added by sari ยท updated 2y ago
Components of Coordination
- One of the most powerful features of crypto-economic protocols is their ability to create incentive structures that allow anyone in the world to permissionlessly contribute to a set of shared objectives. These incentive structures can be finely tuned to facilitate large-scale coordination to achieve specific goals. This represents a step-function i... See more
from Multicoin Capital: Proof of Physical Work by Multicoin Capital
Jason Badeaux added
- Crypto-economic protocols allow for people to coordinate their economic activities without a centralized, rent-extracting party, and will help move these industries from corporate feudalism to meritocratic capitalism and freer markets.
from Multicoin Capital: Proof of Physical Work by Multicoin Capital
Jason Badeaux added
- In a highly decentralized system, these operations invert such that the community finds product solutions themselves: "market-product fit." Cryptoeconomic protocols are market frameworks looking for potential product applications. The work of exploring parallel narratives, discovering emergent use cases, and testing solutions is distributed among m... See more
from Headless Brands by otherinter.net
Alex Wittenberg added