Optimizing for drinkability/usability increases your TAM, but the opportunity cost is significant. You will lose consumers who want craft, who want to express their tastes, who want to understand something about the world — beyond their capacity to consume — through use of your product. Setting usability as the design standard keeps your product... See more
There’s one catch here, and that’s the dilution of the token. If someone were to buy 100% of AXS tokens today, they would only actually own ~25% of tokens in five years. That’s because Axie Infinity is printing more tokens at a really aggressive rate. Therefore today’s token holders wouldn’t actually get $19 billion - it’d be more like $5 billion.
The university is an invention – there’s nothing fundamentally inevitable about it. The university is also an object of culture – universities play different roles in society and economy and life in different parts of the world, and at different points in history. The university is arbitrary in this way, but it’s also fundamental to the way the... See more
Last year I had dinner with a financial advisor who has a client that gets angry when hearing about portfolio returns or benchmarks. None of that matters to the client; All he cares about is whether he has enough money to keep traveling with his wife. That’s his sole benchmark... “Everyone else can stress out about outperforming each other,” he... See more
MZ: I think that it all kind of fits together as one platform, but I’ve been more optimistic about virtual reality than most other people have. I think in the tech industry, there’s been this view that VR is sort of an entrée to this, but really augmented reality is going to be the big thing. I’ve always been a little more balanced on that, where I... See more