Web3

I highly recommend reading the book, but wanted to take a stab at proposing some inflections that exist within crypto that have been top of mind for me.

The new existence of low cost global permissionless payment rails. For the first time you can now send or accept money from anyone on earth for fractions of a penny. With the improving UX of crypto ... See more

The same logic holds in accounting for operator payments from a token holder’s perspective. Even if the network’s operators are being subsidized in some external way, the payment from a token holder’s perspective is only that which they pay today. It’s important to understand these subsidies though, because they may indeed be unsustainable. For exa... See more

Self-sovereignty is no longer a fringe concept but rather a core principle for the majority of the world, albeit less so in the United States. Smart contracts are rapidly becoming the standard rather than a novel design meant for the corners of the internet.

The core user flow of Daylight is as follows:

• Homeowners can store excess energy produced by a DER; this is standard, as there’s typically enough in excess to produce revenues and sustain a home’s energy consumption


• In times of high demand, distribute this energy back to the grid


• VPP operators can aggregate these homes into pools and sell it back to a

... See more

While $FLY is meant to maintain a stable value or a set exchange rate, usage of $FLY earns both diners and restaurants ownership in the network, via Blackbird’s second token: $F2 . The more $FLY you hold and spend (as a diner) or hold and receive (as a restaurant), the more ownership you earn.

DePIN (decentralized physical infrastructure) projects are blockchain-based networks where participants contribute resources in exchange for token rewards. These can be physical resource networks like cellular connectivity and energy distribution or virtual resource networks that provide access to computing power, bandwidth, and cloud storage.

If Blackbird succeeds, it will succeed because it builds a product that helps restaurants in the ways that they care about. The technology under the hood is a means, not an end.