This real-world business is growing 80% a year w/ a most downloaded mobile app & 100 million users.
Their secret? Tokenization.
7 lessons web3 projects can learn from them on how to use tokens to drive growth without being a ponzi:
Every interesting outcome in my life was unpredictable and was the result of good habits, strictly practiced.
This is the opposite of “vision” “big, hairy, audacious goals” and “accomplishments.”
The best kind of success is continuous, every day, not occasional.
Business school rewards the same set of hard skills.
Financial modeling. Operations. Excel.
In the real world, none of these are the most important skill.
And that skill is Storytelling.
Here's why...
A couple of my good friends are starting some companies right now.
I spent a little time writing out some of my own learnings from the early days of Lattice to share with them. Thought I’d post for anyone to read:
Ethereum Classic ($ETC) was 51% attacked yesterday. This is the largest cryptocurrency that has ever been 51% attacked, and it has really interesting implications for the future of PoW currencies. Thread. 👇
Look 👀 at the transaction *value*, NOT the transaction *volume*. $3-4 B worth of bitcoin has been transacted daily in the last year. At ~ $1.3T annually, Bitcoin’s base layer transactional value is within an order of magnitude away from Visa’s.
My friend is booking hotels in Iran that require a deposit. The note in the email reads: "Payments in cryptocurrency might sound a bit strange, but the severe American sanctions on Iran's banking system have left us with not many choices."
June of this year marked an important milestone:
Capital raised to fund the decentralized web (now ~$20 billion)
Finally surpassed the capital raised during the bowling bubble of the late 1950s (~$16 billion in 2018 dollars)