Governance minimized protocols will see the most use. It is the core attribute which kicks off the positive feedback loop between trust and adoption as a standard. It also puts powerful, basic tools in the hands of all creators, generating more opportunity and faster progress for the entire crypto ecosystem.
The power of incentives cannot be overstated. Properly devised incentive mechanisms can supercharge a group’s ability to efficiently optimize for its selected target metrics. Which sounds great — and it is, provided that those target metrics are a proper representation of the organization’s goals.
NFTs are for proof of ownership. He thinks digital proof of ownership will be issued for cars, houses, diplomas, etc. At its core NFTs is basically a webpage and the technology is basically a blank slate. It’s extremely speculative right now. A lot will go to zero. The market is irrational. Not a pyramid, it’s just people buying into ownership... See more