Work, craft, building

Late last year, I wrote that more great entrepreneurs would build products onchain as the trade-offs for doing so shrunk. Blackbird is the best example of that thesis that I’ve seen. It’s an app I’d use whether it was onchain or off, and a tool that restaurants use even if they’ve never heard of crypto, even if they don’t particularly like crypto, ... See more

Until last year, launching an onchain subscription was difficult, as NFTs and ERC20s had no concept of time embedded within them. Instead, they offered one-time, discrete value transfer between buyers and sellers.

Token allowances and streaming escrow contracts are one solution to this problem, but they are complex and difficult to use.

We made STP t... See more

We need a new form of capitalism, a contemporary form of capitalism. I would like to add “humanistic” to that equation.

If your brand isn’t doing everything you hope, it might be because your organization isn’t doing the work that the brand could or should or might promise it does.

Instead of designing slightly better versions of old products – not better enough to displace incumbents – or fixing inefficiencies with software, entrepreneurs are designing radically better vertically integrated systems from the ground up with cutting edge hardware and software.

They’re mixing and matching whatever tools are needed to get the job... See more

"The amount of serendipity that will occur in your life is directly proportional to the degree to which you do something you're passionate about combined with the total number of people to whom this is effectively communicated." https://t.co/KfFpouh7Dm

So if I step back, a good consumer token model in my mind:

• Releases a token early, recognizes the end state is entirely unclear, and maintains optionality on how it’ll evolve in future


• Has mechanics to distribute tokens over a long time frame to users / participants that are creating value


• Captures value from the speculation layer and funnels it into

... See more

You must believe in the human being, because the creativity of a company — Let’s say you have a company with 1,000 people. Maybe we were told that there are only two or three genius people in the 1,000. But I think that if you have 1,000 people, you have 1,000 geniuses. They’re just different kinds of genius and a different degree of intensity.

We h... See more

The creator economy has not done well in courting readers. It "cares" about readers, but only in two dysfunctional ways:

• Turning them into creators ("you, too, can make money doing this")


• Aggressively tracking (and monetizing) their activities

But readers are the largest cohort and the value they provide is the entire value of the scene. There is no v... See more