Sublime

Can we fix the creator economy? I think so, and I think the answer may be provided by Timothy Green's salient insight that publication is curation.

Will all marketplaces become decentralized, issue tokens, and enable users to participate in governance? Maximally extractive folks will be disrupted first. Airbnb looks the same in 10 years because they provide as much value as they extract. But people hate Upwork so there is a strong incentive to disintermediate. Knowledge work marketplaces are... See more

Because of this, the next chapter of reputation will flip from “reputation of platform and publisher” to “reputation of creator.” The source of reputation is no longer with the platform where the creator resides but tethered to the creator itself. Consumers, observers and owners are becoming more creator specific; there is less trust in the... See more

Client/server models of any kind of social organization are typically objectionable on the basis of fragility, single points of failure, lack of feedback, and simple unfairness: Who gets to be the server? Who guards the guards? Finance now has an aesthetically minded design that patently doesn’t work, and what’s more, nobody seems to be bothered

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Based on the above, the answer(s) to the second question is that the gatekeepers of web3 will be organizations that know how to allocate capital in a world of endless investment opportunities (A16Z is already working on that). They will also be organizations that can aggregate demand for various shared resources — just like Airbnb, but for many... See more