sari

Nonetheless, liquidity for a project’s token plays a large role in opening up the project to the community. Native token liquidity is worth paying for because it can kick off a reflexive flywheel that brings more users and attention to the protocol.* However, it’s worth noting that liquidity for the native token doesn’t make or break an otherwise s... See more

You can’t walk into a bank with a pile of handwritten books and get a loan.

The web3 interface will need to add order to the beautiful chaos of decentralization, and give obvious and meaningful utility to digital assets. It will need to break the false dichotomy between easy, consumer-friendly on-ramps and a powerful crypto-native experience.

The reason newspapers are dying is because they’re stuck with massive fixed costs when the businesses no longer require them. It is expensive running a printing operation. Additionally, the infrastructure that gets built up to support hundreds of employees is also very expensive.

...there are no shortcuts to excellence. Developing real expertise, figuring out really hard problems, it all takes time―longer than most people imagine....you've got to apply those skills and produce goods or services that are valuable to people....Grit is about working on something you care about so much that you're willing to stay loyal to it...... See more

While the Aggregators definitionally serve nearly everyone, they actually do overlook a segment of their users: the people who aren’t happy to just use the products for free, but who want to earn ownership, privileges, and money for their participation, and who are willing to accept a lower-quality user experience to get those things. This is where... See more

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.