Chris Dixon: Crypto Networks and Why They Matter

-Think of blockchains as a new kind of computer that enable new capabilities

Blockchains are special computers that anyone can access but no one owns.

What makes crypto unique is its potential to expand on that familiar framework. The principal innovation of crypto networks is their ability to grow network effects by enabling users to share in the value they create.

In the past, trust was purely social (think the caveman days). Then it switched to trusted institutions (banks, governments, companies) which was a step up, but we still had to rely on the other parties goodwill, or their incentive to behave in the right way.
The problem today is that institutions have become the sole gatekeepers of trust. We are st

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