Katie: Sometimes the middleman can be important. Let's address the environmental disaster: there re blockchains that are carbon negative. Many have adapted proof of stake. The problem of electricity usage is in proof of work consensus mechanisms. Right now 76% of Bitcoin miners are incorporating renewables into their mix. I have confidence in the... See more
I myself write online of course and I will continue to do so but save for this essay, this latest contribution to the thousands of terabytes of jeremiads that festoon the worldwide web, I don’t have much to say about our online world anymore. I’m tired of it. Half an hour or so a day is ample time to catch up with my online community of people and... See more
I'm really inspired by also how they were really quiet for a really long time at the beginning. They were not trying to become the next new success story on the pages of every paper. They were much more just like, "We're just going to prove through the quality of our output over time that we are doing something interesting, and weird, and... See more
“These are tiny companies from a revenue perspective and the audience sizes are huge out there. It is hard to fathom just how large the internet is. But that’s also why I’m a big fan of B2B media. When you throw something on a corporate card, which you can do with B2B media, fatigue is less of an issue. I’ve got an industry subscription. I don’t... See more
Creators and communities, through aligned incentives, will work together to cultivate brands that collectively resonate, highly accelerating growth. These brands will emerge in the streets — the streets of the physical world and the metaverse. MetaFactory will build the bridge between these worlds, blurring the lines between the digital and the... See more
As Web 2.0 companies began to deeply understand the powerful potential of their innovations — the game-ish reaction buttons, the follower graph, the algorithmic ‘newsfeed’ — they became adept at a clever stratagem. Rather than committing to perpetual openness, they could offer new user tools or developer APIs and encourage the community to use them... See more
Such speed and convenience is difficult to achieve when your business model is at the mercy of third party merchants fulfilling your orders. These companies must therefore be vertically integrated with a high degree of control over their Dark Stores and courier networks.
Because of our genetic need for community, novelty, and connection, the markets for third places, communities, and experiences are massive. The experience economy is growing four times faster than the consumption economy, Starbucks is worth $103 billion, Country Clubs alone are a $24.5 billion industry in the United State, and the amount we spend... See more
I’m actually surprised that no one has developed game interfaces for running a business yet. When you start to think about all of the disparate, 2D tools we use to work as compared to the rich, contained environments in which gamers play, the way we do things seems bland.