Brian Armstrong

Web 1.0 was about publishing - anyone can write and have global distribution.
Web 2.0 was about interaction - connect with others, collaborate in real time, data.
Web 3.0 is about value transfer - money can now be programmed and embedded in any app.

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The internet now has a native currency, and since the internet is global, the world now has a global currency. If you have an internet connection you can participate in the global economy. You're no longer constrained to local market.

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With Satoshi Nakamoto’s white paper, Bitcoin ushered in a new way to prove that you own something--using a blockchain--and created the first digital objects that can’t be copied.

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When you download music or read a news article, the publishers don’t lose their copy, and when you send an email, the sender and recipient both now have a copy.

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The magic of bitcoin is that when you send one, you can’t keep it too. That obviously changes what it means to own things on the internet (“my bitcoins” feels really different than “my iTunes songs”).

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It also gives us a peek into the other ways that ownership of things like your online identity or content is going to transform over the next few years.

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This is driving a lot of smart engineers to focus on this opportunity--because it can fundamentally change the way we interact with many of the online services we use today.

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