Existing systems of decentralized network governance differ in two defining aspects: (1) whether rules around implementing changes to the relevant software protocols are included in the software itself; (2) the level of formalization and institutionalization of off-chain governance.
Education is positive sum—when I learn something, I can share with others.
But Harvard etc are zero sum—the more people that go, the less valuable the credential is.
While its CEO wouldn’t give any actual subscription numbers, several publishing partners confirmed that they hadn’t yet seen any meaningful revenue from the service. Salon’s CRO stated that Scroll only generates “a handful of dollars every month.” One anonymous publisher said they’d only received a few hundred dollars total.
Before the internet era, most of our discovery problems involved only a handful of options, so simple approaches such as “research all the options” or “ask peers for recommendations” usually provided reasonably good outcomes, reasonably quickly. Fast-forward to today, and our discovery problems typically involve thousands or even millions of... See more
You exert your will to choose something bigger than yourself at the outset of a commitment, but because it is bigger than yourself, what it eventually asks of you is also bigger than your original choice.