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John Andrew spent months trying to understand how his business model for Wander would fail, not how it would succeed.

These groups have a hard time talking because the "open web" too often comes across as an idealistic abstract notion and most end users just don't tangibly feel the bad consequences. In fact, they're often happier with the snappy, vertically integrated experience of closed app ecosystems.

Blockchains have enabled both of these things, opening the door for programmable money and state without the need of a centralized server, bank, or any intermediary at all.

Instead, I frame the difference like this: content products decay while software products don’t:

However, the one model that I am the most excited about is browsing e-commerce. Current leaders, Amazon, Alibaba or JD, are mostly search based — users know what they want, they search for it on the app, and find the product within the first scroll. Browsing e-commerce is a model where users come with the intent of having fun, much like going to a ... See more

Peretti’s solution to that problem, it turns out, sounds a whole lot like a combined BuzzFeed/HuffPost — publications that are widely distributed, supported by advertising, and free: