Didn't read. Paywall. The idea that early adopters somehow are demographically equivalent to the entire population of future adopters is ridiculous. Technolog

Didn't read. Paywall. The idea that early adopters somehow are demographically equivalent to the entire population of future adopters is ridiculous. Technology is becoming more sophisticated so capitalizing on it to generate value requires knowledge. That knowledge requires time and freedom to acquire. Building a business is becoming easier. It still doesn't change that building a business is risky and only wealthy people can take those kinds of risks. These statements can apply to ANY technology created today. ML, Crypto, etc. > One of the few tragedies of global innovation is that the poor can remain poor. They might be better off than where they were yesterday, but relative to other winners, they are still poor. > In the long run, the true financial winners of a new internet built on Web3 will be those who are able to acquire or own key assets and infrastructure (capital)—and unfortunately, like the real world, capital isn’t evenly distributed across the world.