sari

First, does the product have a network? Does it connect people with each other, whether for commerce, collaboration, communication, or something else at the core of the experience? And second, does the ability to attract new users, or to become stickier, or to monetize, become even stronger as its network grows larger?

Amazon guards its GMV closely, but we can estimate it using a "sum of parts" approach. We need to make two key assumptions. First, assume that Amazon's return rate for e-commerce sales is 15%, which is high for some categories (books, electronics) and low for others (apparel). That implies an e-commerce GMV of $12 billion [=$14b*0.75/(1-0.15)]. Sec... See more

Product is merit and distribution is connections -

My conclusion is culture is actually more important for decentralized projects than it is for traditional organizations.

It’s a lot easier to find and transform bits than atoms.

Three cases for why social tokens offer a whole new possibility for collectives to succeed in ways they never have historically:

A relationship should make you feel good basically all the time.