sari

Here’s another important callout that is very different from equities: tokens should be more valuable to network participants than they are to purely financial holders.

Censorship is the removal of things already created and triggers massive uproar. But the hidden and the much larger impact of siloed control is the gatekeeping on innovation: the suppression of things that could never be created in the first place.

While we may be willing to pay more for something that is environmentally friendly, the ultimate goal should be for sustainability to be accessible.

Many concepts that sound good on paper are infeasible to implement, or simply don’t produce the expected results. It’s frustrating when that happens, of course, but the pace of experimentation and learning at a startup is unparalleled. I think this is an especially important form of rigor for theorycels like me. Building product forces a different... See more

In the age of mass media, companies only needed to compete with one another to win attention. Ad space on TV, radio, and print was only affordable for deep-pocketed corporations. Individuals, meanwhile, rarely had the means to outbid companies to get noticed.

A hyperstructure can simultaneously be free to use and also extremely valuable to own and govern. This is a familiar value model that we observe for NFTs: the media can be universally free to consume, yet valuable to own and control as an individual or group.

This behaviour has been greatly exacerbated by the advent of a new and even more disruptive digital music technology: on-demand streaming. While iTunes was technically innovative, its business model was not.