Collaboration, contracts, and the tyranny of platforms

Centrally controlled network effects allow platforms to build unexpectedly dangerous incentive structures.

Some of the key insights of the following article;The only true problem that humanity has is our inability to collaborate.

The only advantage traditional contracts have over smart contracts lies in the number of assets one can use as collateral.

Credible agreements are always over-collateralized.

Global relational contracts could be a way to overcome the limitations of incomplete contracts.

The incompleteness of contracts explains why we need to decentralize governance through token ownership.