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Past, Present, Future: From Co-ops to Cryptonetworks

Today, some of the most valuable corporations in the world today are “network operators”. Thanks to network effects, these platforms become more valuable to existing users as each new user joins. Network effects are innocuous at first, but can cause concern at scale if platforms enter an “extractive” phase in their lifecycle. My partner Chris […]

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4 eras of blockchain computing: degrees of composability

At a16z crypto, we’ve talked a lot about how crypto networks are analogous to cities in that both cities and crypto networks benefit from bottom-up growth on top of shared infrastructure. A traditional business is generally best positioned setting up shop in a location with existing residents, utilities, law, security, and a vibrant market economy. […]