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From YouTube: NFTs and Decentralized Communities
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A
Thanks
so
much
we
had
some
technical
difficulties
earlier,
hopefully
I'll
have
some
slides
great.
It
is
so
good
to
be
here
and
thank
you
to
angie
and
emily
and
the
whole
team
that
put
this
together.
This
house
is
awesome
and
there's
so
much
cool
stuff
that
we're
going
to
talk
about
today.
So
I'm
excited
to
bring
you
in.
I
prepared
a
20-minute
talk.
A
The
starling
lab,
for
those
of
you
don't
know,
is
based
at
stanford
and
at
usc
and
we're
using
web3
technologies
to
advance
human
rights
in
in
three
domains:
history,
law
and
journalism.
We
work
with
an
array
of
different
affiliates
to
find
ways
to
think
of
innovating
so
that,
as
we
think
about
web3
as
a
solution,
we
can
do
it
with
a
methodology.
A
A
We're
dealing
with
issues
around
trust,
fake
news,
authenticity
online,
and
because
of
that,
we
have
to
think
about
the
people
that
we
are
affecting
with
our
work.
And
so
that's
what
I
want
to
talk
to
you
today
is
this:
is
our
actually
our
first
talk
about
nfts
as
a
lab
and-
and
I
thought
about
well
where,
where
would
we
start
and
today
is
a
technical
day?
So
I
want
to
make
sure
that
we
cover
some
of
the
technical
challenges
that
are
there.
A
We
have
tons
of
engineers
that
we
work
with,
but
I
want
to
give
you
a
sense
of
the
ways
in
which
we
try
to
encourage
our
engineers
to
think
about
the
solutions
that
they're
developing.
So
that's
really.
The
theme
of
my
talk
is
that
we
can
get
into
the
technical
details,
and
but
I
want
to
mostly
inspire
you
as
engineers
to
think
about
the
responsibilities
that
you
have
when
you're
deploying
this
technology
all
right.
So
I'm
going
to
split
this
up
into
three
parts,
so
follow
me.
A
The
first
is:
let's
go
deep
into
the
criticisms,
because
if
we
can't
face
those
we're
never
going
to
get
through
to
the
actual
challenge
solutions
that
we
want
and
then
I
want
to
talk
a
little
bit
about
values
and
and
the
way
forward
with
nfts
all
right.
So
let's
begin
with
the
criticism
brace
yourselves,
this
is
not
going
to
be
easy.
A
All
right.
We
all
saw
an
incredible
2021
where
nfts
surged
look
at
these
numbers.
It's
insane
all
right!
You
don't
think
about
growth
in
this
way
in
the
we're
talking
about
tens
of
thousands
of
a
percent
right,
and
that
is
exciting
and
it
surged
a
lot
of
money
into
the
space
and
with
that
there
were
ripple
effects.
So
now
you
had
not
just
nfts,
but
actually
the
larger
crypto
community
started
to
enjoy
all
the
benefits
that
happened
with
this
new
way
of
interfacing
with
web3.
A
So
the
thesis
is
basically
that,
if
nft
succeed,
they
might
be
actually
the
very
first
way
that
most
people
have
a
token,
and
it
might
be
the
way
that
we
actually
start
to
change
the
internet
itself
right.
That's
the
idea
when
we
think
about
web3,
it's
like
yeah
there's
a
lot
of
hype,
but
actually
it's
needed
right.
A
We
have
a
problem
right
now
with
the
internet
and
that
some
of
those
problems
can
be
addressed
with
cryptographic
tokens
so
that
in
a
sense,
that's
that's
the
exciting
thing
that
happened
is
that
it
wasn't
just
about
a
bunch
of
people
making
money.
It
was
that
we
were
pushing
back
against
something
right
and
just
as
soon
as
all
of
the
excitement
happened,
the
backlash
hidden
so
towards
the
end
of
the
year.
You
sort
of
get
these
articles
that
popped
up
about
the
irrational
exuberance
of
web
3
or
web
2.0
founder
till
o'reilly
said
yeah.
A
A
Look
I
tried
to
use
the
tools
and
I
ran
into
some
problems
like
metamask,
for
instance,
had
issues
and
showing
nfts
that
I
bought
that's
a
big
problem
right,
so
there
were
more
work
like
deepak,
had
a
very
thorough
analysis
that
they
did
in
going
through
all
of
the
different
systemic
challenges
that
are
there,
and
I
would
say
to
you
that,
on
balance,
these
analyses
are
helpful,
they're,
not
all
necessarily
accurate.
A
In
other
words,
are
web3
technologies
really
trying
to
decentralize,
and
are
they
going
to
stick
to
that
promise?
That's
a
good
question.
I
think
we
all
need
to
continuously
ask
that
question
and
the
responses
by
the
way
were
also
many
of
them
were
also
very
reasonable
as
well,
and
if
you
look
at
like,
for
instance,
the
guys
over
at
metamask
said,
look
moxie
great.
A
A
A
We
thought
zuckerberg
and
co
were
on
the
path
to
literally
saving
humanity.
This
was
end
of
history.
