Storming Reddit's Moat

This notion of offering tiered access to top supporters is one that has driven subscription platforms like Substack, Twitch, and Patreon to become the giants they are today. However, all these experiences are fragmented.

Product functionality is not the moat: the moat is the community and the brand. The more open source a product is, the more easily it can be forked. Protocol products are basically open source software. This can be seen with OlympusDAO, which already has at least a dozen forks at time of writing. While the forks do very similar things, OlympusDAO's... See more

Start with a small niche, grow the density and connections among participants, and only then start adding on adjacent networks. That’s really hard to do in a bull market, when a bunch of people rush anything that looks even remotely promising, diluting and even poisoning the niche, particularly when web3 products are designed to be open and permiss... See more