Did you read the "The Wonders of Web3" by Tim Ferriss, Chris Dixon and Naval Ravikant ?

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(Edited)

Happy November everyone!

I'm sure you must have read more things related to web3 and I assume that you continue reading daily to become a successful long-term investor.

You will never change your life until you change something you do daily. The secret of your success is found in your daily routine

I will put my hands up and say I still really don't understand Web3 basics. However, I'm happy now because daily reading is my new habit and I read more and more about web3 every single day mainly from web2 sources. In a few years, I will not need to leave web3 and completely ignore web2 sources.

Today, I thought I would share some interesting pieces from the recent (28th October) Tim Ferriss Show called "The Wonders of Web3"where Tim interviewed the general partner at Andreessen Horowitz Chris Dixon and co-founder and chairman of AngelList Naval Ravikant. Mainly I will try to relate this podcast to our Hive network.

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If we look at where the great fortunes are made in human history, they're always made on the frontier. The frontier is the place where you make money. Naval knows the current frontier is crypto. I can tell you that more than 95% of the people don't even play in the current frontier. That means we're all going to make it. Crypto is a collective positive-sum game and individual infinite game.

Today it feels like the frontiers on the internet and even on the internet, the frontier is within Web3 and crypto because it’s sort of the least regulated the most decentralized, the most permissionless, 24x7x365 markets that are self-funding, hackers from all around the world can participate.

Anyone in the world are can get involved in Crypto and you don't need a visa or passport.

The beauty of web3 is, for the first time, all the data is actually open. The data is literally living in the blockchain or in distributed systems, but it's secured. It's actually secured far better than these corporations can secure our data.

This means public blockchain like Hive is more secure than Meta (Facebook).

Satoshi Nakamoto may end up being the richest person who ever lived and could have pulled it off completely anon.

Next Joe Rogen can be anon. It's very possible he will be someone from Hive.

All the smartest people in Silicon Valley seem to be looking from their nine-to-five jobs into 24×7 Web3 and figuring out how to participate. Every company that I’m involved with that’s not a Web3 company calls me and asks me about a token or a Web3 angle. Obviously, some of it is just to make money. But some of it is this appeal of open source, open platforms, portable data, user privacy, user control, keys, and community-owned and generated networks.

I'm also trying to figure out how to turn my side hustle crypto into the main hustle and I'm in no rush because I'm in it for the long haul.

Email is a web2 app. LeoFinance is web3 app. An earlier version of emails had a terrible user experience but with innovation, it becomes much much easier to use. We just have to understand how early we're with Web3.

Web3 basically says, “Okay, we can now run this network through the people who have invested into the network and they can invest with money. They can invest with resources or they can invest with proof of work, which is sort of the most robust way to do it while keeping it decentralized.” But I think, this may of lead us into, we’re probably getting to the point where we should define what we mean by Web3.

Chris Dixon's definition of Web3

It’s an internet owned by users and builders orchestrated with tokens. This new concept of a token is the kind of the key concept of Web3.

Hive can plug into ETH or ADA etc

One of the reasons why the Web3 revolution is going to be so non-linear and so unexpected and so fast is because open code means these applications plug into each other like LEGO blocks. You go buy a LEGO for your kids. Well, it connects to every LEGO piece that your kid already owns.

Instagram makes money from you. Hive makes money for you. It's a blessing to be part of the Hive network which empowers creators all around the world.

The owners of Spotify are getting far richer than the creators and the podcasters on Spotify and the musicians on Spotify.

But in Web3, we created this innovation with DeFi actually called automated market makers where you can just do it through code. Now, once you’ve done that in code and most famous company is Uniswap, which is of course an Andressen investment. So congratulations Chris.

If I knew this earlier, I would have invested early with Uniswap. I have no control over my past. Happy that I'm reading more and more now, my daily inputs are compounding and I'm sure I will find a gem in Crypto soon by just reading more.

Actually, if you prefer listening then this podcast is 2.5 hours long. Reading is faster than listening for sure. And I hope you will go ahead and read this podcast transcript from the legend Tim Ferriss.

And Thank you for reading my little post.

Don't forget to hit that upvote button and leave a comment.
Thank you and I truly appreciate your support. I'm grateful to be part of our crypto, Hive, and LeoFinance community. Today is Day number 17 of my personal 365 days of writing challenge.

