Elvin Zhang

… where a business lumps customers into separate groups and charges them different different prices. A key to shared-value transactions is that you then use a portion of the spend from your best customers to indirectly fund products for your average users, thus sharing value and improving the customer experience across your entire user base.

Only services that thrive off decentralization will successfully organize and incentivize human activity using this new architecture. Cryptonetwork services will be macro and blunt, not excelling at granularity.

…ing, fault-tolerant storage, privacy-preserving computation and many other really important fields. But we should be able to distinguish between the value of these pieces of infrastructure, and the value of the assets that orbit them. Bitcoin is asset and infrastructure very closely interwoven. That’s the ideal. But it’s not the default. Such cases are extremely rare.