Saved by Jason Badeaux and
The Market for Promises
Blockchains offer a new paradigm for implementing transactional trust. We should open our minds, and accept that trust will be computed by machines, instead of verified by humans.
William Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
Despite working with DeFi teams for the last 5 years, I think onchain finance is a better name for whats happening.
Decentralization is an important substrate, the real pull is the increase in utility and value when an asset comes onchain turns into a money lego.
Whether an asset is blockchain-native or a real-world asset will matter less and less.
E... See more
Decentralization is an important substrate, the real pull is the increase in utility and value when an asset comes onchain turns into a money lego.
Whether an asset is blockchain-native or a real-world asset will matter less and less.
E... See more
Ken Deeter • Tweet
On a blockchain network, nothing is assumed to be trustworthy except the output of the network itself (Werbach, 2018). On any transaction, there are three elements that may be trusted: the counterparty, the intermediary, and the dispute resolution mechanism (Botsman, 2017). Simply put, blockchain tries to replace all three elements with software co... See more
JENA MARIE ESPELITA • TRUSTING A TRUSTLESS NETWORK. The Paradoxes of Trust in Blockchain Technology
"If we could re-architect all asset ownership systems today without any historical baggage, how would we do it? On a technical basis, the answer is actually quite clear (if you don’t fully understand the next paragraph, that’s ok):