sari

Our metrics of progress have continuously abstracted: from the tangible bushels of wheat in agricultural economies (with natural physical limits), to industrial-era efficiency metrics (units/hour, machine uptime), to the nebulous productivity measures of knowledge work. Each evolution has moved us further from human-scaled, naturally bounded... See more

The company, then, is a modern phenomenon, at least in the way we usually think of it. What seems so embedded and intractable today — the default for most new ventures ​​— is really just humanity’s latest attempt to solve the problem of coordination.

Fueled by economies of scale, the big got bigger. In 1958, the average company in the S&P 500 had been there an average of 61 years. Only the biggest brands could afford television advertising and endure costly funnel inefficiencies. As Charlie Munger, Warren Buffett’s longtime business partner observed:“In effect, if you didn’t have a big volume,... See more

They upped their social media, audience development, and SEO game

Tokens are what you get when you combine a target metric with a built-in incentive: you get an incredibly powerful mechanism for motivating people to do things! This power is why tokenomics is such a promising field and why so many protocols are using tokens to coordinate their communities.

Shifts in media distribution are changing society. I, like many, am concerned about the consequences. Our dialog was more civil and the country was easier to govern in before times. We will look back at the era of mass media nostalgically for sure. It feels like a fork in the road, either we find a set of rules to better govern this decentralized... See more