I have been listening to many things that happen in the crypto media sphere. I am very optimistic about Web 3.0 being able to empower the individual to be able to create something and then have individual viewers and users support them. This model is so new and potentially lucrative.

A common phrase on the Bankless podcast is that we are moving west, just like when America was founded, everyone went west to expand into the nation and claim their stake, equity, land. All of those words mean essentially the same thing. They also may have been chasing gold, a fool’s errand in many cases, but life changing in others. Some struck it rich and others were left with dust.

My point is that those who went west and were only looking for gold got left behind, but those that went west and created something mundane, highly useful, and targeted to a specific market, were the real breadwinners. They went went and made something that lasted and helped people in there area with some problem for which their business had a solution. Unfortunately, the crypto media economy are those that are searching for gold. It has a get-rich-quick allure but provides its viewers with only consumption value. Where is the equity, where is the land. You are simply trying to transact the commodity of information to as many people that will have it. But when everyone is trying to get inundate you with their unique commodity, the market is over saturated. Many will return home to the real world with their shoulders slumped because the bandwidth of the information consumers is all gone, much like the gold.

Where is the coffee shop? Just like a person that may have traveled west and started a coffee shop, the same opportunity exists in crypto. Instead of providing a service to a geographical problem; people in my area want to buy coffee. The problem will have the potential to be accessed universally, so a highly specialized shop is the only one that will last. Since everyone now has access to your market it can no longer be the coffee shop, but the coffee shop that allows its customers to use their leftover coffee cups to transact value. Or the coffee shop that allows you to give the owners a loan of some money, and enjoy discounted cups of coffee for the next year. It has to be a coffee shop that provides specific value to the market place, and also long term oriented. A stake in the west that lasts, has returning customers, and provides value to everyone that happens to pass through their little shop, located in the most remote corners of the new land.

I hope you have found value in my thoughts, and I pray that you are on the path to starting your own coffee shop.

I have been listening to many things that happen in the crypto media sphere. I am very optimistic about Web 3.0 being able to empower the individual to be able to create something and then have individual viewers and users support them. This model is so new and potentially lucrative.

A common phrase on the Bankless podcast is that we are moving west, just like when America was founded, everyone went west to expand into the nation and claim their stake, equity, land. All of those words mean essentially the same thing. They also may have been chasing gold, a fool’s errand in many cases, but life changing in others. Some struck it rich and others were left with dust.

My point is that those who went west and were only looking for gold got left behind, but those that went west and created something mundane, highly useful, and targeted to a specific market, were the real breadwinners. They went went and made something that lasted and helped people in there area with some problem for which their business had a solution. Unfortunately, the crypto media economy are those that are searching for gold. It has a get-rich-quick allure but provides its viewers with only consumption value. Where is the equity, where is the land. You are simply trying to transact the commodity of information to as many people that will have it. But when everyone is trying to get inundate you with their unique commodity, the market is over saturated. Many will return home to the real world with their shoulders slumped because the bandwidth of the information consumers is all gone, much like the gold.

Where is the coffee shop? Just like a person that may have traveled west and started a coffee shop, the same opportunity exists in crypto. Instead of providing a service to a geographical problem; people in my area want to buy coffee. The problem will have the potential to be accessed universally, so a highly specialized shop is the only one that will last. Since everyone now has access to your market it can no longer be the coffee shop, but the coffee shop that allows its customers to use their leftover coffee cups to transact value. Or the coffee shop that allows you to give the owners a loan of some money, and enjoy discounted cups of coffee for the next year. It has to be a coffee shop that provides specific value to the market place, and also long term oriented. A stake in the west that lasts, has returning customers, and provides value to everyone that happens to pass through their little shop, located in the most remote corners of the new land.

I hope you have found value in my thoughts, and I pray that you are on the path to starting your own coffee shop.