27:32 - 31:01 (03:28)
Web 3
Summary
The speaker compares the growing Web 3 as a network with the previous successful networks like the information network (Internet) and the merchant network (Amazon), predicting that the adoption of the engineering talent-based Web 3 early during its network effect will be lucrative.
ChapterThe Value of the Money Network
EpisodeHow Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
PodcastMy First Million
Investing in the internet was limited to certain platforms and gave only a slice of the total internet, and investing in NFTs seems to be similarly bandwidth-constrained, making it difficult to determine what will win.
31:01 - 31:57 (00:56)
Investing
Summary
Investing in the internet was limited to certain platforms and gave only a slice of the total internet, and investing in NFTs seems to be similarly bandwidth-constrained, making it difficult to determine what will win. Only ETH provides action in the NFT space.