Alphatu

Centrally controlled network effects allow platforms to build unexpectedly dangerous incentive structures.

The only advantage traditional contracts have over smart contracts lies in the number of assets one can use as collateral.

Like a central bank applying monetary policy to control its currency, tokenomics applies policies to cryptocurrencies. These policies are the core of a currency. Without carefully thinking through the rules, the currency is likely to fail. The rules of tokenomics are implemented through code and are quite difficult to alter as they require agreemen... See more

DAOs – decentralized autonomous organizations – are an essential tool in achieving the self-empowering benefits of web3, including more equitable ownership among stakeholders, reduced censorship and greater diversity.

Credible agreements are always over-collateralized.

We’ll break it into three sections:Considerations for Launching: Including how many tokens to initially put into circulation, liquidity requirements, incentives, timing, token pairs, and when to launch. Tactics for Launching: Including Initial Coin Offerings, Initial Dex Offerings, Liquidity Bootstrapping, Incentivized Liquidity, Liquidity Bonding,... See more

This choice of expedience over decentralization is bad in some use cases and harmless in others. The issue Moxie raised is known, and Ethereum developers have spoken and written about them publicly and are working on ways to mitigate them. And I have also written about how each wave of decentralization creates a concurrent wave of centralization.