Social Multiequivalence: Money as Decentralization
Let there be two owners A and B of commodities x and y, respectively, of whom A wants y and B wants x. With no money and no third commodity, the only way for both owners to obtain their desired commodities is directly from each other: A ⇢ yB ⇢ x; xy; yx. Otherwise, A and B must delegate their commodity ownership to someone who then redistributes it....
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William Mougayar is a Toronto-based angel investor and four-time entrepreneur who advises startups on strategy and marketing. Here, he discusses where the monetization is behind decentralized business models. If we are to strictly follow bitcoin's first principles of decentralization, then very little to no money should be made by the centers. Bitcoin, the system, is itself the quintessential decentralized and autonomous ecosystem today. And its center is poor, because it is non-existent as an entity. All of the revenues/profits are being made at the edges of the bitcoin network. So, if we....
We have the core tech to enable radically more ethical and beneficial social media networks. Here's what we'll need.
Beyond mere decentralization, there are four key themes central to the idea of crypto social development in the new era of Web 3.0. Following Vitalik Buterin’s call for more social application use cases on Ethereum earlier this summer, multiple crypto companies voiced intentions to build decentralized versions of mainstream social networks like Twitter. However, to create and view crypto-centered social platforms as merely decentralized versions of Twitter is shortsighted. The moral and technical implications of creating truly decentralized social networks that abide by Web 3.0 principles....
The advent of crypto currencies and its inherent technologies have brought us a new and long string of innovation along with a newborn industry teaming with activity and replenishing of new business opportunities. Crypto currencies and decentralization as its core fabric have enabled the use of sensitive applications with the sole purpose of stretching the boundaries of communication channels thus allowing freedom of speech. On an internet controlled by ISP’s, bombed by a growing and constant surveillance, the concept of privacy is increasingly being taken out and turned into an obsolete....
Since the earliest days of bitcoin, decentralization has been key to its value proposition. But it's also been its greatest obstacle. Whether it's the block size debate, or the ethereum classic debacle more broadly, decentralization in public blockchain networks presents significant hurdles to what can seem like straightforward objectives. After seven years of open-source study, decentralized governance remains a little explored and unsolved enigma. But solving it will likely mean going back to the beginning, asking what exactly we mean by 'decentralization'. Do we mean the distribution of....