sari

Benkler’s key addition in “Coase’s Penguin” was a framework for understanding why and when groups of individuals motivated primarily by the cultural significance of their work can be more efficient than markets or firms in the allocation of creative effort. In other words, how the web creates an environment where massively valuable projects like Li... See more

produce the highest quality merchandise, but they also have to become the shunt between the frontline of human ingenuity and our experience as consumers.

To do this, we'll introduce a concept called a mirrortable, an on-chain representation of a traditional capitalization table. A mirrortable is to a cap table what a stablecoin is to a fiat currency. That is, the on-chain version provides 24/7 uptime, international wallet support, and integration with smart contracts, while the off-chain counterpart... See more

But the opposite is also happening; entrepreneurial minds who have built businesses at established companies or on their own are also choosing a path to become creators themselves.

Algorithmic management is already here, and it reduces transaction costs to the absolute minimum. I know this because I lead teams whose primary goal is to reduce this friction: we optimize steps in onboarding flows to allow people to start working faster, we add pay boosts to orders when we need to get them accepted quickly, we incentivize high-qu... See more

The number of people who are willing to start something is MUCH smaller than the number of people willing to contribute once someone else starts something.