The technologies of AI, advances in the scientific method, and rampant use of prosumer media like today’s YouTube, accelerate the speed and spread of knowledge. YouTube and Youku (in China) in particular are underappreciated learning accelerants. It’s not just make-up tutorials and workshop maker videos. Brain surgeons upload their latest... See more
I'm seeing a lot of people FOMO quit their jobs to join "crypto", probably out of some over-romanticized view of what goes on in these projects. Let me illuminate you about what actually happens:
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Traditionally, tech gets "consumerized" when people stop talking about the tech. Nobody says "hey you should use Instagram b/c it's on Python". Before NFTs, we explained crypto by talking about Byzantine consensus. NFTs abstract that away. It's crypto's consumer moment.
The same question comes up if you apply this to Google search: you could require a choice screen to ask people if they want to see Yelp reviews or Google reviews when they search for a restaurant (and oblige Google to create APIs to enable third parties to plug into its results). But again, we’re not talking about one vertical search category, but... See more
-LLCs were one of the best inventions of the 19th century. But I believe it's run its course. It's not working well for a whole bunch of reasons, including that you end up with very concentrated wealth on these networks. What's so beautiful about tokens is you can design these very granular systems where people are rewarded tokens for using the... See more
It used to be that media organizations had a big advantage by virtue of owning printing presses and delivery trucks, or broadcast licenses; celebrities and politicians would have their proclamations carried across those same mediums by virtue of their popularity or power. The same advantages applied to other areas of the economy like retail and... See more