Founders typically look past the fact that their user base growth is due to a free / very cheap product or in other words, their market penetration pricing. Founders that find the right product-market fit early on, will typically translate the value of the service to the customers very well. And as such the customer’s perception of value relative... See more
DeFi refers to “decentralized finance,” an effort to transform the financial-services industry by making transactions faster, cheaper, and more secure.
Making platform backends open and interoperable enables compounding innovation and incentivizes direct investment in building the infrastructure layers.
Being active and engaged does not mean that the body must move. Active engagement takes place in our brains, not our feet. The brain learns efficiently only if it is attentive, focused, and active in generating mental models.
EZRA KLEIN: You’ve said that the world is, and I’m quoting you here, “The world is an existential hellscape with too many values and games offer a temporary relief from that.”
Sharing ownership allows for more incentive alignment between products and their derivatives, creating incentives for everyone to become a builder and contributor.