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engineering
Read Write Own
rated 5 out of 5read march 2024
notes · 1 min read
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open booksense →and it’s not a low tax 🫤
I really don’t like the economic state of the internet today…
Most of it’s economics is flowing through gateways of a handful of big tech companies and they are taking a ridiculous percentage of it.
Apple & Google app stores: ~30% YouTube: 45% Instagram, TikTok, Facebook… ~100% 🤯
The big tech is making hundreds of billions off of users attention and engagement, creator’s creativity, and innovator’s ideas and inventions!
Again: they tax innovation and creativity! 😡
When there is low economic incentives to be creative (because of this big tax) and
when you know you have no power over these giants and
they can wipe out your creations or
tax you even more,
innovation slows down 😢
This book made me at least 10 times smarter about internet, web, protocols, networks, economics and innovation.
It’s the education of a lifetime if you care about any of the above or human progress in general.
Chris Dixon brilliant analogies and perspective! I ordered 3 more copies to give as gifts!
Chris explains how blockchain networks are essential building blocks of the next era of the internet and
how they can counterbalance the current internet consolidation by big tech.
Happy reading! 📙