Skip to content

Commit

Permalink
docs: 📝 add perspective on blockchains as social and economic laborat…
Browse files Browse the repository at this point in the history
…ories
  • Loading branch information
davidgasquez committed Feb 21, 2025
1 parent b16a19f commit 90f2bad
Showing 1 changed file with 1 addition and 0 deletions.
1 change: 1 addition & 0 deletions Blockchain.md
Original file line number Diff line number Diff line change
Expand Up @@ -15,6 +15,7 @@
- You can encode "incentives" in a smart contract that will be enforced by the code. This drives behavior.
- Smart contracts allow permissionless composability. [Composability allows anyone in a network to take existing programs and adapt or build on top of them, it unlocks completely new use cases that don't exist in our world](https://future.a16z.com/how-composability-unlocks-crypto-and-everything-else/).
- [Blockchains could replace networks with markets](https://twitter.com/naval/status/877467629308395521).
- [They can be thought of as social and economic laboratories because they're great for experimenting with novel concepts at scale](https://x.com/binji_x/status/1891929209737470024).
- One of the main downsides of blockchains is that most humans are not good at protecting their passwords, credentials or private keys.
- Blockchains can be used to ensure the best output in prisoner dilemma style interactions. Write a smart contract that does X when everyone has added the money and no one will be able to betray.
- Blockchains solve distribution problems but they don't solve the problem of who will add the money to the ecosystem. That's a political one. Unless there are good incentives to move to blockchains.
Expand Down

0 comments on commit 90f2bad

Please sign in to comment.