sari

On that note, I’m bullish that we will see a surge of new co-branded and private label credit card launches in 2020. This will be encouraged by two trends:

Again, the deep problem here lies less in the specific actions that are possible within the Facebook UI, but in the basic fact of presenting an environment of radically simple (or complicated) choices rather than complex ones. Of replacing choice with selection.

Memes took lottery culture to new heights. Stocks popular among a retail audience, like Apple, have historically traded at higher multiples than others in their category. Tesla accelerated the divergence between retail excitement and fundamentals: TSLA revenue grew 50% over the past two years, but meme culture helped its market cap grow by 12x.

So to summarize, there is so much that DAOs could be building, but no one is stepping up to lead teams and contribute because the incentives are weak or nonexistent. As a result, products move slowly, teams don’t grow, and existing DAOs risk being replaced by new teams that move faster. And in tandem, protocols have stupid amounts of money that... See more