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For creators with an existing audience, launching a DAO or selling NFTs might be fairly straightforward. But what if you don’t yet have an audience? The major benefit of centralized social apps is that they aggregate consumer attention.

In the short term a 1-of-1 purpose will almost always fail. Every day is yet another moment that people didn’t follow your vision and the world failed to transform according to your ideas. The failures are literally limitless.

With a longer view, however, this process looks different. Eighty straight days of struggling in the darkness can produce on... See more

“The most important outcome of the pandemic wasn’t that it taught you how to use Zoom, but rather that it forced everybody else to use Zoom,” Autor told me. "We all leapfrogged over the coordination problem at the exact same time.”

Ideas will help us if we help them. This is why the growth of knowledge depends on certain moral values—freedom, openness, honesty, courage, tolerance, and humility, amongst others. Those cultures that respect these values provide ideal habitat for ideas, and where ideas thrive and multiply, so do humans.

The challenge we’ll have in the West is understanding whether this is accelerating offshoring and farming out white collar work to the lowest cost bidder. Will DAOs worsen the poor labor dynamics that already plague other marketplace providers in the gig economy?