Sam Blumenthal

They are technically complex, but socially promiscuous in a way only much simpler digital things, such as plain text files or JPEGs, have been so far. As we’ve discussed, they’re also kinda content-free. They bear no necessary payloads, pointers, programmed affordances, or rights. All those things are optional extras. The NFT itself is just a token... See more

Bitcoin is currently not a medium of exchange other than in a few niche cases. The declining number of Bitcoin transactions per day and the spikes in execution costs bear no resemblance to any functioning fiat currency. As a result, a Bitcoin valuation thesis based on it being used as a medium of exchange makes little sense, at least as Bitcoin... See more

In the second phase, the Tipping Point, usually the growth efforts to focus on a set expert skills to scale rather than explore. If you are working on a product in real estate that competes with Redfin, the expert skill is probably figuring out how to capture high-intent traffic — like SEO/SEM. If you are working on social apps, it’s probably viral... See more

In livestreaming e-commerce, however, AI hosts are still new players, according to experts from e-commerce platform Alibaba.