Headlines
right.
Facebook
was
going
to
solve
all
sorts
of
problems
with
the
world
and
we
didn't
ask
them
hey.
What's
going
on
here
under
the
hood,
what
are
you
architecting?
What
is
the
strength
of
your
technology?
What
are
the
weaknesses
on
on
whole?
A
A
Okay
and
then
there's
another
form
of
criticism
from
folks,
like
dan
olson.
Has
anyone
seen
this
piece?
It's
highly
amusing?
It's
like
it's
like
two
hours
to
our
rant.
It's
like
gotta
give
the
guy
credit
for
that.
He
goes
through
a
lot
of
the.
I
think
the
types
of
things
that
I
think
we
in
the
nft
community
are
trying
to
address
issues
around
power
and
this
issue
around
how
you
actually
create
a
more
democratic
infrastructure.
Those
are
reasonable
criticisms
and
there's
reasonable
discussions
about
why
dan
may
not
have
it
right,
but
he
goes
deeper.
A
Web
3
is
going
great.
Just
great
is
like
an
interesting
website
that,
like
celebrates
all
of
this,
it
like
it
seems
to
just
get
more
and
more
excited
the
more
problems.
There
are
it's
a
pretty
toxic
dump
of
problems,
and
when
you
look
at
like
the
ultimately
like
the
apex
of
this
argument,
it
basically
says
that
look
nfts
are
actually
just
a
way
to
kind
of
launder
proceeds
or
get
exits
for
other
cryptocurrencies.
A
Artists
are
essentially
being
used
as
as
kind
of
these
suckers
to
cover
up
for
all
of
the
profiteering
that
happens
with
other
cryptocurrencies
all
right.
So
I'm
going
deep
into
all
of
the
criticisms
right
and
really
what
this
is.
If
you
add
this
up,
is
it
says?
A
All
right,
that's
really
heavy
stuff
and
he
goes
deeper
and
he
says
if
you
think
this
is
bad.
Now
imagine
what
happens
in
success.
What
this
will
be
is
a
system
that
financializes
everything
it
corporatizes,
everything
it.
It
takes
things
that
shouldn't
actually
be
monetized
and
it
monetizes
them,
and
it
turns
everyone
in
these
kind
of
digital
landlords,
is
what
he
calls
it
and
I
think
the
way
to
really
boil
this
into
something
that
resonates.
A
Dorsey
makes
kind
of
a
similar
argument,
although
I
think
he
comes
from
kind
of
a
maxi
point
of
view
from
bitcoin.
So
you
know
take
that
for
what
it
is,
but
it's
the
same
sort
of
thing:
you're
saying:
hey:
don't
let
the
web
3
community
pull
wool
over
your
eyes
like
at
the
end
of
the
day,
they're
backed
by
the
same
people
that
brought
you
web
2..
That's
his
argument
and
if
you
follow
that
to
its
knowledgeable
conclusion,
you
say:
okay,
wait.
A
Companies
like
google,
they
have
the
same
amount
of
euphoria
and
enthusiasm
right
and
where
do
they
end
up?
So
what
this
idea
is.
Is
that
we're
in
this
cyclical
pattern
of
history,
where
things
decentralize
and
then
they
centralize
again
and
then
we're
kind
of
condemned
basically
to
keep
doing
this
over
and
over
and
over
again
with
technology,
because
that's
the
underlying
business
model
or
you
can
look
at
the
cypherpunks
they're
often
mentioned,
as
this
is
kind
of
the
people
to
admire
a
lot
of
the
crypto
currency.
A
Folks,
like
view
them,
this
is
a
cover
from
1993.
It's
pretty
awesome
and
they're.
Really
these
were
were
fighting
for
privacy
and
it
wasn't
necessarily
an
obvious
position
to
take
at
the
time
and
in
a
sense
they
claimed
that
this
was
the
beginning
of
the
internet,
and
this
is
the
trajectory
that
we
need
to
basically
come
to
understand
and
therefore
complete
and
nfts
provide
you
that
agency
and
and
the
protection
that
you
want-
and
you
know
in
that
corner-
there's
some
interesting
people
that
are
aligned
with
this
philosophy.
A
A
A
A
They
have
their
ipo
they're
worth
about
six
billion
dollars
within
eight
months,
and
this
is,
I
think,
what
the
business
model
is
and
the
trajectory
that
I
think
most
people
assume
is
the
rise
of
successful
tech
startups
right.
It
goes
back
to
that
ipo.
That's
the
big
bang
moment.
I
think
this
is
an
interesting
day,
though.
For
another
reason,
it's
also
the
end
of
an
era.
A
So,
on
the
same
day,
that
netscape
has
this
ipo.
I
find
it
interesting
and
illuminating
that
it
was
actually
the
day
that
jerry,
garcia
died
and
the
counterculture
movement
that
garcia
stood
for
is
really
deeply
rooted
to
not
the
web
but
to
the
internet,
and
I
want
to
cover
with
you
some
values
that
I
think
are
so
fascinating,
because
maybe
if
we
think
a
little
bit
about
our
history
and
we
understand
the
types
of
things
that
we
want
to
put
into
web
3,
I
think
we
start
a
little
earlier.
