There are rules in place for how things are executed and smart contracts which make them actually happen. There are basically no intermediaries to setting up and executing these (which can also make decisions permanent, posing other issues).
What makes the online community a more efficient workforce than one managed by a firm? The short answer is that communities are better at both identifying talented people and evaluating their output.
MIT/Google could offer a two-year degree in STEM. The myth/magic of campuses and geography is no longer a constraining factor — most programs will be hybrid soon, dramatically increasing enrollments among the best brands. MIT/Google could enroll 100,000 kids at $100,000 in tuition (a bargain), yielding $5 billion a year (two-year program) that woul... See more
The main reason for the harm today’s internet platforms cause is the misalignment in incentives between users, creators & the platforms — or demand, supply and platform incentives. And a lot of it comes down to advertising-based business models.
The app must be self-sufficient, which means having built-in ramps and basic wallet functionality to simplify the experience and make the protocol accessible to as many people as possible.