By the mid-20th century, foundations had reached the height of their power and influence, triggering a congressional investigation into whether foundations were manipulating public opinion and thought. The lawyer Rene Wormser, who wrote the final report, described foundations as a “cartel” that threatened to direct our entire intellectual and... See more
Great ideas tend to come from a single mind and leadership is a requirement for effective human collaboration. Hierarchies are well-optimised to enable strong leaders to achieve strong outcomes. DAOs do not get around this fact. Hierarchies work because they enable leaders to synthesise the contributions of a group.
I suspect we humans do better with constraints; the Internet stripped away the constraint of physical distribution, and now AI is removing the constraint of needing to actually produce content. That this is spoiling the Internet is perhaps the best hope for finding our way back to what is real. Let the virtual world be one of customized content for... 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.
We are biased to believe that the interim steps resemble the final goal, and use objectives to reach stepping stones that appear to lead to the final destination. However, without knowing the nature of the territory, those objectives may well lead us to get stuck.
We are an exceptional software development team. But, we now also need be an excellent customer development team. That’s why, in the first section of this doc, I said “build a customer base” rather than “gain market share”: the nature of the task is different, and we will work together to understand, anticipate and better serve the people who trust... See more