Joey DeBruin

Leaders with differing ideas naturally surface in groups of people, and it is equally natural for people to follow leaders and causes they believe in. Rather than replacing hierarchies, DAOs create a mechanism through which a single organisation can allow many hierarchical teams to explore different directions simultaneously.

And so we arrive at the crux of the argument. DAOs are novelty search engines which can more efficiently explore a search space by enabling many cooperating teams to collect and integrate stepping stones.

Why do some people achieve so many of the things they want, and others not? Do people have a fixed budget of things they can achieve in a lifetime? It doesn’t seem so. Rather, it seems like our achievement budget is a function of the number of priorities we have. Interestingly, it seems to be a nonlinear function. Meaning that if you go from 4... See more

Today, producers can launch products more easily. But so can their competitors. And ultimate success depends on the behavior of large groups of people. These people cannot be coaxed or threatened. But they can be bribed.

What we need is the YC of talent identification and encouragement. We either need Thiel to step up and 100x his fellowship, or a 100 other billionaires to step up and stop whining about talent.

I don’t think ‘public utility’ is the most useful metaphor to understand what Twitter and its peers actually are.Public utilities make sense when the product is a simple commodity, essential for everyday life, and delivered through a set of pipes that are incredibly expensive to install and maintain.