ownership

As a society, we have demonized losing, and in turn, people have learned to run away from their fears and not embrace risk. On today's episode of the podcast, I'm sharing a segment from when I was on ESPN recently. We talked a bit about my relationship with the New York Jets and my aspirations to one day own the team. I also share my thoughts on the demonizing of losing that has happened. I hope you guys enjoy it!

The things that we own can be central to our identity, part of how we see ourselves and how other people see us. Russell Belk, PhD, of York University, talks about the role our possessions play in our lives; what drives collectors to collect items as disparate as stamps, art and Pez dispensers; how the word “possessions” can encompass physical, digital and even completely intangible items; and how has the rise of the sharing economy is changing the way people think about the importance of ownership.


Links


Russell Belk, PhD


Speaking of Psychology Home Page

Li Jin is a co-founder and general partner at Variant, a crypto fund investing in Web3 and what Li calls the Ownership Economy. Li is full of massive ideas about the past, present, and future of digital economies.

The core thesis? Next-generation networks grow faster and bigger. The phase we're seeing emerge now with Web3 and crypto is deeply fascinating, with potential to shift power and ownership into the hands of users and creators.

In this new paradigm, everyone is a creator, and everyone is an owner. In addition to her work at Variant, Li is also a painter and an accomplished writer on Substack. After her appearance on the Creator Economy Panel, we knew she had to come back on Bankless to dive deep—this time, into the Ownership Economy.

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✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode
https://shows.banklesshq.com/p/debrief-the-ownership-economy-li 

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🦄 UNISWAP | DECENTRALIZED FUNDING
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Topics Covered:

0:00 Intro
6:30 Creator vs Ownership Economy
12:58 Phases of Economies
17:34 The Web3 Renaissance
21:53 Issues with the Early Internet
27:11 Original Sin
35:11 From Attention to Ownership
38:48 Digital Scarcity
47:41 Patronage Plus vs Regulation
52:59 100 True Fans
1:01:17 Programmable Business Models
1:09:17 DAOs & Community Ownership
1:14:48 Comparing Renaissances
1:21:36 Wealth Inequality
1:29:58 What YOU Can Do
1:35:23 What ELSE You Can Do
1:38:54 2022 Predictions
1:42:35 Closing & Disclaimers

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Resources:

Li on Twitter:
https://twitter.com/ljin18?s=20 

Li's Newsletter:
https://li.substack.com/ 

The Web3 Renaissance:
https://li.substack.com/p/the-web3-renaissance-a-golden-age 

100 True Fans:
https://li-jin.co/2020/02/19/100-true-fans/ 

The Creator Economy:
https://shows.banklesshq.com/p/-panel-the-creator-economy-jesse 

Tweets Mentioned:
https://twitter.com/ljin18/status/1434964132042846208 
https://twitter.com/ljin18/status/1422928459425271811 
https://twitter.com/ljin18/status/1404650885788098562 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

Given all the activity and interest recently around crypto and web3, as well as in upcoming holidays and art events, we’re re-running our episode all about NFTs (from March 2021) -- where we covered everything you need or want to know about NFTs. You can also find a curated list of resources to learn all about NFTs at future.com/nftcanon. That list, and this episode, has something for everyone -- from artists and creators and other builders to big companies and institutions or just anyone seeking to understand or even explain to others NFTs.

Here, we’ve cut through the noise around NFTs to share the signal, covering everything from: 

• what NFTs are and the underlying crypto big picture, before we dig into specifically what forms they take;
• common myths and misconceptions -- from confusing overlaps with other concepts to addressing commentary like it’s “just a JPG” or that it’s just hype
• to the question of energy use, also covering briefly how NFTs work
• providing a quick overview of the players/ ecosystem
• and throughout, covering various applications too.

Joining host Sonal Chokshi are Jesse Walden, now of Variant Fund, and formerly co-founder of Mediachain Labs, which was acquired by Spotify; and Linda Xie, now of Scalar Capital, and formerly an early product manager at Coinbase. As a reminder, NONE of the following should be taken as investment advice, for more important information please see a16z.com/disclosures.

[If you’re also interested in DAOs (which we touch on briefly in this episode), we just recently published a list of readings -- in the vein of our famous crypto canon resource, then NFT canon, and now DAO canon -- all about DAOs. It’s for anyone seeking to understand, build, and otherwise get involved with these “decentralized autonomous organizations” -- which represent the future of community, coordination, work, and much more… so we’ve curated resources on this list for people at different levels of interest, from dipping one’s toes in to going deep. You can find that at future.com/daocanon.]

This episode was originally released in March 2021: https://future.a16z.com/podcasts/nfts-explainer/ 

What do the things you own say about who you are? Psychologist Bruce Hood studies our relationship with our possessions – from beloved childhood objects to the everyday items we leave behind.

If you like our work, please consider supporting it! See how you can help at support.hiddenbrain.org. And to learn more about human behavior and ideas that can improve your life, subscribe to our newsletter at news.hiddenbrain.org.

We got deep on this episode- sitting down with the crew behind the Cannonball Mindset podcast. We chat legacy, and what that leaving behind one really means, the Jets, fake entrepreneurs and the three things that I think I learned from my mom. There's a ton in here that I think you'll really enjoy <3