When the pandemic began, we bought 16% of our things online. Now, we buy nearly 34% of our things online. That’s the kind of hockey stick growth investors like to see, and the ecommerce infrastructure companies’ valuations are skyrocketing accordingly.
Ezra: I'm convinced that an Internet where you can have ownership and scarce goods is a big deal. My skepticism is that people have mistaken a power problem for a technological problem. I don't understand what about the technology changes the desire for the customer that wants ease of use, simplicity, and that platform developing escalating power... See more
In a pre-television word, the name of a famous person would bring ideas to mind. But in post television world, it brings a face to mind. What do you think of when you hear Clinton, Nixon, Elvis, probably first their face.
Here’s one way to think about the differences between the Internet and the Blockchain. The previous generation of shared protocols (TCP/IP, HTTP, SMTP, etc.) produced immeasurable amounts of value, but most of it got captured and re-aggregated on top at the applications layer, largely in the form of data (think Google, Facebook and so on). The... See more
One of my long-standing frustrations is that people interested in personal growth and spiritual practices often shy away from difficult political topics, while people interested in debating politics often shy away from personal development and spirituality.
While social platforms are proving effective at pressure testing and gauging the customer response for new ideas, sometimes the general public isn’t the best curator for what’s next. It’s not just about the critical mass (how many people like something), it’s also about the credible mass ( who likes something). As algorithms mature, I suspect... See more