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Protocols as Minimally Extractive Coordinators — Placeholder
The most important design choices in the engineering process of protocol tokens and application tokens are related to questions of security, scalability, level of decentralization and privacy of the blockchain infrastructure they chose to use.
Shermin Voshmgir • Token Economy: Money, NFTs & DeFi
Designers of cryptocurrency projects are working at the nexus of economics (which emphasizes the creation of incentives for individual behavior that benefits the group) and technology.
Paul Vigna , Michael J. Casey • The Age of Cryptocurrency
Interestingly, Ethereum’s rollup-centric roadmap is implicitly a gambit in this direction. ETH is sacrificing REV to its L2s rather than capturing it all to itself, in return for spreading the moneyness of ETH the asset. It’s unclear if its L2s will win out, or if they’ll continue to aggressively use and spread ETH in the future, but it’s clearly... See more
Jon Charbonneau • L1 & L2 Token Value Capture - DBA
