**Listen (7:07:30 - 7:23:50)**

Speaker

Lou Kerner

Twitter: @loukerner

Discord: CryptoOracle#7248

Company: Blockchain Coinvestors

Highlights

• Web3-tech perspective:
  • Blockchain
  • Cryptocurrency
  • Smart contracts
  • Zero knowledge proof
  • Decentralization
  • Community
• We grew up in a culture of greed. Crypto is a culture of giving.
• When communities work, all members get more value from the community to which they contribute.
• Electricity powered the Second Industrial Revolution. In the early days, companies built their own power generators.
  • Community is powering the 4th (Decentralized) Industrial Revolution. In the early days, companies are building their own communities.
• Giving value to community members - a.k.a. Token Economics
  • Non-cash incentives will be huge, and the lines will blur as value accrues to various digital objects.
• The size of a community is correlated to the delta between value received and cost to create that value.
• Engagement is the KEY metric of community.
• Massive value in community collaboration.
• Amara’s Law: We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run