everything is a bet on network resilience

careers
sports teams
products
protocols

all networks are downstream of incentive structures

tldr; the best incentive structure wins
"why is my art/product/time/idea not selling?"

you are bad at network building
might sound brutal but it's true

the further the world moves toward a telecommunication network in all things (accelerated aggressively by covid)

the truer this concept rings

en.wikipedia.org/wiki/Metcalfe%…
the more "liquid" these networks become with time and technology, the lower switching costs get

the more frenetic this phenomenon becomes, the more unpredictable our future feels
the other side of this coin is the removal of friction in joining these growing networks (betting on apple, bitcoin, facebook et al)

but raising the capital to make those bets depends on your ability to build, join (or inherit) a network of your own
where you start is not fair

this is true

no one cares

this is also true
I am pretty weak at developing and maintaining personal relationships at scale

I am slightly better at writing and designing stuff and lobbing it onto the internet and seeing what happens
identifying what you're better than average at (or you can stick at for longer than anyone else) is the hardest thing to do but the best shot you have at network building

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More from @jackbutcher

18 Dec
arguing that inflation is good for people who sell their time by the hour is dumb

an education system that produces people who believe it is a tragedy
controversially, I don't think the money supply is as much of a problem as people's mental models for how to "earn" money or what is "worth" money
"I worked hard so I should get paid" is entering oxymoron territory when you think about it in the context of networks and technology

"I did something no one else can do so I should get paid"

or

"I stopped people from needing to work hard so I should get paid"

getting closer
Read 8 tweets
14 Dec
"I can't believe big brands are buying web3 studios"

pair of trainers: $200
clone x digital avatar: $24,000
it's hard to think of a moment in time where there was a bigger opportunity for brands with legitimate cultural stature
nike's distribution is unfathomable

the chasm between people who recognize the nike swoosh and those who know what a non fungible token is may as well be 100%
Read 6 tweets
11 Dec
does utility drive price or does price drive utility? Image
Ξ 0.6051
Ξ 0.67
Read 7 tweets
7 Dec
strong thread

discussed this on @NIApodcast a few weeks back

beware of turning short-term thinkers into your shareholders
the harsh reality of free markets

lowering the barrier to entry isn’t always a good idea
where art is concerned
Read 8 tweets
7 Dec
11.1607%
8.4966%
7.5809%
7.5448%
7.1635%
6.9509%
6.6544%
5.7351%
5.4893%
4.5388%
3.6308%
3.3844%
3.1671%
3.0129%
3.0034%
2.4705%
2.0720%
1.8121%
1.7779%
1.2899%
1.1016%
1.0074%
0.2902%
0.2722%
0.1965%
0.1962%

foundation.app/collection/cha… Image
Read 5 tweets
3 Dec
decentralized brands are harder to build but harder to kill
networks that push narrative

vs

networks that build and defend consensus together
this is not just about money

it's a philosophy that extends to any network

now these networks can be built on top of networked money

increasing the incentive to build and protect
Read 11 tweets

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