https://twitter.com/donnelly_b/status/1459917993186582529?s=20
Wired published a great article last week talking about "the 10,000 faces that launched an NFT revolution." What they are of course talking about are the CryptoPunk NFTs that I think most people would agree are one of the "OGs" of NFT art. Initially minted in 2017, they are usually credited with starting the NFT craze that we are all living through today. CryptoPunk #7523, for example, sold for $11.75 million. I think this is the most expensive CryptoPunk in the world. Either way, it is one of the most expensive NFTs out there.
But as I was reading through the article I was reminded of something. Toronto is doing an awful job celebrating the fact that an immense out of crypto innovation has and continues to come out of Toronto. CryptoPunks, which is Larva Labs, was started by two guys from Toronto who met at the University of Toronto. I know that it is still early days for crypto and web3, but why are we not telling this story to the rest of the world and using it to continue to attract the smartest and most ambitious people to our great city?
This is a missed economic development opportunity. And the door won't be open forever. If any of our city leaders are reading this post (which is unlikely), I would encourage you to give this some serious thought and take action.
On a related note, the above article is great evidence for Chris Dixon's argument that, "what the smartest people do on the weekend is what everyone else will do during the week in ten years." Larva Labs was started by two software developers who worked during the day and used their evenings and weekends for new passion projects. CryptoPunks wasn't their first initiative, but it has obviously come to define them. Smart people need room to play and experiment. Often that happens after hours.


Over the weekend, Qantas Airways set a new record with a nonstop ultra long haul flight from New York to Sydney. At a distance of 16,200 kilometers and a duration of 19 and a half hours, this is now the world's longest flight. Though, this was still a test voyage. It remains to be seen whether this will be a commercially viable route. The company also plans to offer a similar ultra long haul from London.
It's fascinating to think about the logistics that go into a flight like this. The flight took off with its fuel tanks maxed out at 101 tons. But according to Wired, the loss factor on each additional ton of fuel is about 60% simply because of the additional weight. In other words, most of the incremental fuel to get all the way to Sydney just gets cannibalized by the heavier load. Wow. That doesn't feel all that sustainable.
Similarly, every ten passengers roughly equates to one ton (200 pounds per person). So there's a balancing act between reducing weight (optimizing fuel consumption) and maximizing revenue (adding lots of people). There's also a question of how best to price discriminate across economy, premium economy, and first class.
Initially these ultra long haul flights were imagined to be flying hotels, where people could sleep, workout, and do all sorts of other things while they traveled halfway around the world. But the economics didn't work. Too much wasted space on non-revenue generating items.
The other interesting thing about these ultra long haul flights is how much work goes into passenger comfort, specifically around our body's natural rhythms. Angus Whitley of Bloomberg was onboard this maiden voyage and he talks about how the food they served -- spiced with things like chili and lime -- was designed to fire up your clock when you shouldn't be sleeping.
And this isn't new a feature of ultra long hauls. Qantas already employs things like hot chocolate laced with tryptophan in order to help people sleep onboard. I'm not great at sleeping on planes, generally because I don't fit in the seats very well. But maybe it's because I've been passing on the hot chocolate.
Image: Qantas via Bloomberg
I take the subway to the office every day and oftentimes I find myself standing there thinking about what the most efficient subway car interior would look like. I guess it’s the architect and designer in me, but I keep trying to rethink the seating arrangement.
My first thought is always that the perpendicular seats that shoot out into the middle of the train are a complete waste of space. If you’re tall (I’m 6’3”), they’re actually uncomfortable to sit in. Every time I do, I feel as if my femur is too long for the allotted space.
One top of that, nobody ever wants to sit in the interior seat—primarily, I think, because they’re cumbersome to get in and out of when somebody is sitting beside you. So you end up with a countless number of cases where those benches are only half occupied.
But what’s really interesting about this thought exercise is that it can’t be done without also closely analyzing human behavior. Here’s what I’ve noticed here in Toronto.
People want to be as far away as possible from other people on the subway. It’s weird to sit beside someone unless you really have to. In fact, try this exercise: Walk onto a sparsely populated subway and sit directly beside somebody. I bet you that person will move and/or give you a dirty look.
What this means is that the end seats always fill up first. People don’t want middle seats, which, I’ve learned, is why they put grab poles in the middle of benches longer than 2 seats. They’re trying to simulate an end seat and make that middle seat feel less like it’s, well, in the middle. You get a pole in between you and the person next to you.
But before sitting in the middle seat, most people would rather stand. Standing is preferable to rubbing shoulders with someone, unless the subway train gets really busy, in which case people will start to sit anywhere. Typically people like to stand right beside the doors, because there’s a place to lean and it’s easy to get off when your stop comes. But this isn’t ideal from an onboarding and offboarding standpoint. It’s people in the way.
Of course, there are many others who have spent a lot more time than me thinking about this topic. A quick search revealed this Wired article talking about this very subject. And below is the layout that they recommend. The design is from the Transportation Research Board.
Their recommendation is to basically remove the seating around the middle doors, so that it’s easier for people to get on and off the train, and to stack airplane style seating towards both ends. In this scenario, the middle gets optimized for standing and the ends get optimized for sitting.
Now it’s your turn. Do you think this would be better or worse than what you have today in your city? Let me know in the comments below.