The first good thing about Substack is there’s no canceling. A young, talented heterodox thinker doesn’t have to worry that less talented conformists in his or her organization will use ideology as an outlet for their resentments. The next good thing is there are no ads, just subscription revenue. Online writers don’t have to chase clicks by... See more
In theory, crypto makes it possible for users to partake in the success of the products and communities they are part of. In practice, token-based economies are very difficult to design. We’re going to see a lot of trial and error.
Some challenges I'm seeing:
There is a lot of value in services that pull everything together in one place, but over time that value starts to recede, the lock-ins keeping people there weaken and the appeal of having separate, specialised products grows.