Multicoin Capital: Proof of Physical Work

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

More recently, Vitalik Buterin and others in the cryptocurrency community have taken up the rhetoric of blockchain mechanisms as public goods. To be sure, crypto protocols are among the most compelling novel institutional forms. Their unique capabilities derive from their "public" qualities: unrestricted membership and participation, open APIs, tra... See more

Perhaps most interestingly, there are some potential new opportunities by which protocols might actually be much more sustainable. In the last few years, with the development of cryptocurrencies and tokens, it has become theoretically possible to build a protocol that uses a cryptocurrency or a token that has some value attached to it, with the val... See more

Web3 will offer new and optimized ways to enable, recognize, and reward social capital. Due to its decentralized nature, proof-of-X will not be determined by a single centralized platform or middle-man but can be negotiated and defined differently by every bespoke community.

In my experience so far with the crypto world, a lot of the technical designs are built around the pure financial incentives. And there is a robust culture, around these technologies, otherwise they probably wouldn’t be used by anyone. But they’re really off-chain. And as much as possible, these systems are often designed to get people using these ... See more

The infrastructure phase is ramping up. Existing infrastructure has struggled to keep pace with increasing crypto adoption. Better rails are needed to unlock the next stage of growth. On that front, Pocket Network may prove essential. The multichain protocol facilitates decentralized cloud computing around the world. Wallets go beyond transactions.... See more

At a fundamental level, blockchain networks and smart contract protocols enable technical decentralization. But they can also be designed in a manner that promotes both economic and legal decentralization as well, including:-by enabling transparency — for example, anyone can currently view where the most digital assets have been deposited-by being ... See more