Stefan Cohen
stefans.house
Stefan Cohen
@stefans.house
Partner @ BCC / NYC Based / Fan of Fun Things
7/

building with open principles is how we stay sovereign as institutions shift, fragment, or reassert control
open systems—physical or digital—offer legibility, adaptability, and agency

they're expressions of the same design instinct: resilience through openness
February 14, 2026 at 2:54 AM
6/

so the strange inversion:

the real world is becoming more closed + scarce via geopolitics
the digital world is becoming more open + infinite via ai
and both need balancing forces to stay legible + useful
February 14, 2026 at 2:54 AM
5/

applied cryptography steps in here—not just blockchains, but a broader toolkit for making digital things verifiable, ownable, and scarce

it brings structure and trust to a world where everything can be copied, generated, or faked
February 14, 2026 at 2:54 AM
4/

meanwhile in digital:
ai makes it trivial to generate infinite content, code, media, even designs
but that breaks the concept of value
everything is everywhere, owned by no one
February 14, 2026 at 2:54 AM
3/

but openness doesn’t disappear in closed conditions—it adapts

open systems emerge as strategic responses:
interoperable by default
usable without permission
resilient to fragmentation
they’re architectures of autonomy—mirroring what cryptographic systems do in digital space
February 14, 2026 at 2:54 AM
2/

on the “real” side:
international trade is splintering
immigration is tightening
critical supply chains are being walled off
we’re watching the old rules of globalization unravel
February 14, 2026 at 2:54 AM
9/ The implication of all of this is that we are much earlier in the “creator economy” than most expect. As it pertains to our work @baincapitalcrypto, we believe there will be a further explosion of digitally native content and creators.
February 14, 2026 at 2:54 AM
8/ The hard part (I don’t have the answer to) is how do parents cultivate creative expression, and what to do in this interim period where the curriculum across education levels are oriented around “legacy work”.
February 14, 2026 at 2:54 AM
7/ These new groups could provide the same sense of pedigree and belonging, tailored to a world where creative expression and unique contributions are the ultimate differentiators.
February 14, 2026 at 2:54 AM
6/ The one thing higher education provides today that’s hard to replicate is the *seal of approval.* But even that could evolve. New affiliation groups—like Thiel Fellows or Y Combinator—might emerge for the career paths of the future.
February 14, 2026 at 2:54 AM
5/ In a world where labor, services, and intelligence are infinite, *scarcity* becomes the differentiator. What’s scarce? Things we create:

- Art
- Writing
- Events/experiences

Human creativity, *amplified by AI*, will be what sets us apart.
February 14, 2026 at 2:54 AM