The world is controlled by people with the skillset to succeed under capitalism, so it’s hard for them to understand other people’s despair because the system has been perfectly fine for them. Most people who say they dream of socialism are humanities-oriented and aren’t economists and technologists. Politicians either advocate for actions that... See more
So to summarize, there is so much that DAOs could be building, but no one is stepping up to lead teams and contribute because the incentives are weak or nonexistent. As a result, products move slowly, teams don’t grow, and existing DAOs risk being replaced by new teams that move faster. And in tandem, protocols have stupid amounts of money that... See more
we've yet to convince the public that crypto is more than just a "currency." In fact, most crypto isn't even a currency anyway — it's gas for a protocol, a utility for a specific ecosystem with no intent of ever being money.
By combining the incentives of patronage, profit & collectibles, we can create a new tradable asset class that supports the funding of the commons. In addition to supporting artists and open source communities, this idea can be utilized to save our fragile planet from the ongoing effects of climate change.
Many Substacks are doomed to hit a wall at a relatively small number of subscribers. The reason I believe solo Substack warriors will be relatively few is I don’t see many journalists having the stomach for the marketing and audience development that’s needed -- and they don’t have the expertise.