**MORAL Stack** Privacy over KYC: The government should not ask for what they cannot secure. **TECH Stack** Little interchain and interoperation: Rails for Crypto **Web 1:** Can we build it - Peer to Peer (P2P): Everything connected to each other **Web 2:** We can build it, but will they buy it - Model View Controller: Centralized Hub with spokes around it, FB, **Web 3:** We can build it, we know they will buy it, but will they ban it? (regulatory and political risk) - Client Blockchain Client is a different architecture - Multi-chain world / backing architecture needs to be built - Central State: - P2P and programability of the first internet and the monetizability and central and global state of Web 2.0 - Thin desktop clients **GLOBAL** Globalization of what we are doing. Global Mobility is when you have leverage against the state Arbitrage opportunity that is good #web3 #tech