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Using pseudonyms online, in social media, and crypto transactions. If the governments’ databases get hacked, all our private online information could be made public. It will become less common to have your real name publicly online. You can still build up a reputation with a pseudonym. But your physical person can’t be canceled or damaged

Instead, value intangible assets even if the company doesn’t. How much is Lululemon’s brand worth? How much are Facebook’s network effects worth? How much is Costco’s customer loyalty (earned through investing in lower prices) worth? None of these appear on the financial statements, but they are core value drivers for these businesses.

Teams need leaders, visions require visionaries. However, the central organization creates the context in which leaders get the best from their teams and remain accountable for outcomes. This is difficult to replicate with software.

What else can you do with Zora? You can buy and sell, of course. The vibe is “cool internet art gallery”. You find an object you like, place a bid, and, if you win, your name goes in the ledger. You can keep the object forever, luxuriating in its aura, or you can sell it again.

However, the companies that benefited the most from these improvements aren’t the underlying technology providers – it’s the affiliates themselves. Credit Karma and Honey are the two headliners (both were acquired earlier this year), but other successful companies leveraging an affiliate marketing model include Ebates (acquired for $1B by Rakuten... See more

A jpeg promises a jpeg, sitting in the static 1s and 0s of the present. But a social token promises whatever opportunity people want it to signify. As Tina He intimates above, a social token is literally the right to a dream.

To maintain the absolute highest standards is always costly — one of the reasons manners are an honest signal of wealth.

But are online course customers actually getting results?