Web3 changes the whole approach to bootstrapping new networks, since tokens offer an alternative to the traditional approach to the cold-start problem. Rather than spending funds on traditional marketing to entice and acquire potential customers, core developer teams can use tokens to bring in early users, who can then be rewarded for their early c... See more
But what if the coming revolution is a silent one that will be led by those who, in the face of this increasing activity and ear-splitting noise, choose the anti-mimetic path? Who grow quieter and more intentional?
The essential goal of any tech platform is to make you use it again. This is called “stickiness”. But one step beyond stickiness is community: the key is to embed a tech platform into someone’s life, including their friends and wider circle of acquaintances and fellow athletes they haven’t even met. Group encouragement is proven to have a positive ... See more
Product functionality is not the moat: the moat is the community and the brand. The more open source a product is, the more easily it can be forked. Protocol products are basically open source software. This can be seen with OlympusDAO, which already has at least a dozen forks at time of writing. While the forks do very similar things, OlympusDAO's... See more
Publishers still perform other functions in selecting, editing, and marketing work (dozens of people besides me have worked to improve this book, for example), but they no longer form the barrier between private and public writing.
The procedures we have in society for coordinating people to make a decision together are limited by our tools, and by what we can understand, verify and calculate. While it is undesirable (and impossible) to attempt to fully specify the soup of human desires and values in code, there are things that computers do better than humans do—even simple t... See more