3-Networks allow us to #cooperate when we would otherwise go it alone.
And networks allocate the fruits of our cooperation
4-Overlapping networks create and organize our #society. Physical, digital, and mental roads connecting us all
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7-Networks have “network effects.” Adding a new
#participant increases the value of the network for all existing participants. 8-Network effects thus create a winner-take-all dynamic. The#leading network tends towards becoming the only network 4/17Prikaži ovu nit -
11-Many are run by
#corporations. The social network. The search network. The phone or cable network. Closed but initially meritocratic 12-Some are run by elites. The university network. The medical network. The banking network. Somewhat#open and somewhat meritocratic 6/17Prikaži ovu nit -
13-A few are run by the mob.
#Democracy. The Internet. The commons. Open, but not meritocratic. And very inefficient. 14-Dictatorships are more efficient in war than democracies. The Internet and physical commons are overloaded with abuse and spam. 7/17Prikaži ovu nit -
17-The market networks are titans The credit markets The
#stock markets The commodities markets The money markets They break nations 18-Market networks work where there is a commitment of money. Otherwise, they are just mob networks The#applications are limited Until NOW 9/17Prikaži ovu nit -
22-As society gives you money for giving society what it wants, blockchains give you
#coins for giving the network what it wants. 23-It’s important to note that blockchains pay in their own coin, not the common (dollar) money of#financial markets 11/17Prikaži ovu nit -
30-It’s
#nonsensical to have a blockchain without a coin just like it’s nonsensical to have a market without money. 31-It’s nonsensical to have a blockchain controlled by a#sovereign, a corporation, an elite, or a mob. 15/17Prikaži ovu nit
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