Mark Fishman

The only way everyone keeps making money is if other people keep putting more money into the system, which either requires more people or deeper pockets from existing people.This is the metagame of STEPN: how long can you milk the magic money machine before it all comes crashing down? And can they fix their doom loop before it gets triggered?

The goal, of course, is to eventually remove carbon at the cheapest per-ton price possible, but simply paying for efficiency is not necessarily the fastest way to get there. The history of American technology policy helps demonstrate why. In the 1950s and ’60s, the United States promised to purchase the fastest semiconductor from any company that... See more

If we take a step back for a second, the idea that if a political movement garners mass support, it can’t possibly be extremism, incompatible with democratic self-government, or beyond the pale in a broader cultural and societal sense is utterly implausible and historically illiterate

- gives ownership to users, incentivizes them to stay and invest moreCons of “social tokens”- puts pressure on creators to continue delivering value for token holders (akin to an “early IPO”)

More firms are incubating companies as early-stage valuations rise. A few successes: • Snowflake ($49B mrkt cap) by Sutter Hill Ventures • Affirm ($6B mrkt cap) by HVF Labs • Hims & Hers ($1.3B mrkt cap) by... See more