seems very like to me this is true (media cost structures), and is an outcome of the internet 

also seems likely blockchains will do the same thing to legacy financial cost structures / social system

Blown away by this figure - per the article, Colbert is making maybe $20m. Where does the rest of the $100m go? It's a piece-to-camera/guest interview show

I think one of the reasons "new media" is taking over is simply that media needs cost control which is impossible to have while operating in a legacy social system

Probably many such cases tbh

Iranian National Parks Privatizer

seems very like to me this is true (media cost structures), and is an outcome of the internet 

also seems likely blockchains will do the same thing to legacy financial cost structures / social system

https://x.com/Lib_Development/status/1946273252378124491

I don’t get the sense blockchains lead to “cost control”…..

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

tradfi is _very_ expensive to run relative to e.g. mm, morpho, ether_fi, etc

like substack/podcasts vs nyt/legacy talk shows

From an operational level I suppose, but some of it is sensical to me as the offerings still have big differences 

Like it is possible for a YouTuber to replicate a show like Colbert as a perfect mirror 

But TradFi still offers me things DeFi does not esp wrt scaling, security

what kind of things jump out at you today?

I suspect the web3/tradfi, like with web2 & the media, will close over time (YT is 20y old)