In a world where the amount of things you can speculate on is ever increasing - it’s more efficient to find the next airdrop than contribute meaningfully to a single project.
The result is a depleted treasury and lots of speculators, with no resulting impact on retention/growth.
I think that Facebook’s hard pivot into Meta is a good thing for us citizens of the internet, not because Meta is good -- this isn’t a value judgment piece -- but because the entire system is moving in a direction such that being a good actor is the value-maximizing strategy for Meta, and we could use its vast centralized resources to solve a lot o... See more
Taste figures much more prominently when it comes to Apple Music and other similar endeavors. The DJ-focused Beats 1 “radio” station, for example, is clearly intended to make certain songs popular, not simply identify popularity after it is already attained. This in particular is a natural fit for Apple, and is the part of Apple Music I am most int... See more
most Western social media apps must build a graph or die. This is because most of the most well-known Western social apps chose to interlace two things: the social graph and the content feed.