Solving the problem of decentralized reputation is the most important step toward fully decentralized marketplaces.
Protocols will finally outperform platforms in terms of cost efficiency and transaction costs. Which ultimately boils down to the cost of establishing trust.
Register now for early bird pricing for virtual tickets to BTS 2022 - The 4th Blockchain Technology Symposium June 7–10, 2022. At this symposium, @JasonTeutsch will be presenting his keynote "Nec pluribus impar: an interface paradox"
https://t.co/jk2lNGlksx
Fiat: short-term exchange rate stability at the expense of long-term inflation
Bitcoin: short-term volatility due to long-term growth in purchasing power
#blockchain#cryptocurrency#dao#growth#power#bitcoin
Nation states (nation-states) turn into network states (network states).
Computers and the Internet have made it possible for three nerds in a dorm to create multi-billion dollar corporations.
#blockchain#cryptocurrency#dao
Sheesha Finance Strategic Partner: @SPARKforFinanc2
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Crypto, short-term: make finance, music, games, orgs, social better, faster, cheaper.
Long-term: replace institutions run by humans with the ones run by algorithms.
#blockchain#cryptocurrency#dao
Web3:
- customer at the center
- less switching costs
- no lock-in
- data stored with user, not application
Web2:
- owned by profit- / rent- seeking orgs
- user data belongs to corporations
- over-regulated by clueless politicians
#blockchain#cryptocurrency#bitcoin