{"id":19026,"date":"2023-06-28T14:11:18","date_gmt":"2023-06-28T14:11:18","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=19026"},"modified":"2023-06-28T10:12:50","modified_gmt":"2023-06-28T14:12:50","slug":"cory-klippsten-on-the-flywheel-business-model-for-web-3-0","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/cory-klippsten-on-the-flywheel-business-model-for-web-3-0\/","title":{"rendered":"Cory Klippsten on The Flywheel Business Model for Web 3.0"},"content":{"rendered":"
\n
\n
\n
The FLYWHEEL SCHEME has been the dominant business model in \u201ccrypto\u201d \u201ccefi\u201d from the past three years.  It was as dirty as ICOs, maybe worse in wealth destruction and delay of Bitcoin adoption.<\/div>\n
<\/div>\n
Major perpetrators:<\/div>\n
<\/div>\n
FTX & Alameda<\/div>\n
Celsius<\/div>\n
Crypto dotcom<\/div>\n
Nexo<\/div>\n
Babel<\/div>\n
Voyager<\/div>\n
<\/div>\n

<\/p>\n\n\n\n\n
 <\/td>\n<\/tr>\n
 <\/td>\n\n\n\n\n
<\/a><\/td>\n<\/td>\n\n\n\n\n\n\n\n\n\n\n
Cory Klippsten | Swan.com 🦢 #Bitcoin<\/a><\/b><\/td>\n<\/tr>\n
\u2066\u202a@coryklippsten\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
The FLYWHEEL SCHEME has been the dominant business model in \u201ccrypto\u201d \u201ccefi\u201d from the past three years. It was as dirty as ICOs, maybe worse in wealth destruction and delay of Bitcoin adoption.<\/p>\n

Major perpetrators:
FTX\/Alameda
Celsius
Crypto dotcom
Nexo
Babel
Voyager
and more pic.twitter.com\/9dmvdhBGgN<\/span><\/a><\/td>\n<\/tr>\n

 <\/td>\n<\/tr>\n
11\/4\/22, 12:57 PM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a><\/div>\n

<\/div>\n

\"image0.jpeg\"<\/p>\n

Basic architecture of a flywheel <\/div>\n
<\/div>\n
Pump token price<\/div>\n
Mark \u2018gains\u2019 to balance sheet<\/div>\n
Show \u201cgains\u201d to investors<\/div>\n
Raise cash through equity sales<\/div>\n
\"image1.jpeg\"\"image2.jpeg\"\"image3.jpeg\"\"image4.jpeg\"<\/p>\n
\n
WordPress\u2019d from my personal iPhone, 650-283-8008<\/a>, number that Steve Jobs texted me on<\/span><\/div>\n

<\/span><\/div>\n
\n
https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/span><\/font><\/div>\n

<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The FLYWHEEL SCHEME has been the dominant business model in \u201ccrypto\u201d \u201ccefi\u201d from the past three years.  It was as dirty as ICOs, maybe worse in wealth destruction and delay of Bitcoin adoption. Major perpetrators: FTX & Alameda Celsius Crypto dotcom Nexo Babel Voyager     Cory Klippsten | Swan.com 🦢 #Bitcoin \u2066\u202a@coryklippsten\u202c\u2069 The FLYWHEEL […]<\/p>\n","protected":false},"author":1,"featured_media":19027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19026","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/19026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=19026"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/19026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/19027"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=19026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=19026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=19026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}