NFTs fundamentally rearchitect internet applications.
NFTs create a single, open media database any developer can build from.
Today, media is siloed across many platforms.

In the future, NFTs allow millions of developers to pull from one big shared media database.
In this world, every application inherently becomes a marketplace. The media (NFTs) surfaced in the application are purchasable!
This leads to all sorts of new potential business models for developers building applications using NFTs.
Developers love it because they have the world's media at their fingertips and new business models.

NFT owners love it because the more their NFTs are used, the more valuable they become.

Win win.

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More from @FEhrsam

13 Apr 20
Psychologist Robert Kegan's work on stages of adult development has been one of the most influential on me in the last year (thanks @GrahamDuncanNYC)

In short, Kegan believes development is the ability to make object what was once subject, unlocking higher level systems thinking
Very useful as a framework for improving as a manager, in relationships, and in thinking broadly.

Good Stanford Psychology summary here: tomprof.stanford.edu/posting/1110
There are 5 stages of adult development in Kegan's model. A few of the stages (what he calls "Orders"):

Order 0: Total inability to grasp concepts or separate any experiences from the self. Are subject to everything occurring around then. Newborn babies are Order 0.
Read 6 tweets
9 Nov 19
Availability Cascades: how to spread an idea through a large population

chicagounbound.uchicago.edu/cgi/viewconten…
Why is it important to understand availability cascades?
They determine which ideas spread in the world and which do not. How much an idea spreads is often independent of merit/truth if it gains sufficient momentum.
What are availability cascades?
“A self-reinforcing process of collective belief formation by which an expressed perception triggers a chain reaction that gives the perception increasing plausibility through its rising availability in public discourse”
Read 24 tweets
19 Oct 18
An abundance of high quality and cheap digital entertainment = a lot less young men working. Excellent piece by Andrew Cortina.
kortina.nyc/essays/kinky-l…
The optimistic view: this is a rapidly growing new frontier offering lots of opportunity, it just happens to be digital rather than physical (ex: space).
I suspect blockchain-based digital assets will make virtual economies very real. People will be able to earn their entire living in virtual worlds in the next 10-15 years, changing the definition of “work” itself.
Read 15 tweets
30 Jan 18
1/ Token curation markets use economic incentives to create crowd curated information feeds/lists on any topic. Feels like what will become an important crypto primitive: medium.com/@simondlr/intr…
2/ Core idea: the token holders of the feed have an incentive to create the best feed possible to attract as much attention as possible. More attention --> more valuable feed tokens because of their value to others who want their content in the feed.
3/ A lot of life comes down to effective information processing. Specifically, creating ranked lists. They are the root of decision making: consider options, rank them, take action. Curation markets can do this on an arbitrary number of topics. Potential scope is huge.
Read 14 tweets
5 Jan 18
The spectrum of funding blockchain development:
1/ No direct funding. Rely on the incentives of existing token holders and good will of the community to develop public infrastructure.
2/ Private funding.
Large holders, companies/projects building on the chain, or open crowdfunds create programs to pay for development.
Example: Bitcoin.
Upsides: simple, decentralized.
Downsides: tragedy of the commons.
Read 8 tweets
23 Nov 17
1/ People seem to increasingly be comparing Bitcoin to religion. A rundown of the framework:
2/ Prophet: Satoshi. He is no longer here and thus impossible to question, making him plausibly infallible.
3/ Beliefs: decentralization.
Read 14 tweets

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