Hey guys, think about what you thought of the web in the early 90s.

That was the webification of content, digitization of content, and presenting on the web.

What's happened now is that the fundamental innovation is this ability to own your identity,

own your data, own pieces of content yourself, every single piece of content you've created.

It's that ownership revolution that's happening.

Everything is being tokenized.

There's a totally unique token representing you, tokens representing types of things.

The reason that is now possible to do that is because of this invention of digital scarcity

or digital ownership.

I mean, you mentioned Airbnb, Facebook, Google, Apple.

I mean, they now take between 20 and 30% of all of the peer-to-beer transactions, whether

it's putting an artist in you and me or wherever you're at a house, and they're not going

to want to give up that multi-trillion dollar revenue source easily.

I think ultimately, and for me, this links back to one of the ways which I think about DeFi.

I think I have a bit of a thesis that DeFi isn't about DeFi versus tradfile or centralized

finance.

They'll tell me about zero-file.

It's about how finance should actually disappear.

All of those decisions about financing it or getting insurance or borrowing or lending

or whatever will just take place in the background.

We'll wander around this future to, you know, global digital village, and we won't have

to think about what we're doing, but because the interactions will be via the network.

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