Read Write Own: Building the Next Era of the Internet
The collective set of code repositories make up a branching tree of billions of interconnected ideas created by millions of people, most of whom have never met, yet who work collaboratively to advance the global store of knowledge.
Chris Dixon • Read Write Own: Building the Next Era of the Internet
Token rewards can boost the income of creators.
Chris Dixon • Read Write Own: Building the Next Era of the Internet
The first, “protocol networks,” like email and the web, are open systems controlled by communities of software developers and other network stakeholders. These networks are egalitarian, democratic, and permissionless: open to anyone and free to access. In these systems, money and power tend to flow to the network edges, incentivizing systems to
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Composability unlocks the best humanity has to offer.
Chris Dixon • Read Write Own: Building the Next Era of the Internet
While people often think of tokens as digital assets or currencies, a more accurate technical definition would describe them as data structures that can track quantities, permissions, and other metadata for users on a blockchain. If that sounds abstract, that’s because tokens are an abstraction. This abstraction makes them easy to use and simple to
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built on top of social networks. Many founder friends
Chris Dixon • Read Write Own: Building the Next Era of the Internet
In most popular blockchain networks, the community receives more than 50 percent of the total tokens, which are distributed in various ways, including through airdrops, developer rewards, and early-adopter incentives. Instead of being concentrated in the hands of a small group of insiders, ownership is broadly distributed among users according to
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the “Lindy effect,” where the longer something has been around, the likelier it is to stick around.
Chris Dixon • Read Write Own: Building the Next Era of the Internet
How did open source take the world by storm? One of the main reasons the movement has been so successful is a feature of software known as composability.