On Web 3.0 🕸 Bundling & Unbundling ♼ Ulysses Pacts 📑
Edition #043
Hey friends,
Greetings from the UK, I hope you're having a great week!
It's been an exciting week for me with lots of projects simmering away, next week I hope to have a few pieces to share with you.
But for now lets get into the Filter...
Here are this weeks finds:
I.
On building the future by bundling and unbundling
​(Tweet)
♼ It’s easy to fall into the trap of thinking to build a successful business you need to come up with a unique idea or to build a product with hundred of features, but that’s not the case.
There’s a concept in business called bundling and unbundling.
Bundling simply means combining multiple small offers into one large offer (eg reddit bundles communities into subreddits).
Unbundling is the opposite, it’s when you split a bundle into a singular offering (think niche luxury product that does one thing really well).
This tweet from Nathan Barry got me thinking about how some of the best companies are built out of frustration with existing offers and how unbundling something and focusing on doing one thing really well can build an incredible successful business.
​Read this Thread →​
II.
On setting Ulysses pacts
​(Article)
📄 This week I came across a term called a Ulysses pact (or Ulysses contract)
Essentially a Ulysses pact is an agreement you make with yourself designed to override your impulses in the present moment.
You can use these little pacts with yourself to create constraints that force you into a desired behaviour.
For example I set a pact to follow no more than 99 people on Twitter, this ensures the quality of people I follow stays incredibly high, if I want to follow someone else I need to remove someone I already follow who isn't providing value.
Apple decided to set a Ulysses Pact after the FBI–Apple encryption dispute which lead to them engineering the iPhone in a way that made it impossible for them to read the data on it.
​Read this wiki →​
III.
On web 3.0
​(Article)
🕸 Web 1.0 started as static pages that were difficult to access (dial up internet) and expensive to setup and run.
Web 2.0 is the internet we all use today. Driven by developments in mobile (24/7 access to the internet), social (new dynamic content), and cloud (cheap easy access to the internet).
Web 3.0 is what many people believe comes next. The outline for web 3.0 is a jump to open, trustless and permissionless networks
- Open in that they are built from open source software built by an open and accessible community of developers and executed in full view of the world.
- Trustless in that the network itself allows participants to interact publicly or privately without a trusted third party.
- Permissionless in that anyone, both users and suppliers, can participate without authorisation from a governing body.
What I'm most interested in with Web 3.0 are the opportunities emerging for creators and solopreneurs to gain leverage and financial independence.
The next iteration of the internet promises to remove power from intermediaries like Facebook, ebay and banks opening it up to individuals. Which makes it a great time to be a creator or entreprneuer.
There's still a long way to go before we know if this is exactly how web 3.0 will play out but this post is a great introduction into what the next iteration of the internet could look like.
​Check out this article →​
One interesting idea
"Choose not to be harmed-and you won't feel harmed.
Don't feel harmed-and you haven't been." - Marcus Aurelius
End note
If you enjoyed this edition of the Sunday Filter then I’d love it if you could share it with a few friends. You can send them over here to sign up or share on Twitter.
Have a great week!
- Stephen