This is the price of decentralization. This investor would need to keep paying these decentralized and independent operators if that’s what’s required to keep the REV coming in. In reality, this is a very difficult number to assess. What is the marginal value provided by additional network operators vs. the marginal cost added, and when does that s... See more

What is web3? It’s a hazy/vague term describing a crypto-powered internet, and a font of yogababble. Its promoters would say something akin to: Web3 is a decentralized version of the internet where platforms and apps are built and owned by users. Unlike web2 (the current web), which is dominated by centralized platforms such as Google, Apple, and F... See more

The idea that a song should cost $1 was completely arbitrary — a way to quantify music that felt, to use his word, "digestible." ‍The advent of web3 presents an opportunity for alternatives that exist outside of this imaginary stranglehold but, in order to start thinking about music outside of our current model, we need to start thinking about the ... See more

This idealistic dream brings to mind Marc Andreessen’s recent confession that the “original sin” of the internet was not building a payments layer into the browser. The paid communities you investigate are an attempt to remedy that sin and ground cyberspace in the material/economic systems that support our livelihoods.