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... transactions prior to 1840 were largely based on trust engendered by cultural similarities and recurrent interactions. People in the same community dealt with each other repeatedly, and these repeated transactions were the trust producing mechanism.

And that’s still underestimating the size of the market opportunity. The radio advertising market is held back because it’s difficult to measure ROAS, and impossible to personalise ads. By using their vast quantity of listener streaming data, Spotify could target ads more effectively, and even add direct clickthroughs for those listening on the pho... See more

HQ Trivia shutting down — few lessons: 1. Don’t take talent for granted - Scott will always be the 🐐 2. Appointment viewing hard in mobile. Asynchronous easier to grow 3. New content formats get tired. Must keep innovating. Hollywood knows this Hope someone makes this work.

Trendy D2C brands will focus on brand affinity, repeat shopping, and lifestyle by building new experiences on top of credit cards. For example – a mid-tier Away Card for travel or an Infatuation Card for dining and exclusive access to restaurants

MZ: I think at the end of the day, there’s going to be commerce, and I think commerce and ads are kind of closely related, because if there’s not any commerce, then there’s not much for people to advertise for. I think the first job that we need — well, I guess the first job is getting the foundational technology to work. Then after that, our next ... See more

Wisdom cannot be imparted. Wisdom that a wise man attempts to impart always sounds like foolishness to someone else ... Knowledge can be communicated, but not wisdom. One can find it, live it, do wonders through it, but one cannot communicate and teach it.

CityCoins has made the interesting decision of trying to make an economic model that does not depend on any government support. The local government does not need to be involved in creating a CityCoins.co coin; a community group can launch a coin by themselves.