Decentralization is valuable when it lets you do new things fundamentally better, not old things fundamentally worse. Web3 advocates are trying to pick a fight with the most beloved products in the world while handicapping themselves with decentralized architectures. If you want to win a fist fight, you probably shouldn’t choose the strongest guy i... See more
It’s unshareable, prescriptive, sluggish, cumbersome and unfriendly. Quibi’s unwillingness to borrow anything from social networks makes the app feel cold and isolated, like watching reality shows in the vacuum of space.
Another example of a contemporary cooperative is Associated Press. Because it’s a cooperative owned by members of various news organizations, it is very much invested in supporting small news outlets because of its membership model. Nobody accuses AP of spreading “fake news” — its cooperative incentive structure results in factual, reliable informa... See more
Genopets is pioneering what’s called “move-to-earn” gaming, essentially integrating how active you are in the real world with play-to-earn economics so you can earn crypto in the game. Your activity—captured through a wearable device like a Fitbit or Oura—earns you QI, the in-game currency. You can then use QI to buy food and clothes for your Genop... See more