Think about someone you didn’t take seriously until someone you respect told you that they think highly of them—how many missed opportunities are there because people miss out on this information? We have inefficient markets for reputation today, and that creates all sorts of market failures as a result.
B2B markets are many times bigger than B2C markets (annual global B2B spend is more than $100 trillion), and they’re much more offline. Indeed, massive B2B markets like wholesale and logistics remain opaque and intermediary-driven, with orders and payments flowing via email, SMS, fax, and paper check.
In a presentation first given in 2019, Balaji described the potential for a pseudonymous economy – populated by persistent, non-real names that can accrue reputation, or as he terms it, “social wealth.” Fundamentally, he argues that pseudonymity will give individuals the ability to protect their social wealth, which is today vulnerable to canceling... See more
DAOs are hard to build because we're using the wrong mental models
Stop using:
- Decentralized protocols
- Permissionless networks
Start using:
- Self-managing orgs
- Sociocracy
- Co-ops
The human layer requires different mental models than the computational layer
“The infoverse may be infinite, but our allotment of days is not.” We ought to be conscious of how far and how quickly we move through the internet. But without a physical way to observe our time spent online, we risk scrolling, skimming, and hyperlinking ourselves to oblivion.