(1) They have a Compounding Comment and Review Moat. When an account has lots of positive reviews and comments, it increases the ranking. And the higher the ranking, the more comments and reviews an account will get, and so on. So with each comment/review, the account increases its defensibility in a compounding fashion.
The Wild West was decentralized. And we soon discovered that towns need sheriffs and central protocols (i.e., laws). Theft runs rampant on web3. Losses from crypto scams and thefts totaled $14 billion in 2021. Decentralization promised to replace the middleman (the bank) with blockchain technology, but instead it’s created a Coachella for fraud, wh... See more
The presence of many nice-enough choices without any meaningful way to distinguish among them is a fundamental dysphoria of modern consumerism. Anybody can track in intimate detail how the wealthy and stylish spend their money via social media, and just when you’ve learned exactly what you can’t have, the internet swoops in to offer a look-for-less... See more
Our collective idea of “community” has changed dramatically over the past couple of decades. Tectonic societal and economic shifts, as well as blindingly fast advances in technology, have caused each of us to periodically erase and redraw our own definitions and expectations of the communities around us.