For models like these to explain the value of TRUMP and MELANIA, there would have to be someone out there who thinks these memecoins have long-term value. But in fact, the models will work just as well if there are people out there who love to gamble , even when they know it’s likely to lose them money. We know from the existence of craps and... See more
Alongside the companies that gather data, there are newly powerful companies that build the tools for organizing, processing, accessing, and visualizing it—companies that don’t take in the traces of our common life but set the terms on which it is sorted and seen. The scraping of publicly available photos, for instance, and their subsequent... See more
The first is procedural environmental laws . Instead of just making laws that say “don’t build things that encroach on endangered species”, like the developed nations of Europe and Asia do, America also makes laws that allow anyone and everyone to sue developers to force them to prove in court that they’re following all the relevant substantive... See more
We’ve observed that some clever Foxes do masquerade as Hedgehogs, but not the other way around. Or perhaps, some Foxes merely admire the Hedgehog. Isaiah Berlin, in his great essay hypothesized that “Tolstoy was by nature a fox, but believed in being a hedgehog.”
We’ve reversed the figure and the ground: We’re spending more time, energy and money on the attempted harmonization of an offering and culture, than we are ensuring whatever’s being produced is
i think people need to deeply examine what MSCHF has done right and wrong if they want to take this approach this time around - killers at the attention playbook but not really able to gain any meaningful network effects for value