People working at these platforms are more and more conscious of the fact that they can have tremendous negative impacts on society, and so they need to design the way they recommend and reward content carefully, and I think it’s likely that giving over some of the power to do that to the users of the platform could have wide-ranging positive impac... See more
History is definitely repeating itself with web3. We've already seen repeats of history in a lot of ways: projects being exploited for failing to follow what are normally the most fundamental software security practices, or people falling for fraudulent schemes that have existed for ages but have been adapted to use web3 technology. I think a lot o... See more
💼🔂 A Brief Memo on the B2B2C Model 🔂💼
B2B2C business models, where a startup sells to an enterprise with the intent that the enterprise sells to consumers can be a power strategy.
It’s also a dangerous approach for startups that can lead to total disaster.
Here’s why:
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The move to agriculture resulted in the emergence of property. Before that, there was no sense of private property since there was no need. But when you spend a year growing a field of corn, you don’t want someone else to come along and eat it.