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Protocols as Minimally Extractive Coordinators — Placeholder
Productive Fees : Valuable Protocols / Extractive Fees : Valuable Companies
Jesse Waldenjessewalden.comIn other words, companies are valuable when they continuously extract value for shareholders. Protocols are valuable when they continuously create value for the public. ([View Highlight](https://instapaper.com/read/1492780094/19098815... See more
Forefront • Tokenized Communities
The Three Components of Crypto Success: Product/market fit, Community participation, Sufficient decentralization (community ownership)
The need for product/market fit is obvious. Without a product people want, there are no users, no business, and it will be difficult to sustain a community for long. Community participation and decentralized control
... See moreJesse Walden • Progressive Decentralization: A Playbook for Building Crypto Applications | Andreessen Horowitz
