Originally posted on Station Newstand In his seminal 1937 essay, The Nature of the Firm, economist Ronald Coase explained why companies exist—to reduce the friction and transaction costs of contracting individual work on the free market. While perhaps a truth of the past, traditional corporations with bloated management and poor incentives for employees and users no longer effectively create value. Rather than focusing on practicing the craft at hand, tremendous energy is wasted optimizing fo...

Originally posted on Station Newstand In his seminal 1937 essay, The Nature of the Firm, economist Ronald Coase explained why companies exist—to reduce the friction and transaction costs of contracting individual work on the free market. While perhaps a truth of the past, traditional corporations with bloated management and poor incentives for employees and users no longer effectively create value. Rather than focusing on practicing the craft at hand, tremendous energy is wasted optimizing fo...

Decentralization is the rallying cry behind Web3, and it’s a noble one. For too long, centralized platforms have stolen audiences and profit from the creators that made all of this *grand hand gesture* possible. But I also fear that we have hastily declared absolute decentralization** as the panacea to the plagues of Web2. I don’t aim to decry decentralization, but instead to explore hybrid paths forward. In KERNEL, we call this style of thinking quantum thought:“Rather than using dualities l...

Decentralization is the rallying cry behind Web3, and it’s a noble one. For too long, centralized platforms have stolen audiences and profit from the creators that made all of this *grand hand gesture* possible. But I also fear that we have hastily declared absolute decentralization** as the panacea to the plagues of Web2. I don’t aim to decry decentralization, but instead to explore hybrid paths forward. In KERNEL, we call this style of thinking quantum thought:“Rather than using dualities l...