sari

When the playing field is leveled such that the only content is what people are able to produce themselves, the major advantages that celebrities have disappear: access to professional production resources and distribution through traditional gatekeepers. The remaining differentiators are entertainment value and fun.

In a lot of ways people can be split into aimless and not-aimless like this. I think humans are at their best when they are reaching towards something. It doesn't have to be practical or noble necessarily, but something about the reaching itself seems to be required for people to flourish.

Steering wheel mindset may even help us discover the magical place where what only you can do meets what the world needs. I think what most people, especially hyperagents, really want is reconnection to purpose . It’s immediately obvious when you meet someone on the right path for them. They become less comparative, less acquisitive and less anxiou... See more

Algorithmic stablecoins paying eye-watering yields had all the classic red flags. TerraUSD offered 20% returns on a coin pegged to the dollar (and therefore optically low risk), via protocols like Anchor or startups like Stablegains. The protocols ostensibly created revenue to pay this yield via lending out the funds to eager borrowers. However, th... See more

In Q1 2022 Meta made 99 cents of free cashflow per daily active user. But sure, we should be paid for our data.

Normally on a CEX like Coinbase, they own the supply of tokens and they collect all the trading fees. But on a DEX, anyone can add liquidity and earn a share of the trading fees. On Sushi for example, 0.25% of every trade goes to the liquidity providers.