I recently learned something mindblowing about the geological history of the Mediterranean Sea, and I just can't get it out of my head.
Now I'm going to make it *your* problem too. Sorry.
Hang onto your hat. This is wild.
1/
This is a great thread on the economics of the game industry. It is a lot rougher and more precarious than it may look from a casual reading of some popular press articles.
NFT oligarchy? A study of 6.1M NFT trades finds a few folks at the center of the market
🐱 The top 10% of traders account for 85% of transactions & trade at least once 97% of all assets
🦍10% of buyer–seller pairs have the same volume as the remaining 90% https://t.co/V3vytqZZB5
Excellent thread.
As @jon_stokes has observed, this is also the fundamental difference between sciences based on the measurement of inanimate objects (eg physics) and “sciences” that naively apply the same techniques to people (eg macroeconomics).
The data has a mind of its own.
In 2017, I interviewed with Elizabeth Holmes to be Head of Finance at Theranos.
I'm convinced I learned more in those 45 minutes than I did in 10 years of school and work.
So when I heard Elizabeth was on trial I couldn't help but recall that moment.
Time for a story 🧵 :