As social creatures, we are eager to show people we care so that we can benefit in times of need when we need them to care for us. E.g.: When someone is sick, we are more likely to cook something for them even if we could have just bought it from a store and given it to them.
An SPB and its bondholders together form an entity very similar to a DAO: the bondholders form a grassroots organization and share an economic fate via the bonds they own. What is particular about this type of “DAOs” is that its token (the bond) derives its value from the quality of a public good.
But on Substack, you’re paid monthly, creating pressure to churn out regular updates. Since it’s impossible to have interesting novel thoughts twice a week every week, this also means writers skew heavily towards summarizing the news, pumping out quick takes, or riffing on whatever they read on Twitter.
Supply Chain — 75% of U.S. companies have experienced supply chain disruptions due to the COVID-19 outbreak, including mask and ventilator producers — China manufactures roughly half of the world’s masks. Countless examples of U.S. dependence on China for essential materials presents an opportunity and an economic imperative to diversify supply cha... See more