Sufficient Decentralization for Social Networks

Decentralization can be thought of as a single design challenge that spans three different, but interrelated elements: technical, economic, and legal. Understanding the differences in these elements is key to designing web3 systems because design decisions with respect to one affects the others.

I agree with Jesse Walden on this point: projects ought to progressively decentralize as they figure out product market fit—that is, once they figure out what’s actually valuable to build. But for most everything in this space, product market fit is still a long way away. Until then, I think we can obsess a little less about being perfectly decentr... See more