Beyond Markets? Tangible paths to structurally unique network building đ
Ethical Network(data) Monetizationâ Love Cameronâs Barter mention!âMicro application of CommonsâUtility chains for systems & networks design/dev > singular product design/dev = Access in DeFi via generators of value having proof of hodlâPoAccess đÂ
How can we define things so that others can take action, i.e.âspin up a business modelâ to test it out
Traditional business models are about identifying customers and what theyâre willing to pay for
Not just how much they value a product
But also includes the cost theyâre willing to absorb NOT to have to switch over to a different platform or product(convenience, user experience)
(These points still stand for crypto business models)
Old models seem more one-sided(strictly supply and demand)
Consumers dictate features to a certain extent but big companies can make us want things by offering themâfor freeâ, i.e. in exchange for data used for ad revenue
Crypto business models on the other hand are now distinctly characterized by their ability to createânetwork effectsâ & enable users to share in(profit off of) the value they create
Users can create and define markets for themselves because they own their assets
Currently, some are willing to pay for digital asset(data) ownership, but this is still a novelty for most
Thereâs a difference between these consumers:âI would pay for easy login vs. I would pay to not have my personal info shared with othersâ
Decentralized governance and management of businesses
App stacking = promising example of decentralized governance and business coming together
Case study: COMP tokens for protocol maintenance by Compound
Demonstrates that those who share in the success/profit of a product should be the ones who create value for the product
DeFi products for Stacking: How can product developers implement self-custody?
Miscellaneous Thoughts
Blockstack specific: What real alternatives to Blockstack actually exist?
In order to answer this question, need to agree on what the Blockstack product offering is
Need to evolve in our thinking that Blockstack is a product. It is an ecosystem that enables people to build user-owned products and services.
Comparisons to big tech hold us back from unlocking the value in crypto network effects.
Model of big tech = one-sided, predatory/exploitative/EXTRACTIVE(extreme power asymmetry)
There are opportunities to generate just as much wealth in crypto networks BUT that wealth would be shared, equitable, and would not be produced at the expense of users
Many crypto businesses grow via shilling to a certain extentâŚwhich begs the question, do crypto users actually want some of these products/services or dare they just betting on them for the sake of their own future payout?
Answer to this^: Create defensability through user-ownership instead of user lock-in
Ownership obligates users to care about the product theyâre contributing to(Lockean theory of private ownership, stewardship)
Key Takeaways from the Meeting Here đ đÂ
Key Readings
Notes