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However, even if token value was perfectly aligned with network value — the way that a company’s stock price is aligned with shareholder value — token value still fails the second criterion for a good performance metric. Blockchain platforms should not rely on token value alone to generate participant incentives for the same reason that employers... See more

And even with Amazon, Amazon really is a logistics company, I mean the core product for consumers isn't really that great. I don't know of anyone who opens up Amazon and says, "Wow, I love ordering things here, the experience of using Amazon is so much fun." I think the experience that people like is the quick shipping. I mean they built out that... See more

However, this greater time spent thinking also causes experts to be more rigid and dogmatic in their thinking. This combined with the ivory tower that experts can sometimes live in can result in them completely overlooking important, left-field new ideas.

We often see turnover in content brands that’s caused when new brands discover something important that younger audiences want, but is incompatible with the values of the incumbent brand. The incumbents can’t copy the startups’ content, or they’d make the product worse for their existing customers.