saw two of my favorite creators on x today worry about not reaching their audience because the algorithm wasn't kind to them the best use of a blockchain (in social) will always be to create direct to customer relationships for creators will take $100-$250m to make it happen

reason why experiments like fc/lens died is because there's no critical velocity of consumers (non crypto ones) to keep creators coming back reason why you need that kind of capital, is to solve the cold-start problem. substack is a good target acquisition for this.

if i were working at a foundation, I'd probably spend time buying out Medium and building this because its higher roi than 90% of the things we ship right now. the IP, users and content there is worth a ton of money.