Sublime
An inspiration engine for ideas
-Compound, for example, is a lending protocol built on ETH with $10b+ of crypto available for borrowing. The creators could go away tomorrow and the code will still run.
Chris Dixon • The Potential of Blockchain Technology
“Instead of a hierarchical structure managed by a set of humans interacting in person and controlling property via the legal system, a decentralized organization involves a set of humans interacting with each other according to a protocol specified in code, and enforced on the blockchain,” Buterin wrote in 2014.
Friends with Benefits (FWB) • A Political History of DAOs
This goes well beyond smart contract structures. Why is it that Elon Musk can sell an NFT of Elon Musk's tweet, but Jeff Bezos would have a much harder time doing the same? Elon and Jeff have the same level of ability to screenshot Elon's tweet and stick it into an NFT dapp, so what's the difference? To anyone who has even a basic intuitive underst... See more
Vitalik Buterin • The Most Important Scarce Resource is Legitimacy
They are Anatoly Yakovenko and Raj Gokal, who were catapulted to crypto fame last year when their blockchain, Solana, became a stunning success, reaching a market cap of $33 billion and winning over investors like Andresseen Horowitz and Polychain Capital.
The Information • Can Peace Last Between Crypto’s Visionary Rivals?
As Vitalik Buterin notes in a recent essay exploring non-financial use cases of crypto, “blockchains are just a really convenient place to store stuff.”
Friends with Benefits (FWB) • After Crypto
Key Ideas
The core question explored in this post: do highly decentralized DAOs work, or should their governance start to more closely resemble trad corporations?
Vitalik's main point: there are certain use cases where decentralization is very important. There may be a relatively small number of these orgs, but they will be the very important ones.
... See more
The core question explored in this post: do highly decentralized DAOs work, or should their governance start to more closely resemble trad corporations?
Vitalik's main point: there are certain use cases where decentralization is very important. There may be a relatively small number of these orgs, but they will be the very important ones.
... See more
Vitalik Buterin • DAOs are not corporations: where decentralization in autonomous organizations matters
Alternative solutions:1. off-chain identity with on-chain anchoring - bahave like L2 solutions. Only use L1 chain for state change and settlement2. modified sharding - only a subset of network manages/verifies a subset of identities
Kevin Yu • A Technical Commentary on DeSoc: Part I
This relationship between protocols and applications is reversed in the blockchain application stack. Value concentrates at the shared protocol layer and only a fraction of that value is distributed along at the applications layer. It’s a stack with “fat” protocols and “thin” applications.