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General purpose blockchains are social clay: you can model any economic interaction on them, then people can engage in that interaction without any company's as
by natrius 11y ago
General purpose blockchains are social clay: you can model any economic interaction on them, then people can engage in that interaction without any company's assistance or permission. I think I have a model that incentivizes crowds to direct their efforts and funds like a non-profit.
It might not work, but if it does, no one can stop those crowds. If I find a new shiny object to chase, the software will keep running as long as people want to use it. We can reshape our world with software that can't be stopped.
We've strayed too far off topic, but you and any readers should feel free to email me anytime. It's in the profile.
- api 11y agoThe current market cap for all cryptocurrencies is less than $8B, which means that about 75% of all cryptocurrency would have to be focused on the sort of thing you describe to have a chance of competing with Facebook's $5.8B 2015 revenue.
- gfodor 11y agoThis comparison doesn't make any sense to me. Why should comparing the yearly revenue of a company to the market cap of cryptocurrencies tell us anything at all? They're not even measuring the same type of thing.