The Network Union

These couldn't be more different. But can we make them more similar? What would it look like to have something at the scale of Facebook-the-network, or even orders of magnitude smaller, that operated as effectively as Facebook-the-company?

Blockchains break network effects. Why? Because token upside is inversely proportional to network effect. You can now give early adopters a karma-like stake in the network to reward them for inviting others.

There are significant gates on joining Facebook the company, and no gates whatsoever on joining Facebook the social network. To join Facebook the company, you need to pass a series of challenging interviews and then operate within an explicit hierarchy towards a leader-defined purpose. To join Facebook the social network you need only a pulse, and ... See more