sari

12. If you could wake up tomorrow having gained any one quality or ability, what would it be?

Focus on finding “your people.” Instead of launching with a TechCrunch feature or a tweetstorm, Armstrong posted announcements on Tumblr (where Coinbase’s blog lived until 2016), Hacker News, and Reddit - places where his target customer spent a lot of time! Reddit was a particularly important acquisition source, as the early crypto community congr... See more

-We can take context from one app to another, which creates a shared pool of state online. However, in web3 world, because the context is at the wallet-level, which is global and not tied to any specific piece of software, anything that happens on-chain is shared with everyone. Let's say that REI wants to create a limited edition tent that is speci... See more

-Payments (macro and micro): So long as cryptocurrencies require their users to have impeccable key management, blockchains can’t solve the peer-to-peer payments problem. Parallel to this, many economies are making big leaps forward in the ease of traditional payments. Look at Venmo in the U.S., M-Pesa in Africa, or AliPay and WeChat Pay in China. ... See more

For resilience in the future, restaurants are going to need to master takeout and delivery. The problem is those delivery startups like DoorDash, Grubhub, and Skip the Dishes take up to 25% of a restaurant's revenue. Restaurant profit margins are already razor-thin (3%-5% is normal). It's predatory for venture-backed delivery companies to be taking... See more

However, you have to decentralize the economy at the same time. Having an American dream is good, but if it's only a dream — people will wake up eventually. You need to give the opportunity to the average person. You have to decentralize your traffic model. Give all users satisfaction in creating content and create a middle class.

Though the data from such experiments are not fully available for public scrutiny, the evidence suggests that content-feed tweaks more easily generate negative emotions (e.g., vanity or paranoia) than positive ones (e.g., optimism or self-esteem). This is why social media is such a tempting tool for psychological warfare: It can be used to poison a... See more