Chamath Palihapitiya(@chamath):In an early meeting at Facebook (c. 2007), when I was describing the goals of Facebook Platform (an area I oversaw) Bill Gates yelled at me/us. His quote has stuck with me to this day: “This isn’t a platform. A platform is where the collective sum of revenues of the participants exceeds those of the platform itself.” Ladies and gentlemen, I present to you the tokenmaxxing circle jerk.

2026.05.18 15:57

In an early meeting at Facebook (c. 2007), when I was describing the goals of Facebook Platform (an area I oversaw) Bill Gates yelled at me/us. His quote has stuck with me to this day: “This isn’t a platform. A platform is where the collective sum of revenues of the participants exceeds those of the platform itself.” Ladies and gentlemen, I present to you the tokenmaxxing circle jerk.