“My whole life has been spent trying to teach people that intense concentration for hour after hour can bring out in people resources they didn’t know they had.”
— Edwin Land
For entire broad categories of software, if an application doesn’t recognize that people hold inventories, it won't be compelling to users. As we move into the future, more people on the Internet will be accumulating their own inventories of digital objects and won't want to spend time in software that forces them "start over.”
But NFTs don’t just provide a kind of digital “deed.” Because blockchains are programmable, it’s possible to endow NFTs with features that enable them to expand their purpose over time, or even to provide direct utility to their holders. In other words, NFTs can do things — or let their owners do things — in both digital spaces and the physical wor... See more
NFTs can make fractionalized ownership more accessible, so if there is a valuable item that otherwise wouldn’t have been accessible for someone to own, now they can own a piece of it. Custody of a physical item still requires a trustworthy custodian, but being able to issue, hold, and trade it as a cryptoasset unlocks more use cases. One can also c... See more
So you have to be careful and you have to be very attentive about how you build your company and how you add different product lines over time. And make sure the incentives align, not only for you as a business but also for your users. And I think we've kind of seen sort of at Facebook, if you look at their user growth in the US, which is where mos... See more
A clear mind leads to better judgment and better outcomes. A happy, calm, and peaceful person will make better decisions... So if you want to operate at peak performance, you have to learn how to tame your mind.
Basically, when you’re competing with people it’s because you’re copying them. It’s because you’re trying to do the same thing. But every human is different. Don’t copy.I know we’re mimetic creatures, and René Girard has a whole mimesis theory. But it’s much easier than that. Don’t imitate. Don’t copy. Just do your own thing. No one can compete wit... See more