Austin Castellaw

Defensibility in web2 comes from proprietary data network effects. Each application is a walled garden, and a bigger user base translates into more utility vs. competitors.  The social network with most data, content, users, etc. is more valuable.

-People are much happier with the transparency of the give tokens. Coordinape does not solve the problem of social signaling as the most veteran visible members often receive the most recognition.

Each node has to verify the validity of every computation the users send to the network on blockchains. One of the major bottlenecks of blockchains' scalability is how to increase computational bandwidth without increasing the verification cost, which is ultimately the decentralization guarantee of a blockchain. The higher the verification cost,... See more

So what IS SourceCred?

Algorithmic — The value and supply of algorithmic stablecoins are controlled by code. If the demand for the coin starts to increase rapidly, the protocol automatically creates more coins to bring the price down. If the value drops too low, some of the supply is burned to bring the price back up.

Laura Shin: