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For over a thousand years, medieval Christianity supplied a complete account of where history was going and how it would end. History began with creat
When we removed the vertical axis, God and heaven as the destination of history, we did not flatten the world, but tilted the horizontal axis, progres
Just as traditional theology explains why a good God permits suffering, Altman’s framing explains why a good company must risk the end of the world. C
When confronted with transformations that feel total, we reach for religious language almost by instinct. That is precisely what makes it powerful eno
For over a thousand years, medieval Christianity supplied a complete account of where history was going and how it would end. History began with creat
When we removed the vertical axis, God and heaven as the destination of history, we did not flatten the world, but tilted the horizontal axis, progres
Just as traditional theology explains why a good God permits suffering, Altman’s framing explains why a good company must risk the end of the world. C
When confronted with transformations that feel total, we reach for religious language almost by instinct. That is precisely what makes it powerful eno
For over a thousand years, medieval Christianity supplied a complete account of where history was going and how it would end. History began with creat
When we removed the vertical axis, God and heaven as the destination of history, we did not flatten the world, but tilted the horizontal axis, progres
Just as traditional theology explains why a good God permits suffering, Altman’s framing explains why a good company must risk the end of the world. C
When confronted with transformations that feel total, we reach for religious language almost by instinct. That is precisely what makes it powerful eno
For over a thousand years, medieval Christianity supplied a complete account of where history was going and how it would end. History began with creat
When we removed the vertical axis, God and heaven as the destination of history, we did not flatten the world, but tilted the horizontal axis, progres
Just as traditional theology explains why a good God permits suffering, Altman’s framing explains why a good company must risk the end of the world. C
When confronted with transformations that feel total, we reach for religious language almost by instinct. That is precisely what makes it powerful eno
The AI megacycle that will unfold over the next ten years will produce more overcapitalized businesses searching for an identity than any boom in hist
The businesses that lasted understood this. Each of them had something at the core that looked, to outside eyes, like irrationality. A refusal that ma
The work that lasts from this era will be no different. The companies that endure, the technologies that serve rather than consume, the institutions t
When we removed the vertical axis, God and heaven as the destination of history, we did not flatten the world, but tilted the horizontal axis, progres
one domain where the war between bottom-up knowledge and top-down dictation remained unsettled was the economic systems of the 20th century: communism
Before Shannon, engineers assumed that to improve communications, you needed to increase power. Blast your signal louder to overcome the noise. Shanno
second, the way to improve an information system is to increase bandwidth and reduce noise [2]it turns out that blockchains do both. replacing human f
When we removed the vertical axis, God and heaven as the destination of history, we did not flatten the world, but tilted the horizontal axis, progres
The work, for Sayers, was prayer. The shoemaker makes good shoes because that is what shoemakers do, because the object leaving his hands will either
The AI megacycle that will unfold over the next ten years will produce more overcapitalized businesses searching for an identity than any boom in hist
The businesses that lasted understood this. Each of them had something at the core that looked, to outside eyes, like irrationality. A refusal that ma
The work that lasts from this era will be no different. The companies that endure, the technologies that serve rather than consume, the institutions t
Enterprise software spending in the United States was roughly $500 billion annually in 2025. It was bloated, overpriced, and riddled with shelfware. C
New software companies emerged, too. Built on AI-native architectures with radically lower cost structures, they offered capabilities that didn’t exis
To raise your first fund, you must first raise from your friends. Your boss. Your boss' boss. Anyone rich or prestigious you've ever met or have a pas
This is a fantasy. If you are not all-in, you have no chance of succeeding. If you fail, yes, you will embarrass yourself and you will have lost other
The integration wasn’t as hard as I thought it would be. It mostly just required me to surrender, to accept being (at least temporarily) misunderstood
Look out to see in. Introspection with yourself as the object is a trap. You’re incompressible anyway. Make yourself the subject. Nick Cave and Rick R
Because that’s the essential nature of a borderland: for all the disorientation, it’s also a frontier. It’s the space where the old rules break down a
optimism requires seriousness, and seriousness looks painfully ridiculous, in the moments where it counts. The most serious founders often look the mo
Our mistake at GMI was not seeing the US liquidity as the current driving factor, when it is usually Global Total Liquidity that dominates over the fu
But the punch line is this: the catalyst came from non-crypto tradfi derisking, which happened to push Bitcoin down to a level where short gamma accel
Change is the permanent condition of history but stability and stasis are not the same thing. A structure can absorb enormous disruption while its fou
Cognition refers to the role of intelligence as the primary input of production and social organisation. The one thing no machine could do was exercis
This is what the taste thesis gets exactly backwards. The patron who built the cathedral was not exercising taste. He was exercising will. He was exer
If you asked me what the function of humans is after AGI, It is to handle the transcendent with this same fine disregard for the rules. To look at wha
How early or late you are to something is now an essential component of your relationship to that thing. The timelines and reels that represent “what
Crypto was really avant-garde here, because they had to argue with everyone, “Onchain isn’t in the front end or the back end, it’s this new third thin
But there’s a perception now that all the smartest people are over buying smart contract chains. Smart people know the jig is up. If not now, then soo
The problem with this analysis is that "revenue" is a tricky word when you are applying it to a L1. "Revenue" is price x quantity sold. It ignores ex
The truth is, credible neutrality is a scaling advantage, not just an ideology. Just like how institutions globally choose Bitcoin for its reliability
In fact, with enough time, the idea of self-sovereign ownership of onchain cash flows may come to be understood as a similar scale unlock as self-sove
The more time passes, the more I believe crypto natives have completely lost the plot on ETH and that’s it’s becoming impossible to replicate the prod
The truth is, credible neutrality is a scaling advantage, not just an ideology. Just like how institutions globally choose Bitcoin for its reliability
Resilience is sovereignty. Not sovereignty in the sense of lobbying to become a UN member state and shaking hands at Davos in two weeks, but sovereign
In fact, with enough time, the idea of self-sovereign ownership of onchain cash flows may come to be understood as a similar scale unlock as self-sove
Once there’s trust, infrastructure, and liquidity, the market always finds a way to extract productive value, even from assets originally meant just t
Yet history keeps proving that permanence eventually invites productivity.
Art followed a similar path.For centuries, it was a passion asset, a canvas-bound vault for the wealthy. Then Sotheby’s launched a financial services
Gold didn’t stop being gold. Art didn’t stop being art. But all of them started to generate income while retaining their role as a store of value.Bitc
Each subnet has its own subnet-specific “alpha” token with the same fixed 21m supply and tokenomics as TAO. The only way to access alpha tokens is thr
Subnets are composed of three stakeholders:Subnet Owners: Subnet owners are responsible for creating and maintaining the subnets, as well as defining
The ecosystem is exploding, and there are murmurs of a “Subnet Summer” to rival DeFi Summer in 2020. Today, there are over 100 subnets, and new subnet
Institutional capital is in its infancy within alpha token investing. DCG’s subsidiary Yuma and less than a handful of emergent liquid funds like Cont
Until last year, launching an onchain subscription was difficult, as NFTs and ERC20s had no concept of time embedded within them. Instead, they offere
The primary development of STPv2 is Tiers, which can be understood as the ability for creators to provide different offerings at different price-point
One of the most powerful, unique features of STP is Subscriber Rewards, which allow creators to share a percentage of their revenue with subscribers.
Seed Club is a participant-owned venture network. It’s a bet that doing venture capital from the first principles of a network instead of the first pr
Privy makes it easy to embed wallets that users control but don’t need to think about, right in the app. Base, Coinbase’s EVM-Compatible Layer-2 netwo
Fred Wilson pointed out that being onchain opens up the opportunity to build an AmEx-like loyalty program where all the loyalty points are onchain. “$
If Blackbird succeeds, it will succeed because it builds a product that helps restaurants in the ways that they care about. The technology under the h
So if I step back, a good consumer token model in my mind:Releases a token early, recognizes the end state is entirely unclear, and maintains optional
Given that your project isn’t for everyone, the goal isn’t for everyone to understand it. The goal is for people who might take action to understand i
When I tell the others about what you do, do I feel smart or stupid? Can you establish the conditions where sharing your core ideas and mission is tem
Who is this for? What do they believe, what do they wish for and treasure? Ignore the others.
Where is the tension? What will happen if I don’t do something right now? What if I keep quiet? What is imminent, what will I miss? The default is the
I have worked hard to stay close to my childhood friends, not just in the ‘knowing the events of each other’s lives’ sense (though this is a worthwhil
But I wish I had realized sooner that I could show up as I was, and everyone who loved me would still love me even as I was confused, freshly transfor
I wish I realized that so much of the return—of integrating the journey—is just being willing to be seen in whatever stage of the process you are in a
The integration wasn’t as hard as I thought it would be. It mostly just required me to surrender, to accept being (at least temporarily) misunderstood