A number of monetisation models for open-source work have been put forward in the last decade, but none of them has been able to scale and solve the problem in a fundamental way. The reason being, open-source work is a microeconomic singularity — a paradox in capitalism that can’t be corrected with donations, cryptocurrencies, or freemium models. I... See more
While there are many similarities between blockchain industry and internet 1.0/2.0 industries, there are fundamental differences between them. These nuances will dictate how value will be created, who will capture this value, and what strategy is optimal to build or invest in the space. We believe there are three main distinctions to be made:
For most of my life I wanted things to go faster. Last week, I realized that now I want things to slow down. That change seems meaningful. I don’t know what’s catalyzed it—getting older, probably. Feeling that I’m finally headed in the right direction. Mindfulness? Whatever it is, I’ve noticed that the present seems more bearable.
I regret that second step: I want to believe that companies that produce truly great content will have negotiating power with Aggregators, because customers will want what they have to sell. And, in very limited cases, that may be true. Anything beyond the very best of the best, though, risks a Wirecutter-type fate: yes, the investment in content p... See more