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Centralized trust creates negative externalities even when those at the center remain trustworthy. As the market expands, a purely person-to-person approach breaks down and would necessitate the presence of intermediaries. Intermediation, on the other hand, serves many roles, but also imposes costs, especially when the intermediary is a private com... See more

JENA MARIE ESPELITA • TRUSTING A TRUSTLESS NETWORK. The Paradoxes of Trust in Blockchain Technology

simple: consumers aren't respecting demographic boundaries anymore, so neither should you.

David Mattin • Trend-Driven Innovation

The entrepreneurs discovered that the problems plaguing existing online children’s swap sites were twofold: inconvenience and poor quality. The team had already solved the first problem with the original thredUp model, building an easy-to-use interface and prepaid envelope system that made the experience feel similar to Netflix. But ensuring qualit

Rachel Botsman • What's Mine Is Yours: The Rise of Collaborative Consumption

Services such as Zipcar, Bag Borrow and Steal, SolarCity, and DenimTherapy are not reinventing their industry’s product but reimagining the larger system within which their product operates.

Rachel Botsman • What's Mine Is Yours: The Rise of Collaborative Consumption

Airbnb is the culmination of that process: the industrialization of trust itself. The conversion of personal favors and characteristics into impersonal products that anyone can buy. Dense pools of people — cities and, later, the web — enabled the replacement of “natural” human relations with a series of interactions driven by cold logic and necessi... See more

Dror Poleg • The Token Society

when there is a mixture of 'good' coins with high silver content and 'bad' coins that have been clipped or debased circulating, the public will hoard the valuable good ones and pass on the bad ones to others.

Michael Green • In Gold We Trust? The Future of Money in an Age of Uncertainty (Kindle Single)

if you want to find emerging and under-rated ideas, stop using algorithms.

These ideas are hidden and obscure. They’re the opposite of viral. Instead of relying on algorithms to find them, identify your favorite people and follow the people who influenced them.

David Perell • Algorithmic Blindspots - David Perell

Power and authority in the contributor economy must be emergent, not assigned. In traditional systems, compensation and authority are explicitly defined and pre-negotiated (titles, roles, and compensation), even though trust and responsibility are implicitly earned. Token mechanisms create infinite possibilities for how credit can now be attributed... See more

Tina He • A New Genre of Work

Token Daily

Jarrod Dicker tokendaily.co