sari

We want to make global logistics as reliable as the electrical grid. When you flip a light switch, you just get power. You take it for granted. But what's actually happening is an incredibly complex coordination where a power plant somewhere in the world is getting slightly hotter just to provide you that extra dose of electricity that you need.... See more

Think about who owns the Bitcoin or Ethereum networks. Nobody does. Nobody owns them. These networks are made up of many thousands of machines whose computational power has been allocated to the network because the network’s constitutive code pays the people who own the machines to keep them connected and churning away — and on super-reliable,... See more

Live by the medium, die by the medium. It’s not a ponzi. It’s that when everything is a measurable market, you see how fast people can move on. And that is a very different environment to get used to.

What was most interesting to me, though, was Dorsey’s comment about helping people manage paywalls. One of the biggest challenges to the subscription economy is the tension between leveraging social media to acquire new customers — which like social media itself, requires content that is free to access — and the fact that running a business means... See more