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Joined 2 years ago
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Cake day: June 7th, 2024

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  • In the dotcom era, the push was to create lots of free services. Once you had enough users, you wanted to see how many would be willing to pay for it. There was a formula that justified getting more investment (it varied by domain). Back then, almost nobody other than Amazon survived the hard shaking of the tree.

    We may be coming up to the point where customer acquisition through free service ends. Whatsever is left standing will move to the next round.

    Everybody else gets dropped on the floor.









  • The way money-laundering works, you take ill-begotten funds and somehow churn it into legal tender in ways that can’t be traced back to the source. Another angle is to create corporate entities that show loss against gains, so you can deduct and don’t have to pay taxes on your windfall profits.

    In the olden days, these were physical, degrading assets. Like strip malls, real-eestate, and dodgy, money-losing businesses that somehow stuck around forever. At the end, you were stuck with physical entities you couldn’t unload.

    Crypto and NFT were just digital variations of the same financial model, minus the hassle of having to manage the property.