Gaming is expanding its reach into every part of our lives (education, medicine, music) and is becoming the foremost battleground for the future of big tech. This strikes me as analogous to the Facebook story from above. The market clearly believes video games represent a valuable opportunity, but may be underrating the scale by orders of magnitude... See more
So with BitClout, I have an identity on that blockchain that's publicly accessible to anyone running an open-source BitClout node. To continue with the example of LinkedIn, if they were to rebuild themselves on top of BitClout, and they were to write their entire users table along with all its endorsements to the BitClout blockchain, then that data... See more
The opening is emerging around NFT experiences, something we’ve been excited about for quite a while now. But not the NFTs that Sothebys sells for $69mm. Not even the CryptoPunk that sells for $7.5mm. But when a party emerges online that anyone is invited to attend and the 500 person group picks up a punk with a party hat and they all change their ... See more
Hamish McKenzie: On social media, posers are often given the most status points, and so we’re left with a misleading idea of authority; it seems the people who are loudest in their claims to be experts — the ones we hear from most on Twitter, Facebook, and YouTube — are the ones to be most wary of. When self-proclaimed experts are ultimately reveal... See more
Even so, it is highly improbable that Apple will do much more to be friendlier to platforms and creators unless the government forces them to. Why? They have a great business. Apple has a hardware monopoly over a specific set of consumers, and they’ve leveraged that into a monopoly on payments conducted on those devices.
Paywalls are the primary alternative for startups that cannot monetize with a commission. A paywall charges one side — either supply or demand — for access to the marketplace.
Rewards can deliver a short-term boost - just as a jolt of caffeine can keep you cranking for a few more hours. But the effect wears off - and, worse, can reduce a person’s longer-term motivation to continue the project.