sari

big problems get solved in small rooms.

In a regular stock sale, complex rules and scary 3-letter government agencies ensure that everybody involved is supposedly qualified to be on the cap table. There are entire multi-billion dollar companies devoted to tracking who owns what type of stock. Between the need for accreditation verification and the right signature at the right times, the... See more

Well I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it. And never a year passes, but I get some surprise that pushes my limit a little farther.

I think it’s dangerous to take an excessively U.S.-centric perspective here. If you interact with or look at survey data, or otherwise try to assess what’s the sentiment of people in Poland, what’s the sentiment of people in India, or what’s the sentiment of people in Indonesia, they view the internet extremely positively. And I think correctly so,... See more

Airdrops are magical because few human organizations have ever been able to directly tie ownership to participation and early adoption so efficiently and cheaply. Before crypto, this would require extensive, deliberate personal information tracking and human outreach effort, far beyond simply sending tokens to a list of addresses.