sari

This is a true paragraph. But it wasn’t actually written about Substack. It was originally written in a 2013 article about Medium, a then brand-new blogging platform.

market mechanism inherent in profit-seeking but correct market failures that allow for

As humans, we're evolutionarily wired to prioritize short-term gain. Hunter gatherers had no use for five-year plans, and those instincts are still within us. Combine that with our current economic system, ad-driven business models, and algorithmic social media platforms, all of which visibly reward cynical short-term games, and you've got the... See more

Knowledge and education are some of the most significant barriers to entry in crypto. The space moves lightning fast, and requires both baseline technical knowledge and the ability to approach problems from across disciplines.

 The first is that customs, traditions, and the like are subject to Darwinian selection. Henrich is not always clear on exactly what is being selected for—is it individuals who follow a tradition, groups whose members all follow the tradition, or the tradition itself?—but the general gist is that traditions stick around longest when they are... See more

One thing to understand about user growth for play-to-earn games like Axie is that, while people enjoy playing them, they don’t have to be more fun than games like Fortnite to attract new users. They only have to be more fun than work. That’s a pretty low bar for adoption. As a result, user growth is exploding.