We tend to think of status symbols starting at the top tiers of society (among the glitterati and trend setters of high society) and then trickling down to the rest of society. But a new trend seems to contradict this pattern. Instead of adopting a new luxury product or embracing fresh high-end tastes, an increasing number of prestigious brands and... See more
The most critical path towards sustained growth is through Learning Cycles. Each time the cycle iterates, the outcome is improved. The faster the cycle iterates, the more dramatic the improvement is over time.
Lovevery’s product positioning helps them target people other than parents with a low-risk gift. Since each toy is designated with an exact age range, the product line fits perfectly for birthday gifts—relatives don’t necessarily know what gift is appropriate for a two-year-old, so gifts that are vetted as perfect for that exact age feel safer.
In the following paragraphs, I will first argue that the current cryptocurrency market is extremely hostile to the cultivation of token-based DAOs, and then point out a huge flaw that’s intrinsic to token DAOs, and finally provide solutions that will not only help DAOs grow better & faster, but also get rid of the ludicrous idea that the rich shoul... See more
Developers also didn't have to worry about the technical details of cross-platform support. A game written in Flash 20 years ago is still playable today, while games written for iOS or Android require regular updates to keep them working on new phones.
Put simply, what the explosion of truth did was expose the superficiality of existing media institutions, create a "public" that could challenge the elites directly and create platforms for individuals to effectively become legible institutions and develop one to many relationships.