sari

Then there's the supper club model, which a group called DinnerDAO is currently testing out in cities like New York, Los Angeles, and Portland. Members purchase an NFT, and the proceeds are pooled into a treasury that pays for an eight-person group dinner. Anyone can buy-in, and everyone receives an equal vote in deciding which local restaurant the... See more

Ultimately, legitimacy derives from trust: trust that the governing order is just, trust that agents establishing and enforcing that order are doing so in the interest of the greater good. Legitimacy crises happen when that trust is eroded—when the governed no longer believe that those in power are exercising that power with the collective good in ... See more

As with everything in crypto, early participants are disproportionately rewarded. There will be diminishing returns -- the 100th company to buy a CryptoPunk or Bored Ape will get a fraction of the press and attention that the first does.

Moreover, even though many blockchains claim to be able to handle thousands of transactions per second, aka TPS, this metric does not take into account the storage properties of the application at hand. There is a big difference between 50,000 DeFi transactions, which may generate zero bytes of new state data, as opposed to 50,000 social transactio... See more

Content products talk to humans, while software products talk to computers. That’s why the value of content decays faster than the value of software. And it’s also why software is the better business.