1/ Open protocols have superior network effects & are more censorship resistant than proprietary platforms, but lack fast moving dev teams.
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Replying to @naval
2/ Blockchains and associated Appcoins solve the coordination and incentive problem for distributed dev teams building open protocols.
4 replies 29 retweets 63 likes -
Replying to @naval
3/ The dev teams get paid in Appcoins when the protocols launch, and then hand over to incented miners and stakeholders for operations.
1 reply 20 retweets 54 likes -
Replying to @naval
4/ Future battles between proprietary platforms and open protocols will be much closer. And once an open protocol wins, it wins forever.
4 replies 39 retweets 94 likes -
Replying to @naval
5/ It starts at the lowest levels first (send messages, send money) but eventually moves up the application stack.
2 replies 21 retweets 68 likes -
Replying to @naval
6/ The promised Internet is realized when critical functions of messaging, payments, identity, & storage are distributed & censorship proof.
6 replies 62 retweets 139 likes -
Replying to @naval
7/ Nation states that embrace blockchains will realize a windfall. Their devs & miners are the creators & maintainers of the next Internet.
8 replies 56 retweets 113 likes -
Replying to @naval
8/ The technology is unstoppable. The future is bright.
9 replies 36 retweets 102 likes
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