Crypto ecosystem and its challenges
Crypto ecosystem has multiple players (developers, users, miners, etc.) and rules/incentives. Cryptoeconomics is how these different components interact.
Cryptoeconomics appears to be a game theory and decentralized consensus (follow the details of Cryptoeconomics: Introduction), while in usual economics, isn't it called a business model?
There seems to be two parts - usual external business "unit economics" and cryptoeconomics!
Why Decentralization Matters by Chris Dixon
Starts comparing blockchain and the internet. And entering into the third era of internet. The first era was open protocols, and in the second era Google, Apple, Facebook, and Amazon (GAFA) overpowered open protocols. Decentralization is about balance between competition and cooperation. Cryptonetworks do align interest to work for common goals, but multiple challenges (scalability and performance) remain. It is necessary to build the infrastructure too!
"Centralized systems often start out fully baked, but only get better at the rate at which employees at the sponsoring company improve them. Decentralized systems start out half-baked but, under the right conditions, grow exponentially as they attract new contributors."
The Long Game in Crypto: Why Decentralization Matters Decentralization matters because this is the competitive advantage, the differentiating feature, and what is trully special about the cryptoeconomics. But ... WHY DECENTRALIZATION MATTERS: A RESPONSE BY MYLES SNIDER
If humans were purely rational economic agents — the ideal of homo economicus — then perhaps blockchains systems could be perfected through crypto-economic design.
Quantifying Decentralization by Bulaji. The important research on how to describe quantitatively decentralization.
The Meaning of Decentralization by VITALIK.
three types of DEcentralization are architectual/hardware, political/human, and logical/protocol/software. Very good article.
There are certainly niche reasons to use decentralized systems, permissionless anonymity being the primary use case. Can you trust the likes of Facebook or Google? History says absolutely not. But most people don't care. What might constitute a turning point back to decentralization? I can think of several.......
There are important differences in the governance of startups and crypto projects.
The governance covers multiple resources (developers, data, physical infrastructure, etc.) and different approaches can be taken in governening different type of resources even in the single crypto project. That’s why we will start to decentralize the development of Aragon during 2018--- example
Blockchains should not be democracies the realities and the experementation - the commentary
Relevance of Blockchain
how and when is the blockchain a useful technology? There is a classification scheme which should be followed in the analysis.
Incentives of the developer teams, ICOs, and venture funding
Privacy on the Blockchain posted by Vitalik Buterin on January 15th, 2016.
The essential problem is what the identity is. How is it defined and sustained?
Challenges and references
Fundamental challenges with public blockchains as of the end of 2017. And a critical discussion by Wilcox Fundamental Misconceptions opining that technical problems are actually sociological/political problems. He is also sceptical on PoS