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Danny Meyer the restaurateur has called ABCD: “always be collecting dots, so that you can always be connecting dots.” Dots or breadcrumbs, if your whole life is oriented around that collection, which mine is, then you're always preparing.

Many Substacks are doomed to hit a wall at a relatively small number of subscribers. The reason I believe solo Substack warriors will be relatively few is I don’t see many journalists having the stomach for the marketing and audience development that’s needed -- and they don’t have the expertise.

Most (if not all) governance mechanisms in crypto today revolve around some sort of implementation of the one-token-one-vote concept, akin to token-weighted direct democracy or shareholder democracy.

From this perspective, it doesn’t matter how easy you make accessing ‘the blockchain,’ if for most people there’s no imminent imperative to do so. On the other side, enthusiasts might argue that onboarding problems are being slowly but surely solved by the crypto community, and that no dramatic simplification, no ‘dumbing down’ from outsiders,... See more

But many media publishers fall into a common trap. They discover a new audience source. They learn how to exploit it better than others. They then become addicted to the distribution. They assume the easy traffic will always be there.