• Blockchains provide the societal benefits of protocol networks but with the competitive advantages of corporate networks
• “Come for the tool, stay for the network.” – Chris Dixon  
• If every command line tool becomes an app, does every protocol become a blockchain? 
• Distribution was so scarce in the early days of the internet that Ted Kaczynski (the Unabomber) killed for it 
• The Web3 version of a given Web2 app adds balances and the ability to cryptographically sign messages and transactions 
• Many tech companies suffer from Stockholm Syndrome; they have become accustomed to the App Store taking a significant portion of their revenue
• Web3 combines the best of both worlds of Web1 and Web2 
• Web3 is as structured as the Web2-style databases but as open as a Web1-style web
• Crypto is a counter-force to many of the things that AI is doing
• Blockchains enable property rights in the digital space 
• “Technology changes microeconomic leverage.” – Balaji  

Read Write Own (readwriteown.com) is a new book by Chris Dixon, general partner at Andreessen Horowitz (a16z) and founder of the largest crypto fund in the world. It's an important work that is simultaneously the best crypto tutorial for newcomers and an accessible reference for experts. Balaji and Chris are long-time friends and worked together at a16z for years. Here they discuss Read Write Own and the state of crypto in 2024.

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YouTube: https://youtu.be/_nIQztk5KWY