But the college bundle has always more than the sum of its individual parts. In COVID era, colleges are forced to unbundle, so now college is competing with other unbundled alternatives.
But the bigger point is that social tokens turn fleeting fun-and-play communities into long-lasting fun-and-work communities because social tokens turn communities into economies.
Every once in a while, I meet a person who radiates joy. These are people who seem to glow with an inner light. They are kind, tranquil, delighted by small pleasures, and grateful for the large ones. These people are not perfect. They get exhausted and stressed. They make errors in judgment. But they live for others, and not for themselves. They’ve... See more
Layer Two: The access readers have to each other. A Media Operator doesn’t really have this yet. I offer comments, but by and large, people don’t feel inclined to participate here. I’ll have to continue figuring out the right way to build this.
3. Amazon's moats come from strong demand-side businesses (Demand Generation and Advertisement) while Shopify's moats come from the supply-side (Platform fees)