A
It
might
be
more
inspiring
and
it
might
be
even
more
durable.
So
someone
like
doug
angleboard,
comes
to
mind.
His
task
was
to
take
basically
the
machines
of
the
day
and
he
had
the
audacity
to
dream
that
this
type
of
computer
and
by
the
way,
I'm
not
supposed
to
cross
this
line.
But
if
you
can
see
here,
I
can
point
the
computer
is
not
there
on
the
right.
It's
on
the
left.
It's
like
this
huge
refrigerator,
so
angle,
ready
to
say
look!
A
Is
that
fascinating
that
the
idea
that
of
the
internet
was
actually
so
tied
to
this
idea
of
the
personal
computer?
I
had
no
idea.
I
thought
the
two
were
kind
of
separated
out.
No,
if
you
really
go
back
to
the
augment
intelligence
framework,
it
as
it
was
productized
made
physical
into
objects,
it
created
things
like
the
mouse
and
the
screen,
and
those
things
were
intimately
tied
to
this
idea
that
you
needed
a
decentralized
network
that
placed
these
powerful
computers
at
the
edges
of
the
network.
A
He
took
us
into
the
bowels
of
xerox
park
in
this
iconic
article
that
was
written
in
rolling
stone
in
1972
and
there
he
introduced
this
to
people
that
he
called
hackers
and
they're,
really
the
first
citizens
or
users
of
the
internet,
and
they
brought
to
that
an
ethic
around.
What
they
felt
was
a
need
to
keep
things
in
the
for
users
to
continuously
to
be
empowered
and
folks.
Like
allen
k
who
worked
over
at
xerox
park,
he
developed
the
first
personal
computers
that
were
actually
small
enough
to
actually
be
carried
around.
A
This
is
mid,
70s,
state-of-the-art
technology
and
it
they
even
had
by
the
way
it
was
3d,
had
a
lenticular
screen
on
top
of
it,
and
you
can
see
that
k
was
an
artist
and
his
idea
of
how
he
was
going
to
create
community
and
and
computing
was
really
on.
This
idea
that
you
can
create
a
straight
line
to
say
computing
is
about
personal
expression
and
that
it's
a
new
medium.
It's
not
like
the
steam
engine,
it's
like
radio
or
television
or
books.
A
A
A
That's
powerful!
That's
a
very
important
lineage
that
we
need
to
keep.
So
I
take
the
history
not
from
the
early
90s
and
late
80s
with
the
cryptographers,
but
I
go
much
farther
back.
So
let's
talk
about
the
future
of
what
we
can
get
there.
We
all
know
the
problem
because
it
it
didn't
just
end
with
a
device
like
this
that
hobbyist
made.
A
Ironically
enough,
the
home
brew
club
was
took
place
at
the
stanford
linear
accelerator,
which
is
on
this
street
called
sandhill
road
and
so
the
very
people
that
were
the
hobbyists
and
the
ones
who
were
creating
things
without
any
expectation
actually
of
profit.
Ironically,
they
would
be
supported
by
the
folks
on
the
other
side
of
the
streets,
the
venture,
capitalist
and
create
what
has
been
called
the
largest
accumulation
of
wealth
in
human
history.
A
A
But
he
showed
us
that
his
generation,
as
he
felt
it
through
these
values,
proved
this
in
cyberspace.
You
not
just
have
agency
or
self-reliance,
but
he
says
that
with
that
it
actually
yields
resilience
and
where
generosity
leads
prosperity
follows.
Let
me
read
that
to
you
one
more
time
where
generosity
leads
prosperity
follows.
A
A
A
A
So,
as
tribalism
comes
into
play-
and
we
start
to
see
these
competing
projects,
we
should
think
about
integration
as
much
as
we
can,
and
that
there's
this
idea
that,
if
you
do
all
of
this,
you
actually
get
a
regenerative
form
of
economics
and
that
it
doesn't
actually
have
to
be
a
winner.
Take
all
that
with
increased
participation,
you
can
get
resiliency
and
adoption.
A
A
So
that's,
I
think
how
to
address
the
cynics
fundamentally
is
to
think
about
these
values
in
their
place
in
community
and
the
piece
that
I
read
that
I
really
love
that
I
think
is
potentially
the
most
important
one
was.
It
was
a
great
piece
by
tracy,
mcclellan
cotton
and
she
cited
some
really
interesting
statistics
that
said
that
when
she
looks
at
crypto
communities,
what
she
finds
so
remarkable
is
that
it's
younger
and
it's
more
diverse,
two
fists
of
crypto
traders
are
not
white
and
40
are
women.
A
Those
are
staggering
numbers,
and
so
we
really
need
to
think
about
web
three
in
the
most
positive
way.
Is
that
it
we?
It
might
just
be
not
an
answer
but
an
opportunity
to
create
these
values
and
communities,
and
the
criticism
is
welcome.
The
discussion
is
welcome,
but
hopefully
we
can
also
keep
it
optimistic
as
well.