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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

The problem is,

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

traffic has always been a terrible proxy for value.

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

Like, if you think about things in life that, you know, you might, that might generate traffic.

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

Like, take it off the internet for a second.

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

Think about, like, there's a car accident and people rubberneck to look at the car accident

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

and it creates a traffic jam, that's not a good thing.

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

That's not appealing to our sort of better angels.

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

That's kind of the morbid, sick part of humanity where we sort of stop to look at the car accidents that are happening.

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

And so traffic has actually always been a somewhat bad proxy for actually the value that's there.

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

And in fact, a lot of the media space

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

For a long time, I remember sitting with, you know, a senior, a founder of a very prominent media firm and talking to this person.

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

And she was bragging about how they generated content, articles, as inexpensively as possible.

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

And that they would then A-B test headlines to see which ones provoked the most rage.

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

Because the more rage they could provoke, the more likely you were to click on it and the more likely they were able to serve you an ad.

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

Oh, my God.

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

Yeah.

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

That's just a horrible, like that isn't making society better in any possible way.

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

And so what I think that feeling that a lot of us who've been on the internet for a long time have had is that the traffic-based, attention-based economy that the internet has had

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

that that actually has kind of led us to both kind of a Disney version, but with kind of rage bait attached to it, right?

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

So it's sort of like an unfriendly Disney version.