sari

Over the past 50 years, the number of American malls grew almost twice as fast as the U.S. population, to the point that in 2015, the U.S. had 10 times more shopping space per capita than Germany. Such abundance makes no sense in the age of Amazon.

One of the key lessons of the Wisdom of Crowds is that we don't always know where good information is. That's why, in general, it's smarter to cast as wide a net as possible, rather than wasting time figuring out who should be in the group and who should not. This idea is well suited to the internet.

Web3 products have much more tangible constraints in that they're gated by the install base of crypto wallets. If you're building a DeFi app on Ethereum, your immediately addressable market is defined by the ~25M people actively using Ethereum wallets (although this is growing quickly).

From Squiggles to a cure for cancer, Apes to carbon reduction, Punks to saving the fishes.

Now imagine the impact open source could have if people weren’t just incentivized by status or high-paying jobs, but also by value creation via tokens.

Meanwhile, those who are only monetizing via $8/month per subscriber are forever chasing volume and leaving money on the table — not to mention the long-term benefits of community building.