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While creators and developers ultimately require true ownership in the platforms on which they rely to make a living, we also hold that, in today’s world, the frictionless flow of money from audiences to creators is table stakes for any sort of meaningful adoption and success, and it is

In 1964, on a folk tour around England, Bob Dylan considered quitting. He said, “I play these concerts, and I ask myself: ‘Would you come see me tonight?’ and I have to truthfully say: ‘No, I wouldn’t come...'" Burnt out and ready to quit playing music, Dylan asked himself,… Show more

“You can’t just focus on the Mediterranean diet or any other diet. If you live by yourself on the ninth floor of an apartment building and you don’t know your neighbors and you have no friends, you can eat the perfect Mediterranean diet and it may not do you as much good.”

-The second downside is that a lack of ownership means that no one is responsible when things go wrong. Bitcoin doesn't have a way to censor your decision to move money from one address to another or even a protocol-level sense of whether you're buying Alpaca socks or a rocket launcher... But this also means that the protocol can't tell when you me... See more

9. You have no strategic value without EBITDA.

The team also recruited early users by going directly to their inboxes with an offer they couldn’t refuse. Garry Tan recalled a cold email he received in the early days of Coinbase (when the company was still called Bitbank) that had 0.05 BTC attached - he just had to create an account to claim it.

C2M is a specific phenomenon of niche demand aggregation, combining elements of social selling and tech-enabled consumer aggregation, almost like technologically-enabled collectivism