said, “Software is eating the world.” Git…t value-creating approach (open source). This reinassance maximized the value created by software. As Marc Andreessen famously said, “Software is eating the world.” Github was the fork, and open source was the knife.
When it comes to investors and getting an exit, how often does a startup get acquired because it was profitable? Rarely, if not never. Startups get acquired because of the technology, product, team, or combination of the three. No startup gets a big win for their investors by “being profitable”. They get a win by building a kickass product, that solves a real-world problem, being executed by a world-class team. That takes cash.
How will governments and regulators respond to web 3? There is inevitable tension created by technologies that give people new capabilities. Web 3 includes technologies that avoid censorship and surveillance, and could be used to sidestep financial regulation and law enforcement.
Ethereum or Bitcoin could fail, but if they did the web 3 vision would not die. We would just build new, better versions of those systems using the same applied body of knowledge that we’ve developed over the last 8 years — cryptoeconomics — and keep on building.