Twitter: Twitter.com/NathanMars7
Telegram: nathanmars7



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32 comments
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Honestly, I don't know much about Web-3. However, through constant reading, I have come to understand that Hive is a Web-3 based. As a result, everyone's data is secure here. As I saw on Twitter a few days ago, many people have had their Facebook and YouTube accounts canceled or their information lost. But compared to that, the information of Hive users is much safer from Facebook.

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I have never read "The Wonders of Web3".
I think that book is very good.
It is true that blockchain is more secure than Meta (Facebook).
Thank for sharing

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I like how you related this to hive. I've known of Tim Ferriss since we met randomly and had a drink in 2013. I plug into his content every know and then but relating the interview to hive makes it more tangible for me. It seems like Hive has been the answer the whole and if really could have been the winner in web 3.0 all along. It's a shame that it's been so hard to market but I guess when something is really decentralized there is no "centralized" marketing plan lol.

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Everyone talks about Splinterland's success now and the team has been building since 2017 as steemmonsters.

Next 2-3 years are crucial for Hive. Like they said in this podcast.

One of the reasons why the Web3 revolution is going to be so non-linear and so unexpected and so fast is because open code means these applications plug into each other like LEGO blocks.

Hive can easily plug into ETH and become the wonder of web3

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i listened for first hour or so, not sure when i fell a sleep.
it is interesting talk. Also interesting that hive checks almost all of their points, i am 99% sure they know about it and pretending that it does not exists.

listening to CTT after that it got me thinking. Why all the "big" investors are pretending that hive does not exist? Could it be that they can't be early investors in it?

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I listen to Vitalik and Naval Ravikant talking about Hive only when explaining blockchain governance.

The next 2-3 years will be crucial for Hive. As a community, we need to empower entrepreneurs and innovations. The big investors will come :)

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(Edited)

I have always tried to convince people to come over to Hive, showing them how Facebook makes money from them. I have not had much success. Maybe "The Wonders of Web3" teaches me how to convince them

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I have always tried to convince people to come over to Hive

I truly appreciate your efforts!

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It has been a while since I have listened to Tim, so full of ads. I will check this episode out though as I have long drives.

I too am figuring out how to turn crypto into the main hustle. I wish you a 100X gem find!

Blessings

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I haven't listened to him before but taskmaster4450 has been talking quite a bit about the metaverse and web3. So I guess to an extent I know a little bit about it. I might have to listen to him if I have time though.

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I might have to listen to him if I have time though.

Reading is faster than listening, Hope you will find some time to read the transcript.

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Im think the major play will be when web 3.0 is used for everything. That will be the big step in the crypto world

And it coming just all about how long we will be waiting. So till.then i will hodl and wait

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major play will be when web 3.0 is used for everything

It's going to happen sooner than many people think.

We are way ahead of the masses!

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Thanks for sharing this with us, I just feel we are very fortunate to have found Hive which is Web 3.0 and be consistent at working it.
We are ahead of the masses which places us at an advantage.

Things like this makes me always which to dump some fiat into Hive and other cryptos to increase my position for a more profitable tomorrow but the damn fiat is not even available...

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We are ahead of the masses

100%

damn fiat is not even available

Same here. Luckily I don't have any more Fiat debt.

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This is dope!! I've been following Tim's work since 4 Hour Work Week and to see him speaking on crypto is great. He a master interviewer/researcher so even though he may not be as saavy as people we listen to in the space, he will definitely provide a unique perspective that everyone can benefit from. About to check it out now!

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Tim is a living legend.

He knows crypto is making 4 Hour Work Week is very possible for many people.

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Besides all the ownership and freedom things, WEB3 can be the Internet of things that the industry wants to build for nearly 5 years.

Blockchain ( special public) can be connected modular to machines. And I don't talk about factories, they would benefit a lot too, but they also need the infrastructure, that's IMO a bigger problem.

Back to connections, I think access keys will be a thing. Digital tickets. Bonus programs + connect businesses decentral together everyone benefits without a middleman.

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but they also need the infrastructure, that's IMO a bigger problem.

One simple solution for HIVE's infrastructure is to plug into ETH

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:) I was talking about the factory's physical infrastructure that supports it and is secure.

But sure ETH + hive could be amazing, but I would like more Hive with its own smart contracts :P

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I'm always thinking about Hive

Thanks for reminding me about your vision of HIVE's own smart contracts.

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There are no news from Blocktrades Hive sidechain. Maybe it will become a thing in the future.

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