In particular, I find the diffuse capitalization, ownership, and control of these kinds of networks extremely appealing. It’s this — not stupid ape avatars or hype about Bitcoin as “digital gold” — that gets me charged up about crypto/blockchain stuff. It’s also why think we need to be careful about regulation that could strangle the baby in the cr... See more

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