And a lot of these questions trade off competition, and the user benefits that result from that, with simplicity and ease-of-use, which are also user benefits (that network stack again).
The first lesson from Tesler’s law of the conservation of complexity is that how simple something looks is not a reflection of how simple it is to use.
What distinguishes the talented person who makes it from the person who has even more talent but doesn’t get ahead? Look at the aspiring actors waiting tables in New York, as an example: Many of them are probably no less gifted than stars like Robert DeNiro and Susan Sarandon. Part of what constitutes success is timing and chance. But most of us ha... See more
Reddit offers premium memberships that cost $5.99 per month. The Premium subscription hides all advertisements on the site and gives access to an exclusive subreddit called r/lounge. It also gives users 700 “Coins” per month, which can be gifted to other users as a reward for posting comments a user likes. A quick look at SEMrush shows that r/loung... See more
Within a true PLC, the community enhances the consumers’ experience with the product and helps them reach their desired outcome in a faster, cheaper, more enjoyable, or more accessible way. Community can also be a competitive advantage for startups as they build and improve their products.
any digital place evokes certain feelings, emotions, mood
cold? warm? corporate? homely? serious? silly? all of it? none of it?
and all these things are extremely subtle
and each idea can be executed in a myriad of ways
and it's this emotional part that differentiates them
In addition to the fact that barriers to entry are still a bit high for non-technical folks, it seems like there’s not much incentive for the average person to care about participating in web3 right now. Yes, there’s been a lot of mainstream attention on cryptocurrency and NFTs as an investment, but combined with its high-risk, that hardly seems li... See more