One alternative to this state of affairs is to ditch the idea, should we be under its sway, that what we need to make our way in the world is simply more information. For one thing, there are practical difficulties: even in cases where more information might be genuinely helpful, it may not be forthcoming when we need it. But, more importantly, som... See more
Ownership can be understood as a proxy for two things: decision making power and financial power. This suite of benefits includes the ability to have a voice in the direction, strategy, operations, or fate of a company; as well as the ability to capture profits and the value of its equity and assets.
Why should we leave human creativity to the whim of one gatekeeper? Why should a book editor decide what gets consumed by the public?This dynamic is beginning to shift. One author, for instance, used the web3 platform Mirror to raise $88K to write her book. Instead of taking time off work and running down her savings, she proactively earns income t... See more
Simple, clear purpose and principles give rise to complex and intelligent behavior. Complex rules and regulations give rise to simple and stupid behavior.
-Dee Hock
Privacy might be the digital spinach: something you know that’s good for you, beloved by regulators, but not a primary driver for anyone but the most extreme health consumers.
Another week, another $0 earned by creators. So we're making big changes.
We've been seeing low conversion rates on trying to get in touch with creators who are monetizing on other platforms.
What we're offering doesn't seem to be resonating yet
However, creatives have been limited in their ability to monetize their work while supporters have historically been limited in their ability to collectively share in the upside of their growth.
One reason—among several—is that as soon as subcultures start getting really interesting, they get invaded by muggles, who ruin them. Subcultures have a predictable lifecycle, in which popularity causes death. Eventually—around 2000—everyone understood this, and gave up hoping some subculture could somehow escape this dynamic.