Greylock general partner Reid Hoffman and his Blitzscaling co-author Chris Yeh examine the current development of Web3, focusing on how basic human nature is driving some of the innovation. This discussion was sparked in part by an article by Bloomberg reporter Joshua Brustein, who interviewed Hoffman about his recent essay on his experience as a Web 2.0 entrepreneur and investor. In that essay, Hoffman described the ways the “wild idealism” of the era led to major advances that both positively and negatively impacted the world, and how the “seven deadly sins” of humanity form the basis of many technological pursuits. You can read a transcript of this conversation here: https://greylock.com/greymatter/vices-and-virtues-in-web3/ You can read Joshua's story here: https://www.bloomberg.com/news/articles/2022-01-12/web3-silicon-valley-s-new-obsession-looks-a-lot-like-last-one?sref=ojgukC4T Chapters 0:00 Introduction 0:16 Similarities Between Web3 & Web 2 8:26 Wild Idealism 13:56 User-Generated Value 18:45 The Original Deadly Sin 25:04 A Moral Choice 30:33 Decentralization 35:14 Rethinking the Current Digital Architecture