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But even if you have a quality problem, a price cut won't fix it. In fact, it could make matters worse for you

So all in all, it seems like the local level of government is a very undervalued one. And given that criticism of existing smart city initiatives often heavily focuses on concerns around centralized governance, lack of transparency and data privacy, blockchain and cryptographic technologies seem like a promising key ingredient for a more open and p... See more

There’s another group of platforms out there that don’t just disperse retail, but disperse creativity.

“Breaking Points” is currently supported by around ten thousand paying subscribers spread over the various payment tiers. This is a factor of ten more than in the 1,000 True Fans model proposed by Kelly, but it remains a good case study of his model in action: a strong but modest-sized community, discovered and served by using the Internet, directl... See more

Here’s where we get to the real insight of the book, which isn’t actually an insight about software. It’s an insight about the relationship between creators and platforms.

This matters, because while Web 2.0 failed at preventing centralization, we need to explore how and why these failures occurred. Without a proper retrospective analysis of what Web 2.0 was trying to do and why it failed, we risk repeating these failure modes with web3.