I have previously categorized ’crypto’ — a catch-all for blockchain- and Web3-related innovation — as part of the Digital Revolution that started around the late 1960s to early 1970s with the invention of packet-switched networks, microprocessors, and other digital technologies that enabled the proliferation of personal computers and the Internet…

The term ’institutional isomorphism’ refers to similarities in the structure and processes of independent organizations. In the past, the spread of information and the adoption of similar practices was slower and often limited to organizations within a single country or region. …

Computer software is arguably one of the most impactful technologies of our time. Over the past few decades, major changes in individual behavior, work habits, social organization, and wealth distribution have been triggered by software innovations, and everything suggests there’s more to come.

One way to categorize software-based services is…

Introduction

Speculation and risk-taking are essential features of all monetary economies and both are closely tied to the financial sector. History has shown that without appropriate rules, safeguards, and behavioral norms, financial markets become more prone to fraud, pro-cyclical excess, and crises. Occasionally, these crises take systemic proportions, threatening the stability…

Digital technology systems have emerged as one of the most important organizing structures of contemporary society. …

Automation and Progress

The ability to invent and use tools is a defining attribute of Homo sapiens that led to the emergence of civilization. …

Based on my research over the past couple of years, I’ve put together a list of ten theses on decentralized network governance, including base layer public blockchain networks and applications (smart contracts) running on top of them. The ten ideas are listed from the more general and theoretical (descriptive) to…

The principles of free and open source software (FOSS) are fundamental to the ethos of the communities building blockchain networks. While it is not uncommon for a single organization or small group of core developers to coordinate and deliver most of the work, the source code is generally open for…

Governance is the process of applying any design feature or control mechanism that maintains and steers a system. In the context of blockchain networks, this includes the protocol used by the nodes on the network to administer data, as well as various social and institutional arrangements that determine how decisions…

This post is a comment on Lane Rettig’s essay Autonocrats and Anthropocrats, connecting its central themes to two fundamental concepts in social sciences — the rule of law and social structure. It explains how the most informative analogue to a decentralized network of nodes running ‘autonomous’ software is society itself…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store