Token Economy
As a result of this, users are paying for services with their private data.
Shermin Voshmgir • Token Economy
A more primitive form of a smart contract is a vending machine. The rules of a transaction are programmed into a machine. You select a product by pressing a number related to the product you want and insert money. If you insert enough money, the machine is programmed to eject the product. If not, you would not receive the product, or if the machine... See more
Shermin Voshmgir • Token Economy
The Web2 allowed us to enjoy peer-to-peer (P2P) interactions on a global scale, but always with a middleman: a platform acting as a trusted intermediary between two people who do not know or trust each other. While these Internet platforms have done a fantastic job of creating a P2P economy, they also dictate all the rules and they control the data... See more
Shermin Voshmgir • Token Economy
Token Curated Registries (TCRs) are a cryptoeconomic mechanism designed to incentivize the collective curation of public lists or content feeds in a social network.
Shermin Voshmgir • Token Economy
While early tokens were first only minted as part of the incentive scheme of the underlying blockchain protocols, with the advent of the Ethereum network, tokens have moved up the technology stack.
Shermin Voshmgir • Token Economy
Resolve principal-agent dilemma of organizations: Distributed ledgers also provide a global coordination tool for new types of decentralized and sometimes also autonomous organizations (read more: Part 2 - Institutional Economics & Governance of DAOs).
Shermin Voshmgir • Token Economy
If you can’t hold state in the Internet, you cannot transfer value without centralized institutions acting as clearing entities.
Shermin Voshmgir • Token Economy
Internet we have today is broken. We do not control our data, nor do we have a native value settlement layer. Every time we interact over the Internet, copies of our data get sent to the server of a service provider, and every time that happens, we lose control over our data. This raises issues of trust.
Shermin Voshmgir • Token Economy
While decentralized architectures are more resilient than their centralized Web2 predecessors, they are also slower.