On-chain systems will move us away from the macro-economic system we currently use-No centralized authority, web3 will be the truest form of democracy-Any trade will be possible as long as there is a buyer and a seller-Volatility will result in better products and services-“My margin is your opportunity” – Sahil Lavingia
Forcing that kind of behavior change is big - getting someone to use telemedicine the first time is difficult, but then repeat usage probably increases once they see how convenient it is (don’t have data to back this up, just a hunch). We’ve already seen huge spikes in usage of Chinese telemedicine platforms + willingness to try more digital tools ... See more
On the deflation side, social networks can get less cool as more people join. The canonical example here is what happened to Facebook when parents started joining: all the young people left for Instagram and Snapchat. Social networks need to be analyzed based on more than their network effects... There are three axes for analyses: Social Capital, U... See more
It's easy to say that any application can be done more efficiently with a centralized service, but in practice social coordination problems are very real, and unwillingness to sign onto a system that has even a perception of non-neutrality or ongoing dependence on a third party is real too. And so the centralized and even consortium-based approache... See more
But influencer marketing is also broken. As I wrote in May’s Influencer Marketing 2.0, most influencer campaigns rely on hefty upfront lump-sum payments and use hacks like discount codes to track attribution. ROI is often poor, and measurement is even worse. The channel is difficult to scale efficiently.