0to1
share your milestones, tales, questions from the early stage idea maze
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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?
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some crypto product things i'm excited about for 24-25 (quick list, not exhaustive) - mobile become the default - stablecoin rails get good enough for global fintech adoption, accelerates institutional/regulatory validation - surprising formats for prediction markets emerge - nfts have another surprising evolution - interplay btwn creator tools/token launchers gets more interesting/safer - farcaster channels become wallets/daos, do weird/big things - telegram leans into mini-apps/wallet/payments - frames/blinks find a large-scale social mini-app; validates the 'headless' gtm as a way to bootstrap marketplace liquidity. - data DAOs/tokenized marketplaces onboard new users to earning tokens - for crypto natives, real skin-in-the-game returns to token distributions, resulting in more loyal/engaged users/owners
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