Fairmint & the Democratization of Upside

In today's crypto ecosystems, token-based membership determines key considerations such as resource allocation, on-chain incentives, and off-chain decision-making. While a blockchain's censorship resistance may seem like the solution to a world of gatekeepers, in reality, pay-to-play limits access in other ways. Protocols may be owned by thousands,... See more

This means, for the first time ever, we can have community ownership and network alignment completely consistent with capitalism. And this is uniquely unlocked by crypto tokens that enable us to distribute the value of ownership in the same way we distribute information — instantly, to anyone, anywhere in the world.

In my opinion, a technological/economic/institutional architecture that can coordinate economic activity in a way that makes the firm superfluous, deconcentrates ownership and control over vital networks, and broadly distributes economic surplus to network participants according to transparent, fair and relatively fixed rules, is the killer app. Th... See more