Alex Wittenberg

Cheap cost of financing: funding expenses via debt at certain rates can be cheaper than via tokens

Budget funds should be held in a multisigAt least 4/7 signers to avoid any central point of failure

Shopify’s big strategic question is how it can build network effects. It wants to sell higher-margin products to merchants for the money, but it might be more important in the long term that those products build a network, pull more merchants and users into the system, and make the core business more sticky. Shop Pay is one building block, but an... See more

While they have much in common with more traditional organizations, tokenized communities promote fundamentally different economic models than the mainstream organizations that preceded them.

SaaS wisdom teaches us narrow lessons: start by conquering a narrow market and expand from there, add at least as much in ARR as you burn each year, and build your product either horizontally or vertically.

To call something artificial is usually to suggest its inferiority to some ostensibly natural alternative. For example, the boast “No artificial sweeteners!” come to mind. And when applied to people, the word suggests a lack of authenticity or sincerity. But if we recall the word’s semantic relation to artifice or art, then we might come to see... See more

The leader is responsible for the overall atmosphere of the meeting, and that it’s positive, safe, and productive.

Most of the widely adopted products right now are extremely transactional - apps that help you exchange tokens for example. As Jesse Walden correctly points out, these products should commoditize their applications in order to drive more demand for their truly differentiated product, the underlying exchange.