sari

Even though it isn’t necessarily true, people equate having choices with having control.

However, at early stages, the notional value of tokens is determined almost entirely by narrative rather than utility. The zeitgeist of an incipient token can be understood as a kind of decentralized branding, whereby permissionless narrative formation is driven by speculative desire. Whether financial, social, or owing to a genuine affiliation wit... See more

It’s a nice fact that LLMs are pretty smart and useful now but suck at writing good prose. Suggests writing well really is very hard.

"For example, parents need to remember that kids love rituals and depend on them for a sense of continuity and connection. Perhaps the single most important ritual a family can observe is having dinner together. Families who eat together five or more times a week have kids who are significantly less likely to use tobacco, alcohol, or marijuana, hav... See more

Two Chinese Streamers So...

One through-line that cuts through all of the above is business model innovation. U.S. consumer internet has long been reliant on digital advertising. Partly because it matured on mobile—at a time when mobile advertising was less proven and mature—the Chinese consumer internet pioneered more creative and diversified revenue streams. Take Facebook a... See more

Another benefit of NFTs is that they turn digital media into public goods with pseudonymous ownership. A digital media file that’s minted as an NFT can be read by everyone, but owned as a collectible by a single entity. This provides a new monetization channel for digital media without limiting growth by putting content behind a paywall.