Square & Stripe productized this in merchant payments first; before they came along, most small businesses would get access to funds 5 - 7 days after processing a credit card payment. Square and Stripe gave you your money within a day or 2.
Web3 teams have an opportunity to learn from and improve on the strategy of commoditizing the complement. In this essay, we’ll discuss why building and commoditizing a product on top of a user-owned protocol offers maximum leverage to execute this strategy, with potential for stronger economic equilibriums that drive growth, and value, beyond that... See more
Google “smartest people in the world” and most of the results will be physicists, mathematicians, computer scientists, and chess masters. These are all difficult problems, but they are well-defined, and that makes it easy to rank people.
This week is probably the closest we’ve ever gotten in my lifetime to the brink of nuclear-powered World War 3, yet people seem strangely indifferent to the developments. I share in this under-reaction. Shouldn’t we, I don’t know, have a stronger collective reaction?