sari

Important context: With $100 million supposedly raised pre-launch, Luminary wasn’t just launching as a bootstrapped project, or a new business from an established player. It needed real traction from a cold start, quickly — and needs sustained adoption on a mass level — to justify its costly experiment.

But though I think these critiques are both mostly true, the recent realization I had is that doesn’t necessarily mean web3 is doomed. In fact, many new technologies that have been hugely impactful and successful in the past have faced similar critiques—and overcome them. Turns out, web3 fits the pattern of a very specific type of innovation fairly... See more

We don’t yet have great ways for talking about this new spirit of collectivism. The relationship between individuals and society has always been framed as a necessary compromise: we are told we must sacrifice our personal goals for the sake of the many. But what if it’s not a zero-sum, either/or? Humans, at our best, are capable of embracing... See more

What remains to be seen is if demand for writing production will increase to a point where it can support this kind of ecosystem, and if Mirror can aggregate that demand by building a great platform.

But the Yglesias profile’s very existence reminds us of an important rule of thumb for navigating the content economy in the 21st century: Under the present regime, there is no real downside risk to posting. You might lose a small handful of subscribers or followers if you overwhelm their inbox, or write an egregiously bad post -- but on balance

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