Keynes defined investment - he called it “enterprise” - as “forecasting the prospective yield of an asset over its entire life.” He defined speculation as “the activity of forecasting the market.”
A relationship, notably, is not an algorithm. It is a gestalt. Far be it from me to say that I’ve figured out what relationships really are or really mean, but I know there is an intangible force formed between the centres of people that sits beyond the limits of interpretation, that is larger than itself and both of you, that cannot be explained s... See more
Large scale manufacturing is between 1,000% to 10,000% harder than making the prototype. “This is something that the average person really has no idea about whatsoever.
Here’s how it works: On August 8th, 2021, Punk4156 and his team deployed a smart contract to the Ethereum blockchain that randomly generates a new NFT digital avatar (called a Noun) every 24 hours and auctions it off to the highest bidder. 100% of the auction proceeds get sent to a community treasury that is controlled by Noun owners. One Noun = on... See more
“Decentralized” is spreading to unexpected places: Taking a step back, the traditional model of central owners of community-powered utilities (marketplaces, app stores, etc.) taking a percentage of everything (and central “bosses” for huge teams insisting on reviewing and approving everything) may finally be getting old