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Matthew Prince

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1481 total appearances

Appearances Over Time

Podcast Appearances

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And so again, I think that that's one of the big problems is it's gonna differentiate like haves and have-nots in that space.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And I think we should be really cognizant of that and try to think of solutions to it.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

I think the other problem is,

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

There's a real risk that done incorrectly that any of these models can just exacerbate who already has a lot of money.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

So for instance, imagine in a version of the future that we just set a price for an article.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

An article costs a tenth of a cent or something in order to purchase.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And so every time your agent goes and does that, a tenth of a cent goes out of your account.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And again, we can talk about the mechanics of how that would happen.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

But we do that.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

The challenge is that if we do that, especially if it's a bid-based system, then the winner of whoever gets access to the articles is just who has the most money today.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And so that means that Google, Meta, Apple, Microsoft, Amazon, like those companies could basically block everyone else who's out there out.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And what I really worry about is how do we make sure that as we create these systems, that a new entrant, a new startup,

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

you know, is able to have access in a way that, you know, that they don't have to pay the same amount as someone like Google.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And so at some level, I think we've got to figure out how do you pay different amounts depending on what your scale is.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And the answer might be, it's just, it's a percentage of what your revenue is.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

Like if your revenue is really high,

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

You put more into the pool.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

If you're just starting out, you put less into the pool, but it's still the same percentage that's getting built in.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

And then if you're successful and you grow, then that will grow with it.

Bankless
Cloudflare Needs 100M TPS from Crypto to Fix the Internet | CEO Matthew Prince

But I think we have to be really, really, really careful as we design the market to make sure that we, yeah, I think we'll solve a lot of the problems we've had, but we may create whole new problems going forward.