I highly recommend the recent Tim Ferris Podcast + Naval + Chris Dixon episode on web3 (https://tim.blog/2021/10/28/chris-dixon-naval-ravikant/ https://tim.blog

I highly recommend the recent Tim Ferris Podcast + Naval + Chris Dixon episode on web3 (https://tim.blog/2021/10/28/chris-dixon-naval-ravikant/ https://tim.blog/2021/10/28/chris-dixon-naval-ravikant/) The podcasts Bankless and Tapping into Crypto are also good general explainers of what's going on. The biggest thing people get stuck on on HN is the "Dropbox is a stupid idea, I can replicate it with rsync" problem. Lots of things in web3 are possible without blockchain but they are a far worse experience. Some things I'm excited about: - Royal allows bands to sell an NFT of their songs on release, and then the owner of that NFT gets royalties on all future sales of that song. - Alchemix gives you no interest loans that pay themselves back over time. - Pool Together is a decentralized savings account where instead of getting a small interest payment all the interest is pooled and payed out as weekly prizes like a lottery. - DAOs allow massive decentralized companies to be created around any mission - charity work, building new tech, or even buying a copy of the constitution. - I work for a company called Balancer where you can create an index fund of your favorite coins and you earn interest from your investments rather than pay fees, as traders can use your fund for arbitrage opportunities. Just being able to provide liqudity to decentralized finance and get a 10 - 30% yearly APY on it is amazing. These are all still just the tip of the iceberg. When NFTs are mainstream and we have a global permissionless financial system - that's when creativity will really explode.