This post is also available here on msilb7.com
The 2000s brought us the social networks MySpace, Facebook, Twitter, and more. On these “wide-open” platforms, everyone had a microphone to shout out into the world. At first, this was the novel cool thing to do, and it became addicting. But then, when these platforms needed to turn a profit, things changed. Our engagement was the golden ticket to monetization. If they could get us to post, react, comment, and share more, the advertisers would line up to pay for our attention.
Optimizing for engagement eventually pushed us farther apart. The original…
This was originally posted to msilb7.com
As I’ve written about previously (Crypto Analytics: Exploring Uniswap v3 Data), Uniswap v3’s innovations brought more customization, aimed at greater capital efficiency for liquidity providers, and better prices for traders.
In v2, every pool had a 0.3% fee rate and each liquidity position supported the range of potential prices ($0 to $infinity). So the only way that liquidity providers (LPs) could compete for fees was to pour in more funds into the pool. The only power needed to compete was scale. But, Uniswap v3’s features introduced two new vectors to compete on:
This was originally posted on: https://www.msilb7.com/posts/crypto-analytics-exploring-uniswap-v3-data
A few weeks ago, I published my first crypto-related blog post: Bring Your Own Wallet: The Future of Consumer Choice and Personalization on the Internet
Since then, I’ve continued to fall down the rabbit hole. So much so, that this post is probably 100 steps more advanced than my first post. So apologies for that, but the place I’ve gotten to now is too exciting to not share.
[Scroll to ‘Analyzing Uniswap v3 Data’ to skip to the analysis]
Welcome to Part 1 of a new series “Consumer Applications of Crypto.” I won’t be going deep into blockchain technology, or making crazy price predictions. I’m trying to find out how crypto-based products are actually going to improve our lives as everyday consumers. I’m still exploring a bit, trying to learn more and more about crypto networks, and I’ll be writing here to share what I find.
The first topic I want to touch on is wallets. In order for us to use any crypto-based application, we first need to set up our own wallet. …
Nothing recently has struck me quite like Paul Graham’s latest essay What I Worked On. Paul takes you through his professional life from college, to art school, to his first jobs, to founding ViaWeb, and eventually to Y Combinator. The essay helped me connect with the winding path that Paul, and most of us, go through, no matter how “up and to the right” history tells the story. It also reminded me of this Steve Jobs quote about looking back on your life: “You can’t connect the dots looking forward; you can only connect them looking backward. So you have to trust that the dots will somehow connect in your future.”
A few weeks ago, I opened Twitter to do my usual scroll. I wasn’t looking for anything in particular, just distracting myself for a bit. But as I scrolled, I kept seeing “MrBeast Burger” come up. People I followed were celebrating its success, but I had no idea what this was, or what was going on. I clicked in, and as I read and started to figure out what was happening. My confusion quickly turned into amazement, and my jaw dropped. I felt like I was getting a look into the future of businesses and startups.
Michael Seibel, the CEO of Y Combinator, has a podcast called Life, Work, and Startups, where he shares bits of advice in three-minute snippets. A few months ago, I listened to an episode where he talked about what you can do to try to be a good CEO, and how easy it is to be a bad CEO. Michael broke it down with the idea that any company, team, or project is in either one of two phases: decision-making mode or execution mode. Decision-making mode is when you’re planning, figuring out your next steps, and thinking long-term. …
Also posted to msilb7.com
I’ve been told that I used to be a very curious person. Somewhere along the line I lost it, and now I’m trying to get it back.
Since my early childhood I’ve been a very curious person. My mom told me that when I was a toddler, they would call me the “future surgeon,” because where most other kids would pick up a toy and play with it, I would thoroughly examine it. Maybe that was just a nice way of calling me a weirdo, why couldn’t I just enjoy the toy? …
With some Black Friday and Cyber Monday commentary because my brain is mush.
Also posted to MSilb7.com and Substack.
Welcome back to Product/Michael Fit! I almost spelled November wrong, so get ready for a good one. My week has once again been non-stop research and writing. I’m not sure if Black Friday/Cyber Monday week is peak of craziness, or if it’s just the release of pent up marketing energy and speculation. That remains to be seen, but early indicators look super interesting. Based on one research firm’s data, it appears that Etsy made the biggest leap in 2020, followed by…