What good is it to have all of the world’s knowledge at your fingertips if you don’t have the bandwidth to prioritize it, or the expertise to know if it is competent? At one time we had a scarcity of information, but today our attention is in the midst of a massive DDOS (distributed denial of service) attack.
The most successful projects will inevitably be those that leverage the full functionality of this new asset class to produce products and services that generate the most utility for the widest set of stakeholders.
Once all this identity data has been recorded on-chain, we’ll need systems in place to map and interpret it so that it makes sense to the wallet holder and those they interact with. Since wallets are also used for mundane content storage and transactions, this task is especially challenging: wallets accrue a lot of noisy data.
Another idea is that the internet is changing our preferences — we’re getting more interested in either exactly what we want, or whatever’s most frictionless. Aggregate or specialize. In other words, give people everything they want or the one thing they need. Everything in the middle gets slaughtered.
In other words, marketplaces are harder to get off the ground, but easier to scale, while e-commerce businesses are easier to get off the ground, but harder to scale.
What’s more, many areas of the world are just now getting more industrialized. Economies are booming. Overall, this is good news. It means more people are being lifted out of poverty and becoming wealthier. But as these countries begin to take steps toward improving their infrastructure and building thriving cities, they’re picking up the same tool... See more
One idea suggested by Royal is that the label’s opinion — and the radio station’s — is about to matter a lot less. All of a sudden, if you can grow a big enough social following, you can make a living off whatever music makes you happiest. This is somewhat true today, of course, but primarily to musicians who can live off touring and streaming reve... See more