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Of course, it’s not all fun and games, either — DAOs, after all, are not just an abstract crypto concept, but systems of people. And while they create new models for human coordination around shared principles or goals, they also present new challenges for effective governance, day-to-day execution, and scaling.

A calm mind, a fit body, and a house full of love. These things cannot be bought - they must be earned.

Utility pulls you in the direction of expanding size. The more people there are, the more total opportunities there can be. Filter pulls you in the direction of less. The more people there are, the less likely the quality of the average person.

One of the reasons so many people have converted into paying subscribers for, say, The New York Times, is that they wanted to read NYT content but couldn’t without turning over their credit card information. Because Scroll doesn’t create or even host content, organic exposure will be limited. Of course, its publishing partners could leverage their ... See more

Some rare companies innovate on all three sides of the creator triad, crossing creation tools, distribution and monetization: Roblox, for example, provides accessible tools in Roblox Studio; allows developers to have their experiences discovered by the community; and shares earnings with developers via the virtual currency Robux, which underpins a ... See more