A continuous process allows new participants becoming important parts of the ecosystem (participating in new products, governance, etc.) to also be able to capture the similar benefits as legacy users. Lets not punish those later than us on a binary scale, especially if they are coming late and adding more value. You want users who bring the most v... See more
Over time, I believe the internet-native version of a trophy case and a walk-in closet will be collections of NFTs that commemorate important on-chain activity.
The “Ethereum is a payment network” narrative suggests the lowest network value, with a market capitalization below $1T if there is fee compression over time.
the U.S. Food and Drug Administration was set up to regulate Merck and Pfizer, not 1 million biohackers; the Federal Aviation Administration was built for Boeing and Airbus, not 1 million drone hobbyists; and the U.S. Securities and Exchange Commission was created to go after Goldman Sachs and Morgan Stanley, not 1 million Web3 developers.
One of my favorite examples of TAM’s irrelevance is Etsy. Early on, our peers were thinking, “How big could arts and crafts possibly be? I go to farmers markets, and maybe two or three people are polishing wooden bowls or selling earrings they’ve made in their free time. How many of those folks are there, and how many will actually use something li... See more
Danny Rimer’s most contrarian, high-conviction opinion
Years of executive churn likely contributed to Vine’s failure to make money. For a while, brands were happy to pay Vine stars directly to make ads and share them to their millions of followers. But after Snapchat and Instagram grew into hundreds of millions of daily users, marketers’ interest in Vine dropped significantly.
Patrick Higgins: We no longer basically have the right to resell media that we buy, if we buy it in a digital format instead of a physical format. We no longer really have the unrestricted right to repair our physical devices if they've got software involved, versus previously. And so where our rights have been diminished there, I'm interested in t... See more