Learning is just the act of engaging with an external thing and performing many conjecture/criticism loops, forming conclusions, and building on them to form a body of knowledge.
We expect that consumers will have a clear preference for about three subscription services that they are willing to pay for, with the rest being long-tail.
Both paywalls and ads have a range of advantages and disadvantages. Some of these vary by medium: books are expensive enough to print that they couldn't be funded by advertising; an analog radio receiver is simple enough that a paywall would require draconian legal force. On the internet, however, I think ads are generally a better fit for two... See more
It’s also hard not to read this book in the context of what’s going on with Bitcoin right now, which is basically a pure, digital expression of money as fungible, abstract scarcity, where interpersonal trust has been fully engineered out of the picture.
Receipts and checks are not going to disappear overnight, but tech tools like optical character recognition and machine learning can eliminate the need to manually enter invoice information, collect receipts, and match the information against checks received on a company’s bank statement.