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Every few years within the consumer ecosystem, new waves of distribution open. Businesses experiment with and exploit these emerging distribution channels, and then these avenues of growth become crowded and far less attractive for new entrants.

While freelancing offers the flexibility in individual lifestyle, individuals may not feel incentivized to invest in the long-term success of the collective. Traditional companies, with rigid hierarchies but abundant resources, make competing for attention internally exhausting for all participants.

But the catch was that this was never a sustainable long-term strategy, at least not for the purposes of promoting an open ecosystem. User-generated data is vulnerable to a family of sub optimizations such as Goodhart’s Law, in which using a “measure” as a “metric” devalues the measure itself. If you’re Google building PageRank on natural weblinks ... See more

Those are promising signs. On the other hand, the fundamental economics of the value-based arrangement still aren’t clear. If fee-for-service turns out to more profitable for both payer and provider, then value-based care won’t survive outside of Medicare Advantage. And there have been failures in the past, as cited above.

Our digital wallets and our social media accounts make us all collectors, and it turns our collections into capital traded in social, cultural and economic currency. Value of the Bored Ape Yacht Club NFTs collection is greater because design of its items are randomized.

“If you don’t have systems that allow you to draw new connections, it’s hard for those ideas to come into existence” – Conor White-Sullivan

FanFest — fan-led “Sports Center” pre-game, interactive talk shows