Trust Economies - The Future of Social Networks
The Hitchhiker's Guide to the Futurehitchhikersguidetothefuture.com
Trust Economies - The Future of Social Networks
the absence of trust adds immense costs to transactions. When we do business with people we know and trust, we are willing to extend credit, send orders before we receive payment, and otherwise take steps to speed a transaction. When we lack that trust, we invoke intricate mechanisms to prevent bad behavior.
Ethan Zuckerman • Mistrust: Why Losing Faith in Institutions Provides the Tools to Transform Them
That new layer is mostly about trust, so we could call it the trust layer.
William Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
Trust, though, is an immensely socially useful technology. Human civilization has a fundamental limitation in that all humans can be trivially killed while sleeping. Huge portions of society’s efforts go toward establishing conditions where this trivial vulnerability virtually never gets exploited. God has, reportedly, closed all bug reports claimi... See more
The optimal amount of fraud is non-zero
Status Traps: Learning from Web2 Social Networks - a16z crypto
Andreessen Horowitz (AZ)a16zcrypto.com