Saved by Jason Badeaux and
The Market for Promises
Today I’ll introduce blockchain as a machine for creating credible commitments . That is, blockchain is a tool for strangers (and indeed nemeses) to make particular representations and commitments to future condition-sensitive action in a trustless way. A blockchain is a tool for enforceable, programmable promises. If this looks similar to contract... See more
Baz • You should design trust infrastructure
It's important to understand why even the most grandiose promises are "investable" at this stage (if inadvisable under US securities law). Tokens are issued on a blockchain, which creates, at minimum, the conditions for exchange, ownership and participation, as well as more advanced rules like scarcity of supply, consensus, reward mechanisms, and... See more
Laura Lotti • Market-Protocol Fit
The three fundamental pillars of this argument are,
- Blockchains are differentiated from traditional finance through their strong property rights – the inalienable right to store and transmit value.
- Centralization provides a means by which powerful entities can influence the outcomes of blockchains.
- The value stored in a property rights system is