Part 6/11:
In a joint video message, Andreessen and Horowitz expounded on their belief in blockchain technology as a pivotal advancement, drawing parallels to the internet. They argued that the centralized ownership seen in many digital platforms could be countered by decentralized blockchain services, whereby users would retain a greater share of revenue.
Analyzing the Arguments for Crypto Decentralization
While Andreessen and Horowitz champion the merits of blockchain, many of their claims warrant scrutiny. For instance, their assertion that social media platforms retain 99% of revenue from creators is demonstrably inaccurate. Platforms like TikTok and Instagram provide creators with sizable revenue shares, often around 50%—a far cry from the figures cited by the crypto proponents.