outlast.me

One of the most challenging aspects of building cryptonetworks is getting the incentives right. Selfish mining is a subtle attack that breaks intended incentive structures and creates centralizing forces. Here’s a five tweet explanation.

Tackle the monkey first: de-risk the riskiest parts of your endeavor. Front-load the work that will lead to the greatest rate of learning about whether what you’re trying to build is even possible.

The fundamental advantage of decentralized networks is that they intimately entwine two of the most powerful forces in human history.

A crypto network is more like a city than it is like a firm, or an individual. Like a city, a crypto network is a community of loosely affiliated individuals who agree about: the location of their work and residence (city); the protocol that they use and run (crypto network).