This point cannot be emphasized enough: the Internet is the single most disruptive1 force of our lifetimes because it does not evolve existing ways of doing things, but completely smashes the assumptions underlying them — assumptions we often didn’t even realize existed.
Consequently, this late in the game Medium almost has no choice but to pivot into the #4 locus of value described above: “niche focus on the demand side [like] products and services that specific consumers use to accomplish specific jobs.” Thereafter, monetization is simply a question of: ‘what can we offer that’s scarce and who wants access to it?... See more
As our financial freedom increases, governments won’t have any choice but to treat us more like customers, and less like victims of an organized crime ring.
Even category-defining influencers face these hurdles. Many lack access to credit, loans, and a business bank account. Some float five-figure sums for production costs on PayPal. Others are unable to prove income requirements to secure a lease. What’s more, the metrics that define a sustainable digital business – subscription growth, audience engag... See more
Because the fact is we encode our biases into data, into algorithms, into technology as a whole. So as we develop an increasingly machine-driven future, we need to encode machines with the best of who we are. And in that way, infuse the future with our brightest hope, our most egalitarian views, our most evolved understandings.