All media onchain: crypto as a port of entry.

My crypto journey started with a startup in 2014 (Mediachain)—we wanted to put all the world's media onchain. What we believed then, I still believe now: onchain media allows media to simultaneously be abundant, distributed everywhere—and also valuable, with attribution for creators, provenance for collectors, and programmability for…Read More

Libraries vs. Networks

Library: a stateless code pattern/schema. The success of a library can be measured by the number of times it is copy/pasted, replicated, re-deployed, and custom tuned. This is the tested and true thing that open source does well. Examples: Linux, ERC721. But as the history of open source…Read More

“Web 2.0” vs. “Web3”

In 2006, Paul Graham wrote a great post wherein he concluded that Web 2.0 was a credible term because it meant “using the web the way it's meant to be used.” I think this is a good lens to interpret the term Web3, and why it is still a…Read More

Crypto’s Business Model is Familiar. What Isn’t is Who Benefits

Many entrepreneurs and investors think that crypto projects can’t capture value because they are based on open source code. The thinking goes that if you develop open source code, someone will come along and copy it, luring away your users and any potential for revenue. That doesn’t seem…Read More

Narrative Economics

Originally published as a Twitter thread, here is my high level reading/summary of @RobertJShiller’s book: "Narrative Economics"…Read More