Even if we could resolve payment's friction issues, however, we would still be stuck with the basic problem that some people have much more disposable income than others. Universal basic income would help, and I'm strongly in favor of it, but I don't think that's likely to be politically feasible anytime soon.
One thing that has always felt strange to me about the cryptocurrency world is the lack of attention to the client/server interface. When people talk about blockchains, they talk about distributed trust, leaderless consensus, and all the mechanics of how that works, but often gloss over the reality that clients ultimately can’t participate in those... See more
imagine writing a song and not only getting paid when others made money playing it at events, but enabling others to remix it permissionlessly with proceeds flowing back to you, all while collecting data on its usage that you could use to find professional opportunities while connecting to others with similar taste.
We’ve outlined some core principles of social token design, but it’s equally important to complement such designs with product-market fit that intrinsically motivates users. For example, a play-to-earn game that focuses its efforts on enabling users to profit but that doesn’t get the “play” element right misses the point: that games are, first and ... See more