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While many will try to supplement knowledge gaps with crypto-native VCs/advisors who tout they can handle the tokenomics, in reality, the one-in-a-million game is going to be a result of crypto-natives working hand-in-hand with experienced game developers/economists to take a “player first” approach to solve difficult design problems.

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.

Here’s one way to think about the differences between the Internet and the Blockchain. The previous generation of shared protocols (TCP/IP, HTTP, SMTP, etc.) produced immeasurable amounts of value, but most of it got captured and re-aggregated on top at the applications layer, largely in the form of data (think Google, Facebook and so on). The... See more

Think of it as a spectrum. Things we dump into private WhatsApp group chats, DMs, and cavalier Tweet threads are part of our chaos streams - a continuous flow of high noise / low signal ideas. On the other end we have highly performative and cultivated artefacts like published books that you prune and tend for years. Gardening sits in the middle.... See more

Lesson to companies: Open source everything, compete on quality, services, and models.

Stress-related to education is the top cause of suicides among children in Korea

Like Excel, these products are simple enough that non-technical people can use them, but flexible enough that users will create with them in ways that the product’s creators can’t anticipate.