Centralized companies own our data and can use that data to inform or optimize their platform for engagement. But no entity or person owns the data at decentralized companies. Decentralized companies achieve this by using smart contracts, or programs stored on a blockchain that run when predetermined conditions are met. These smart contracts are... See more
There is a substantial case that blockchain and distributed ledgers represent an important innovation that will make the economy work better. What the ultimate wealth creation happens to be, I can’t pretend to judge. Fundamental innovations like the internet led to era-defining wealth creation. Fundamental innovations like alternating current were... See more
At the heart of the story of how the internet broke the media business model is the simple fact that the internet was not built to facilitate the flow of money. Payments weren’t built into the internet’s infrastructure—it was considered too risky. Marc Andreessen called this “the original sin of the internet.”
When the Industrial Revolution made it possible to live lives without physical exertion, going to the gym became necessary to stay fit. Equally, now that the AI Revolution has made it possible to live without mental exertion, we need the mental equivalent of gyms to stay sharp.