Cryptocurrencies are a double-edged sword — they solve for liquidity and transfer of value but lack the binary nature of belonging to a network. When users are rewarded with a fungible tokens for contributing to a network — they look to liquidate to realize profits.
The reason is that like information systems before the web, they underfit the potential of information systems. We didn’t have Twitter, Facebook, Instagram, Wikipedia, Medium, etc because they couldn’t fit into the channels that were available. We could build substantially more granular information systems, making them fit more for specific niches and needs. The modern corporation, as great as it was, only allowed us access to certain kinds of coordination systems.
Incentivize Milestone-Based Distributions — Also known as bounty-campaigns, can be part of a targeted Smartdrop, protocols can reward new users with gamified, programmable incentives for completing tasks such as: downloading a Dapp, referring friends, unlocking certain achievements. In essence, this is the next-generation of campaigns similar to Uber’s “refer a friend for $5 off of your next ride”.
… they look like when they lower the barrier to entry for more weaker tie coordination at its edges. Reducing the barriers to entry for small, incentivized contributions from the weak tie edges end up producing, grand, stigmergic emergence. We saw this with the change from mass general partnerships in the early industrial revolution to t…
Prediction: Crypto-powered governance markets will solve the tragedy of the commons and drive future abundance at the same level of scale as the stock market and the corporation. In a pervasively connected world, it will be more global and democratized than what we’ve seen before.
Cryptocurrency sacrifices computational scalability in order to improve social scalability. The computational inefficiency (electricity usage and huge amounts of processing power used) enables its social scalability (the ability for two pseudonymous parties to transact across institutional and national borders).
“It is a profoundly erroneous truism, repeated by all copy-books and by eminent people when they are making speeches, that we should cultivate the habit of thinking what we are doing. The precise opposite is the case. Civilization advances by extending the number of important operations which we can perform without thinking about them.” — Alfred North Whitehead
Financial Services made for the Future of Work. As what it means to earn an income is being reimagined, we need to reimagine core financial services and benefits for the on-demand and flexible workforce. These can only work with strong network effects, efficient API-driven services and persistent reputation and I think that there’s a massive opportunity here.