The community needs to be small first to work when it gets really big. That’s what makes Axie hard to copy -- if you build a competitor now, you’re going to attract the kind of people who want to find the next Axie, not the kind of people who are actually interested in moving gaming forward.
Who we follow has a disproportionate effect on the relevance and quality of what we see on much of Western social media because the apps were designed that way.
I love that sentence, “I’m an agent of chaos!” It’s so much more powerful than “I’m hopelessly disorganized,”
People will struggle to structure their time now that virtual activities carry more social weight than they did in the past. IRL hangouts have more tangible controls and barriers to entry that prevent people from engaging endlessly, and physical anchors that help form habits and routines. Without that, people are going to either burn out or quickly... See more
This is the area where we hope to make a contribution with Substack. While the attention economy generates power from exploiting base impulses and moments of attention, a healthy information economy would derive power from the strength and quality of relationships that are built over time. The strength of these relationships would depend on the wri... See more
The value chain for any given consumer market is divided into three parts: suppliers, distributors, and consumers/users. The best way to make outsize profits in any of these markets is to either gain a horizontal monopoly in one of the three parts or to integrate two of the parts such that you have a competitive advantage in delivering a vertical s... See more