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In early 2019, for example, the founder of the Shanghai electric-car company NIO transferred 50 million shares into a “user trust.” While the founder retains voting rights over the shares, the trust enables its members to help decide how to use a portion of the company’s eventual profits. This was not an act of charity; in the disclosure documents,... See more

Everything in the world is getting better but the amount of hate and polarization is on the rise.  “Everything’s amazing and no one is happy” – Tim Urban quoting Louis C.K

-Ossification - Network effects strengthen value and push the protocol to converge around specific functionality and narrative.

Positive and negative externalities: "Environmental costs are classic externalities—invisible to the feedback loops that the system understands and that communicate to its users as incentives ... the challenge of funding"public goods" is another example of an externality - and one that threatens the sustainability of crypteconomic systems"

As the internet evolves, especially for us “very online people,” there’s a deepening sense that we are, together, becoming something beyond the scope of our original intentions. We are rapidly approaching a sum far greater and more mysterious than what we often perceive as its cold, mechanistic parts.

While we conventionally think of ourselves as “u... See more

One of the key lessons of the Wisdom of Crowds is that we don't always know where good information is. That's why, in general, it's smarter to cast as wide a net as possible, rather than wasting time figuring out who should be in the group and who should not. This idea is well suited to the internet.

In the present incarnation of the web, all these separate users tables enforce a specific kind of interoperability architecture even on apps that want to be fairly open with their own user data. Specifically, everyone's proprietary user data sits behind an API that any third-party app has to call if it wants access.