sari

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The result is very harmful. It’s bad enough that some cable news stations and social media sites deliver only one side of the argument on many issues. But increasingly, they provide “alternative facts” that allow Americans to inhabit different realities. This leads to further polarization and to hostility toward those with whom one disagrees. It... See more

I recognize that many people in web3 see low take rates as a good thing. I do not. I am of the controversial opinion that businesses exist to make money and businesses that can simultaneously have high retention and high take rates are vastly superior.

Here’s another important callout that is very different from equities: tokens should be more valuable to network participants than they are to purely financial holders.

Question your maps and models of the universe, both inner and outer, and continually test them against the raw input of reality. 

Musicians are early adopters of tokens given the industry’s predatory economics. Some artists have innovated in new ways: the Grammy-winning artist RAC launched $RAC last fall, powered by Zora protocol. Fans can’t buy $RAC; they can only earn it. RAC distributed $RAC retroactively to fans based on their fandom—whether they’d been a Patreon... See more