Ponzi-as-a-Service (PaaS)

The first part isn’t entirely unfair; scams and ponzi schemes are everywhere, and it seems clear that we are in the middle of an ever-inflating bubble. It’s also the case that an entire set of legitimate use cases are in reality regulatory arbitrage; crypto advocates are far too quick to ascribe all of the issues with the current monetary system to... See more

The Three Components of Crypto Success: Product/market fit, Community participation, Sufficient decentralization (community ownership)

The need for product/market fit is obvious. Without a product people want, there are no users, no business, and it will be difficult to sustain a community for long. Community participation and decentralized control

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@sariazout: In theory, crypto makes it possible for users to partake in the success of the products and communities they are part of. In practice, token-based economies are very difficult to design. We’re going to see a lot of trial and error. Some challenges I'm seeing: