sari

An incentive is any design element of a system that influences the behavior of system participants by changing the relative costs and benefits of choices those participants may make.

Thread: How to measure network effects Unless you have been living under a rock, you have heard about network effects. It is not binary rather a spectrum which implies some companies have strong and some have weak network effects. a16z had a good post on how to measure it.

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I truly believe that this new world will optimize for connection over community -- at least with audio apps. Case and point with this app: I’ve jammed with tons of people I just met and had a blast - it was about the personal connection through voice that made the experience so pleasant and fun.

On the supply side, a token will increase in value if fewer of those tokens exist—we call that deflation. A token will decrease in value if more of them exist—that’s inflation. When you’re evaluating the supply side you don’t have to worry about things like whether the token has any utility, or whether it will generate income for its holders. You’r... See more

Logic requires that people find universal laws, but outside of scientific fields and once human psychology has a role to play, it is perfectly possible for behavior to become contradictory. A tax rise can cause you to work less because the returns of your labor are lower, or work harder to maintain your present level of disposable wealth. There are... See more