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The advertised decentralization of power out of the hands of a few has, in fact, been a re-centralization of power into the hands of fewer. The top 9% of accounts hold 80% of the $41B market value of NFTs on the Ethereum blockchain. The practice of “whitelisting” keeps the bulk of NFT profits within a tight circle of insiders. Bitcoin is even more ... See more
Scott Galloway • Web3
Going direct-to-consumer also adds significant operating costs for traditional networks. These costs approximate the gross margin that traditional pay TV distributors retain, meaning there is little or no economic advantage in cutting out the middleman.
Doug Shapiro • One Clear Casualty of the Streaming Wars: Profit
The Coronavirus Aid, Relief, and Economic Security (CARES) Act (HR 748), the third bill aimed at tackling the COVID-19 pandemic, also reauthorizes the Health and Resource Service Administration’s Telehealth Resource Center grant programs at $29 million a year through 2025, boosts support for expanded broadband services, encourages the use of remote... See more
Eric Wicklund • CARES Act Expands Telehealth Coverage for Medicare, FQHCs and the VA
After all, the purpose of learning isn’t to affirm our beliefs; it’s to evolve our beliefs
Adam Grant • Think Again: The Power of Knowing What You Don't Know
Chamath on the importance of slow compounding:
“The faster you build it, that is the half life: it will get destroyed in the same amount of time.”
Things tend to come and go, tip to one side and then the other, tide out and back in, grow and then rot, get created and destroyed, at the same speed.
going slow and patience
The Microwave Principle. Consumers are on an eternal quest for convenience. If you can build a product that demonstrably saves them time or gives them more convenience, they'll choose your product over a higher-quality competitor almost every time.