Unlike Spotify, it lacks a payment system, so it has no mechanism to enrich those who participate in its ecosystem. It relies on one single source of income — advertising, whose growth is showing signs of fatigue as monetizable daily usage is starting to plateau.
Another striking aspect to Diamond's answer is Bandcamp's connection to physical goods. It is a digital-only business: it has no warehouses or delivery service, like Amazon. But Bandcamp allows artists to take orders for physical goods that they can fulfill however they choose – from their homes, from record labels or distributors, or from... See more
It’s easy to see why NFTs inspire both excitement and deep skepticism: They’re a completely novel asset class, and we don’t see new asset classes appear that often. But what drives the value of an asset that’s really just a digital token people can pass around? To appreciate NFTs properly, we first have to think through what they actually are and... See more
Let us be different in our homes. Let us realize that, along with food, shelter, and clothing, we have another obligation to our children, and that is to affirm their “rightness.” The whole world will tell them what’s wrong with them—loud and often. Our job is to let our children know what’s right about them
Individuals will be able to perform valuable knowledge work, even collaborative knowledge work, without exposing our physical appearances, as we increasingly work through multiplayer, web-based productivity and creative tools. Deepfake technology, allowing you to synthetically generate human-seeming video or audio, is increasingly commoditized. I... See more
Myles Danielsen: Other projects certainly offer more upside potential, but the risk-adjusted opportunity of Ethereum seems particularly compelling relative to both the rest of crypto and other asset classes globally. At present, Ethereum appears to offer the model set-up of all of investing: long-term secular tailwinds, near-term catalysts, and... See more