There's an interesting fat protocols article on block chain technology by usv. Unlike thin protocols like tcp/up where the value is captured by edge nodes, a fa

There's an interesting fat protocols article on block chain technology by usv. Unlike thin protocols like tcp/up where the value is captured by edge nodes, a fat protocol captures the bulk of the value and the edges are forced into commodity pricing. I think it would be like everyone living in and contributing to the US as an idea. The block chain of the "US" has a good social security net, good public non-profit infrastructure, ample opportunity etc... Or theoretically would/should anyway. In reality it's too prone to corruption and manipulation. If smart contracts get stable and consistent enough (and build up a correspondingly large body of contract law) we end up being able to create entities of faith, things to believe in and rely on but are also fragile in that they need faith to persist as well. "gods" if you will.