sari

Peer-to-peer networks are good at destroying but they are not necessarily good at building.  The internet is very good at tearing down hierarchies but it has not yet proven its ability to build governance systems.  You can build peer-to-peer networks, but can they take power and serve the productive roles that the hierarchies used to serve?  Can... See more

When money is used as an external reward for some activity, the subjects lose intrinsic interest for the activity.

Residential real estate is a massive market ($1.6 trillion annually) with low customer satisfaction and an inconsistent experience (28% of realtors do the job part time). Opendoor’s model has five tailwinds at its back:

More broadly, it is essential to expand access to sources of on-chain reputation. At present, crypto tends to skew affluent, male, and white. If the playing field for building on-chain identity isn’t leveled, this new source of reputation will accrue primarily to the already privileged, exacerbating existing social and socioeconomic divides.

Some problems are best solved orthogonally. How do you build a fair on-demand pay company? Clair decided to start by building a digital banking platform. Although Clair is not a bank, this unorthodox choice has proven savvy. The company monetizes by adding value, not extracting it.