Tech Brew Ride Home Tue. 12/21 - @Jack And The Tech (Cold) Civil War Over Web3
Dec 21, 2021
The podcast dives into the cold civil war over Web3, sparked by Jack Dorsey's controversial comments. It discusses explosive growth in the crypto sector, highlighting impressive investments and talent drain from traditional tech. Leadership shake-ups, including at OnlyFans, showcase the allure of cryptocurrency as an opportunity for wealth. Satellite internet performance is assessed, with comparisons to conventional ISPs revealing competitive dynamics. Tune in for insights on the tech landscape and the shifting leadership scene.
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Web3 Civil War
- Web3 has ignited a "cold civil war" in tech, dividing VCs, founders, and others.
- Jack Dorsey criticizes Web3 as being controlled by VCs, sparking heated debate.
Crypto Funding Boom
- Stablecoin supply exploded in 2021, reaching over $140 billion, driven by DeFi and derivatives.
- Crypto and blockchain startups raised over $28 billion in VC funding, a 4x increase.
Crypto Gold Rush
- Tech employees are leaving high-paying jobs at big companies for crypto opportunities.
- They see crypto as the next big thing, similar to the early days of PCs and the internet.