sari

One of my favorite cases about the power of incentives is the Federal Express case. The heart and soul of the integrity of the system is that all the packages have to be shifted rapidly in one central location each night. And the system has no integrity if the whole shift can't be done fast. And Federal Express had one hell of a time getting the th... See more

Outside of crypto there are other experiments that have been run. Like Mike Merrill, this guy who literally securitized himself so shareholders can vote on life decisions that he makes. Also Spencer Dinwiddie (a star player on the Brooklyn Nets), who is issuing a bond based on his future NBA earnings and sponsorships, kind of similar to [David] Bow... See more

It’s also interesting to note that the real world is intrinsically warren while the online world is intrinsically plaza.

There are significant gates on joining Facebook the company, and no gates whatsoever on joining Facebook the social network. To join Facebook the company, you need to pass a series of challenging interviews and then operate within an explicit hierarchy towards a leader-defined purpose. To join Facebook the social network you need only a pulse, and ... See more

Facebook has on the order of 10,000 designers and engineers working on AR/VR. They are making a massive investment, and it appears to be working. The only other plausible contender right now is Apple. There are rumors they have a serious effort, but they are ultra secretive so we don’t really know. Google and Amazon don’t seem to be investing in AR... See more

The market for consumer productivity apps, which spurred companies like Dropbox and Evernote to multi-billion-dollar valuations, has proven to be mostly a mirage. Businesses are increasingly happy to buy software for their employees; people are often loath to buy software for themselves. And for all it did right, Mailbox never became anything more ... See more