On the record about
2 people · 4 quotes · 7 Dec 2021 to 20 Jul 2023
2 of 2 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 7 Dec 2021 — a date, and nothing else. It is not a claim about who reached a view first.
Gurley says decentralization wasn't a limiting factor; Second Life creators were cashing out $100 million annually.
“If I made a list of 25 things that I think inhibited us from getting to a higher place, I don't think I'd put decentralization on that list.”
Friedberg argues decentralized funding networks suffer from adverse selection where storytellers win over qualified candidates.
“The problem with decentralized networks is often you see adverse selection. You see this in, like, the insurance industry.”
“You see this in, like, the insurance industry. The term is often used to adverse selection where, it's the best storyteller that wins, not necessarily the best candidate.”
Gurley observes email and podcasting are unique content forms with no centralized control due to their technical architecture.
“email and podcasting are two content forms where there's no evil overlord that control. They're they're both these highly distributed things just by the way they're technically implemented.”