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There are a couple reasons for this. First, crypto is massively market expansionary (e.g., how many thought Uber’s addressable market was the size of the pre-Uber taxi market). And second, Crypto will absorb the monetary premia of many non-money assets that act as an inflationary hedge."

I was surprised. One of the hallmarks of the difference between American capitalism and capitalism in many emerging markets has been American capitalism is defined by the rule of law, by the absence of randomly exercised discretion and by predictability. And none of this seems consistent with those values. It was also very unclear what the rational... See more

I think of childhood as the R&D stage of the species, concerned exclusively with learning and exploring. We adults are production and marketing

What has become more and more clear to the non-influencer social media user is that things aren’t what they seemed. Influencers aren’t out to “influence” their “followers” in a positive way — they’re looking to “influence” them to purchase material goods from brands that are willing to pay them enough to advertise. Influencers are more concerned wi... See more

Nadia Eghbal: It’s not just the discovery of knowledge (i.e., learning new things) that’s easier now, but also the validation (where your peers, rather than an accredited institution, decide whether your insights are worth discussing) and distribution of knowledge. Sharing new ideas previously required working with centralized gatekeepers, like a u... See more