Alex Wittenberg

It’s the dying that does it, always. I started here; I end here (we all end here). It is amazing how the death of someone you love exposes this lie you tell yourself, that there’ll always be time. You can go months or even years without speaking to a dear old friend and feel fine about it, blundering along, living your life. But discover that this... See more

It requires taking an arbitrary view on the transaction fee growth of the protocol for the next 10-20 yearsIt requires taking an arbitrary view on the appropriate discount rate to determine present value.

There will only ever be 21,000,000 bitcoin, and they’re released at a rate that gets cut in half every four years or so. Roughly 19,000,000 already exist, so there are only 2,000,000 more to be released over the next 120 years.

Anything in a DAO that can be automated should be. Anything that can’t be automated should be funded by the treasury. Treasuries help DAOs fund critical development, attract contributors, and grow their network.

To summarize, tokens can certainly play a role in building a network, but they are not a GTM motion in themselves. Pay attention to the kind of network you’re building and how token incentives interact with network utility before relying on them as a bootstrapping solution. 

New social networks have typically struggled to monetize due to their small audience sizes, as they are unable to achieve the scale to make meaningful revenue from advertising. Paid communities, however, supply an engaged and paying audience, providing an alternative route to sustainability for independent social networks.

These days, trucks might also have cameras that point at their faces and microphones recording audio inside the truck. Some of these cameras have AI to detect if the drivers are getting drowsy. There’s also a growing industry in wearable tech — like headbands — to additionally check if a driver is falling asleep.

Stepping back, though we should probably ask where all these ad budgets are coming from, and, more importantly, where the growth for internet advertising will come from next. The obvious answer is television: print is mostly already gone, but ‘TV’ viewing is now finally unlocking, with US pay TV subscriptions now down by over a third 

In line with the transition from passion economy to ownership economy, as beautifully broken down by Jesse Walden, crypto emissions can be thought of as a consistent and stable revenue model for businesses and teams. Token minting is SaaS backward and powerful for users if structured correctly. This could be thought of as the natural next step for... See more