Graeme (graeme)

Meta AI has gotten so good and it’s embedded right into whatsapp! Today it could almost tell me the correct date. Cheap intelligence for everyone

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There’s a kind of online conversation that AI has quietly killed. ~ Mutually wondering together ~ I came across a sentence in a book: “We all die alone.” The old me would have asked people online whether they thought this was true. Now we have the AI version of “let me google that for you.” Don’t you miss those small, shared questions?

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Many crypto platforms are in the business of selling what is otherwise free. The two ways it can work is: 1) patronage, tipping, collecting - which is about deepening the relationship between creator and collector 2) speculation on virality These serve different human needs and are best represented by distinct primitives - nfs for collectors and coins for speculation. Coins will do better on volume by definition because it’s viral and has a profit motive. But collecting is special. Both valid. It doesn’t make sense to be a maximalist in either direction. But it’s important to know which one the platform is serving.

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We shipped a solid set of new features this week – notably adding earn activities to leaderboards, and a marketplace for creator accounts. As the week closes, each feature is approaching its first 1k of transactions. Here are the standouts:

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It’s a beautiful design that escalators, when broken, fall back to being stairs

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The main reason that Stack had so much volume this week was that a lot of people came over from Solana, after Clout didn't work so well in practice. All of the analytics point to this. Our approach was very pro-social, because 1% of all volume is given automatically to the underlying account, as well as 30% of the tokens dripped over a year, without the underlying account needing to do anything. We did $8m on Base in one day without any technical issues, and we sent hundreds of thousands of dollars in value to Ethereum addresses this way. But something that I have to say, because it feels a bit alienating, is that a lot of people in the ETH community kinda had a go at dunking on us. People logged on, saw $80 in their portfolio, and said "meh, this is confusing" – even though no app in history has probably ever done that before for a new user. Kinda sad that after 8 years of building on Ethereum, it's harder than ever to feel motivated to build for its community members.

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