sari

Over the centuries, people have invented many different kinds of machines that help us do things and improve living standards. But in a very general way, what most of these inventions do is let us substitute some form of power for human effort. And as long as we were totally ignoring the costs of burning coal and oil, this was a great mechanism for... See more

The pitch is simple. “They get to feel good about themselves. They get to diversify the revenue. And they don’t have to take a financial hit because we’re able to deliver the sales that they want.”

in order to make a man covet a thing, it is only necessary to make the thing difficult to attain

Asset owners (or custodians) generate private keys, sign messages indicating asset transfer, and then broadcast those messages to the public so that the world can verify the scarce asset hasn’t been double spent. Each private key is tied to a public key. Where KYC/AML are necessary, public keys can be mapped to some off-chain identity system (e.g. ... See more

Beyond an erroneous belief that e-commerce was unprofitable which kept them from investing in e-commerce, brick and mortar retailers struggled online for cultural reasons.

Perhaps in the end the open-source culture will triumph not because cooperation is morally right or software ``hoarding'' is morally wrong (assuming you believe the latter, which neither Linus nor I do), but simply because the closed-source world cannot win an evolutionary arms race with open-source communities that can put orders of magnitude more... See more

When we understand the structural shifts in our industries we can understand the second order impacts of them that ripple down to the business models and companies that thrive. And many of them rhyme more than we think.