sari

The IOU system works perfectly well for debts that can be repaid. Money evolved to solve a different problem, which is how to deal with debts that could not ever be repaid. We’re not talking about commerce here. We’re talking about religion, and debt to God.

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But what really blows my noodle is how rare AI skepticism still is in the media. One year ago, ChatGPT was opened to the public. The onslaught of overheated and careless rhetoric about our imminent ascent to a new plane of existence (or our imminent extermination) began then and has not slowed since. It’s inherent to the financial interests of jour... See more

Will all marketplaces become decentralized, issue tokens, and enable users to participate in governance? Maximally extractive folks will be disrupted first. Airbnb looks the same in 10 years because they provide as much value as they extract. But people hate Upwork so there is a strong incentive to disintermediate. Knowledge work marketplaces are s... See more

From reading over 100 business books and running a startup for over a year, here's a 2-word summary of communication that might save you years of reading: Contrast, Potential.

Groupon started out with these really tight principles about how the site was going to work, really being pro-customer. And as we expanded people in the company would say, “Hey, why don’t we try running two deals a day?” “Why don’t we start sending two emails a day?” And I’d think, That sounds awful. Who wants to get two emails every single day fro... See more

Got better ways to do decision making at scale? Instead of spinning up yet another DAO that will take months to make headway of its raison d’etre, how about targeting local non-profits that have been doing necessary, impactful work for years, often operating in a decentralized manner?