Podcast

Is friend.tech Good or Evil?

Aug 24, 2023 • 1 min read

Friend.tech has dominated the crypto landscape as of late and it’s now breaking out into multiple mainstream non-crypto audiences. Should we pat ourselves on the back? Or do we need to more carefully reflect on the consequences of this new financialized social application?

Ryan and David give their raw thoughts on these questions and much more.

TIMESTAMPS & RESOURCES

0:00 Intro

5:28 RSA’s survey

https://twitter.com/RyanSAdams/status/1693799871197622344

6:15 Sassal’s take

https://twitter.com/sassal0x/status/1693803825747107973

9:00 How friend.tech works

13:00 Is anyone using friend.tech?

https://imgur.com/uLOTIYB

15:10 Non-crypto influencers using friend.tech

https://imgur.com/iq0lwlS

https://www.bankless.com/can-friend-tech-go-mainstream

17:00 Anti-friend.tech takes

https://twitter.com/AutismCapital/status/1693759402908815480

https://twitter.com/RyanSAdams/status/1693977201618653260

This is a glimpse of a brand new SocialFi stack!

https://twitter.com/nnnnicholas/status/1691591282395619686

37:00 David’s friend.tech conclusion (as of today)

43:52 Market Maximization & Financialization

45:31 Net Good vs. Net Bad?

49:53 Meme of the episode

51:31 Sleeping Dragon

52:46 Closing & Disclosures

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter 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.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Account Light mode Log Out