College isn’t insurance—It’s a nightclub. If colleges were normal businesses, with the entire world clamoring to get in, they’d increase enrollment. If they’re offering a great product, more people should benefit from it. But not universities. Because it's not about learning, it's about status.
I’m a firm believer in voice becoming a more ubiquitous UX medium. The obvious next question is to think about the services and actions regular consumers will be able to perform via voice.
In short: people keep participating and buying in because they are betting Axie can figure out a way to make it sustainable. It’s kind of like if the original Ponzi was more honest and pitched the scheme as a way to raise funds and build an audience he could leverage into a sustainable business. The way Axie plans on doing this is to try and grow t... See more
Imagine a world where you didn’t have all of that fixed costs. As Benedict Evans says, these newspapers are “a specialised (sp) light manufacturing industry, that aggregated attention to sell advertising.”
“We don’t just teach people how to write; we teach them how to actually think about their personal monopoly… What is the unique combination of skills and personality traits that you’ll be known for? How are you going to use the internet to reach out, connect with anybody, build an online home, and use advance your career?
The turbocharged incentive structure that makes crypto so potent in the long-run is exactly what makes it so problematic in the short-run. If all you've built is a money game, then all you're going to attract are infinitely elastic yield farmers.
Wanting is cheap, but invention and production are expensive. There are material costs, costs of design, costs of errors and rework, costs of research, time and materials. There are human beings who do design, and they like to be paid. It takes them longer to work out the requirements than it does for me to decide I would like a new kind of car, or... See more