Jesse Walden
@jesse
277 Following
41407 Followers
2 replies
4 recasts
51 reactions
78 replies
81 recasts
691 reactions
3 replies
46 recasts
179 reactions
1 reply
3 recasts
42 reactions
0 reply
1 recast
15 reactions
1 reply
12 recasts
57 reactions
1 reply
1 recast
17 reactions
0 reply
1 recast
20 reactions
7 replies
6 recasts
55 reactions
0 reply
6 recasts
38 reactions
1 reply
5 recasts
40 reactions
Variant Thesis:
Ownership as keystone of user experience, bootstraps networks bigger faster.
Works best when:
1) There is a moral/normative imperative—a movement that people want to participate in. Skin in the game enhances belief, resulting in a more exciting/engaged experience.
Examples: “chancellor on brink,” “world computer”, “open finance/internet capital markets”, “actually open AI” etc.
2) There is a product that people love and intuitively want to own, where skin in the game of investment enhances the experience of using the product, sometimes with additional utility.
Examples (fewer come to mind because regulatory red tape has made it difficult to distribute ownership to product users, as compared with protocols): Digital Art (NFTs), Tesla, Uniswap, Hyperliquid, etc.
If you’re not leaning into one of these two things, ownership may be a really expensive/ineffective way to scale network effects.
Thoughts? 4 replies
7 recasts
43 reactions
0 reply
7 recasts
56 reactions
1 reply
3 recasts
35 reactions
0 reply
0 recast
17 reactions
6 replies
5 recasts
51 reactions
7 replies
16 recasts
95 reactions
0 reply
7 recasts
48 reactions
1 reply
3 recasts
28 reactions
21 replies
9 recasts
79 reactions