But the tension between thick and thin always remains. Every artist has experienced it. They may have had a lifelong desire to tell the truth, to make art that expresses something important. Yet they have a competing desire to sell their work in the marketplace, to be accepted, to be praised, to get reviews, to stay on top of trends that can change... See more
Positive and negative externalities: "Environmental costs are classic externalities—invisible to the feedback loops that the system understands and that communicate to its users as incentives ... the challenge of funding"public goods" is another example of an externality - and one that threatens the sustainability of crypteconomic systems"
Bitcoin isn’t traditionally grouped with the Passion Economy, but a combination of ownership and fandom has rewarded hundreds of thousands of people with net worths higher than the US median of $121k, and given them career leverage they likely wouldn’t have otherwise had. Power to the person.
When Apple first released Siri, I wrote about it as a new era for how we access information. One that is more personal and interactive. Alexa and Siri took AI chatbots mainstream for basic q&a, digital assistance, and interaction. A decade later, thanks to natural language understanding, LLMs, vector indexes, and zero/few shot learning, the... See more
However, there’s another side to this. The pickup and delivery apps (Instacart and the like) are likely to outperform as they capture the high-margin consumer brand marketing dollars, but without the physical retail infrastructure. Building your own distribution via DTC marketing and relationships also gets more important, with Facebook and Shopify... See more
In a company known for its inventiveness, separable, single-threaded leadership has been one of Amazon’s most useful inventions. We discuss it in chapter three. This is the organizational strategy that minimizes the drag on efficiency created by intra-organizational dependencies. The basic premise is, for each initiative or project, there is a... See more