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Now that we can start to measure the value that each node adds to a network, those nodes will begin to demand greater compensation for bonding to it. The concept of each node getting compensated for its worth to the network will eventually be built into every piece of software that is engaged in building a network effect.

One year since the best "job pitch" I've ever received. Lesson: Shoot your shot.

Despite its scale, Microsoft is one of the most overlooked companies in tech.It is not a beloved consumer brand like Apple, Facebook, Amazon, or Google.It was not a venture capital success story: Microsoft was too profitable to raise real VC money, so the founders owned 70% at IPO.It is the oldest of FAMGA, hidden away in a different state.

“There is much more talent to tap into than ever before, but in most parts of the world, we are screwing it up”

Part of the reason why “the best minds of [a] generation are thinking about how to make people click ads” is surely that they are properly incentivized to do so – DeSci offers the potential to radically alter how a new generation of great minds are incentivized to tackle major scientific and technological challenges.

When we first went to write this section, Stephen started to write about how obvious Clubhouse was in retrospect. But then when pressed by Alexey, Stephen realized that while live audio on an app might be obvious, the other aspects of Clubhouse’s implementation—rooms, microphone privileges, hand-raising combined with elevation to the stage, innovat... See more

The joint stock corporation expanded the group of people who had financial upside from just founders to founders and employees. Crypto networks will expand this from founders and employees to founders, employees, and users.