Alex Wittenberg

How Do You Know When to Quit?

A protocol's treasury should be diversified over time. Diversification should be planned based on the treasury’s expected annual outflows, liquidity needs, and risk-return of assets. 

If you’re presenting a really great product and showing it to people who need that product, it also doesn’t feel so much like marketing. If you’re taking something that you’re not sure people really need or blasting it across 30 Telegram groups, it’s going to feel uncomfortable and you’re going to wonder why no one is listening. If you feel like... See more

But it may be, too, that my initial proposition requires a qualification. Let’s put it this way: you and I have exactly as much attention as we need at any given moment provided that at that moment we also know what it would be good for us to do.This qualification also stems from Illich’s insights, so allow me to elaborate. His crusade against the... See more

Crypto networks and DAOs often use the concept of the “ownership economy,” an idea first articulated by venture capitalist Jesse Walden, as a kind of guiding philosophical infrastructure.

Were friendships always so fragile? I suspect not. But we now live in an era of radical individual freedoms. All of us may begin at the same starting line as young adults, but as soon as the gun goes off, we’re all running in different directions; there’s little synchrony to our lives. We have kids at different rates (or not at all); we pair off at... See more

Every single action we take — calling our grandparents, cleaning up the kitchen or, today, scrolling through our phones — is a transaction. We are taking what precious little attention we have and diverting it toward something. This is a zero-sum proposition, he realized. When you pay attention to one thing, you ignore something else.