The on-line bookstore brilliantly used the new world -- the web -- to create new value in the old world -- getting books that were otherwise hard to get. There was never a question that it created value, regardless of whether the rest of the new world, e.g. companies like Yahoo, were going to be successful. On the other hand, almost (?) all crypto-related projects create, or attempt to create, new value in the new world, not in the old world. If there is too much of a circular dependency, where is the long-term value? IMHO the Amazon analogy would work better with some crypto-related project creating new value in the non-crypto world.
Attention is scarce. I just gave you 30 minutes of my undivided attention because you put together this well-researched and endearingly curious post. You are giving your customers (paying or not-yet-paying) value through media. Thank you, Packy. Very inspiring.
@Packy great stuff here and on your Pod. I got recruited here given your great takes on Wanderers NFT. Where could I inquire about getting a chance to talk about a project that is unique like Wanderers in the next month or so. Thanks, Christopher Lunsford, MD (PHYSICIANFT)
Another great article Packy. I'd be interested to hear similarities and differences between 2001 Jeff Bezos and 2021 Patrick Collision. He currently seems like the most likely to be the "next Bezos".
packy creates $notBoring token, gives it to dan, puja and others he likes...
readers/supporters can buy $notBoring token on open market at it's market price....
the funds from the token sales ( and resale % cut ) goes to packy's VC LP.... $notBoring token holders get monthly dividend - from the VC's adventures....
everytime a token is transacted, a part of it is burned, that's built in inflation hedge....
if packy wants to raise funds, he can issue more $notBoring tokens, rinse repeat...
Thanks for the outstanding article and thought exercise Packy. Great work as always! I've been thinking a lot about this space lately and I keep coming back to two very big themes 1. I don't believe Governments will allow Defi as we currently know it to continue unregulated. They will demand KYC and AML regulations at a minimum. That will make 99% of Defi more like Cefi. 2. I believe the vast majority of people will use the wallets that come embedded on their phone. This will make Apple and Google the two biggest banks in the world when they add crypto trading and custody to their wallet apps. People already trust Apple and Google with their money, they will trust these wallets and will adopt them quickly. So once Defi becomes Cefi and Apple and Google control the wallet industry, I see most of the future growth of the space will be more centralized than decentralized. I believe successful future companies will realize their customers and their shareholders will be the same people. This will create a fundamental change in what it means to be an owner versus a customer of a business. You nailed it in the article. People will have a vested interest in the companies they support. They will do everything they can to bring value to the company because they'll own a token that will go up or down in value based on the performance of the company. The companies who can best add value to the token holders will win the race.
Maybe the obvious one is the right one. The Amazon of the metaverse seems like a pretty good idea to me - especially if you consider it 10-20 years from now.
This is absolute amazing. Although we all have seen these snippets here and there, how many of us have really learned the timeless philosophy of customer obsession? So any reminder, especially one that is so interactive is extremely valuable. Thank you! And as always, Jeff is just crazily intelligent in his thinking and execution!
The on-line bookstore brilliantly used the new world -- the web -- to create new value in the old world -- getting books that were otherwise hard to get. There was never a question that it created value, regardless of whether the rest of the new world, e.g. companies like Yahoo, were going to be successful. On the other hand, almost (?) all crypto-related projects create, or attempt to create, new value in the new world, not in the old world. If there is too much of a circular dependency, where is the long-term value? IMHO the Amazon analogy would work better with some crypto-related project creating new value in the non-crypto world.
Attention is scarce. I just gave you 30 minutes of my undivided attention because you put together this well-researched and endearingly curious post. You are giving your customers (paying or not-yet-paying) value through media. Thank you, Packy. Very inspiring.
@Packy great stuff here and on your Pod. I got recruited here given your great takes on Wanderers NFT. Where could I inquire about getting a chance to talk about a project that is unique like Wanderers in the next month or so. Thanks, Christopher Lunsford, MD (PHYSICIANFT)
What would Bill Gates build if he were starting out today?.. Chainlink!!!
Another great article Packy. I'd be interested to hear similarities and differences between 2001 Jeff Bezos and 2021 Patrick Collision. He currently seems like the most likely to be the "next Bezos".
packy creates $notBoring token, gives it to dan, puja and others he likes...
readers/supporters can buy $notBoring token on open market at it's market price....
the funds from the token sales ( and resale % cut ) goes to packy's VC LP.... $notBoring token holders get monthly dividend - from the VC's adventures....
everytime a token is transacted, a part of it is burned, that's built in inflation hedge....
if packy wants to raise funds, he can issue more $notBoring tokens, rinse repeat...
Dude, the last line is dope
Thanks for the outstanding article and thought exercise Packy. Great work as always! I've been thinking a lot about this space lately and I keep coming back to two very big themes 1. I don't believe Governments will allow Defi as we currently know it to continue unregulated. They will demand KYC and AML regulations at a minimum. That will make 99% of Defi more like Cefi. 2. I believe the vast majority of people will use the wallets that come embedded on their phone. This will make Apple and Google the two biggest banks in the world when they add crypto trading and custody to their wallet apps. People already trust Apple and Google with their money, they will trust these wallets and will adopt them quickly. So once Defi becomes Cefi and Apple and Google control the wallet industry, I see most of the future growth of the space will be more centralized than decentralized. I believe successful future companies will realize their customers and their shareholders will be the same people. This will create a fundamental change in what it means to be an owner versus a customer of a business. You nailed it in the article. People will have a vested interest in the companies they support. They will do everything they can to bring value to the company because they'll own a token that will go up or down in value based on the performance of the company. The companies who can best add value to the token holders will win the race.
Maybe the obvious one is the right one. The Amazon of the metaverse seems like a pretty good idea to me - especially if you consider it 10-20 years from now.
This was great Packy! Please continue to share companies and project that excites you about the future.
This is absolute amazing. Although we all have seen these snippets here and there, how many of us have really learned the timeless philosophy of customer obsession? So any reminder, especially one that is so interactive is extremely valuable. Thank you! And as always, Jeff is just crazily intelligent in his thinking and execution!