sari

While Web3 has the potential to reimagine how we use the internet, it also raises thorny issues around privacy, user experience, and how much control users truly want. 

Naval: "Today the frontier is on the internet and even on the internet, the frontier is within Web3 and crypto because it’s sort of the least regulated the most decentralized, most permissionless, 24x7x365 markets that are self-funding hackers from all around the world."

It had its thesis right. People don’t care about big brands as much as they care about ingredients. They love a good price. If you give people what they could trust at the price they can afford, there is a big company to be built.

If anything, the success of DAOs has served to exacerbate the tendency towards entity thinking, due to the fact that many DAOs have treasuries that are out of all proportion with the current value that exists in their networks. This distortion makes it almost impossible for a DAO’s treasury (as a centralised asset) not to have an outsized... See more

Zooming out: great communities, in the traditional sense, required limited options so people would remain dependent: no specialists or external trade (to ensure we all collectively worked together), and no diversity or weird ideas (to ensure a homogenous group with a focus on tradition). We had far worse medical treatment, underwent excruciating... See more

this is so cool

This is a deep, deep topic, so the simple thing I’ll emphasize here is a cryptoasset is used as the incentive layer to tie the suppliers, distributors and consumers together. While the rules that drive a cryptoasset’s value can feel similar to a profit-driven business, if you look more closely they are typically providing the incentive to connect... See more