How crypto can transform the economy and solve the problem of public goods
Why We Need a New Economic Revolution
What happens to a system when more and more people realize it no longer works in their interest? In today’s economy, too many things that benefit society are unprofitable — and too many profitable things harm society. We see this everywhere in our daily lives. Social media extracts profit from our attention instead of helping us build meaningful connections. News media keeps us perpetually outraged and afraid instead of informing us. AI is on a trajectory to hollow out our economy (or worse)
Why We Need a New Economic Revolution
What happens to a system when more and more people realize it no longer works in their interest? In today’s economy, too many things that benefit society are unprofitable — and too many profitable things harm society. We see this everywhere in our daily lives. Social media extracts profit from our attention instead of helping us build meaningful connections. News media keeps us perpetually outraged and afraid instead of informing us. AI is on a trajectory to hollow out our economy (or worse)
The Building Blocks of the New Economy
How much do you value your economic freedom? If your answer is “a lot,” here’s the good news: a new economic paradigm is emerging — one that allows people to prosper on their own terms, without dependence on extractive companies that don’t have their best interests at heart. At its core, this paradigm rests on a simple idea: open and permissionless collaboration. Here’s how it works: networks fund projects that strengthen their own growth and prosperity. Funding happens retroactively, making ...
The Building Blocks of the New Economy
How much do you value your economic freedom? If your answer is “a lot,” here’s the good news: a new economic paradigm is emerging — one that allows people to prosper on their own terms, without dependence on extractive companies that don’t have their best interests at heart. At its core, this paradigm rests on a simple idea: open and permissionless collaboration. Here’s how it works: networks fund projects that strengthen their own growth and prosperity. Funding happens retroactively, making ...
Introducing Impact 2.0
Much of what drives success on social media today depends on feeding algorithms that don’t have our best interests in mind. These systems focus on harvesting attention, not rewarding genuine value creation. This traps creators and builders in a relentless loop — chasing engagement while their true potential remains ignored. Decentralized social media promised to change that. But so far, it hasn’t delivered. The centralized, attention-driven algorithms of Web2 still dominate Web3. There is a c...
Introducing Impact 2.0
Much of what drives success on social media today depends on feeding algorithms that don’t have our best interests in mind. These systems focus on harvesting attention, not rewarding genuine value creation. This traps creators and builders in a relentless loop — chasing engagement while their true potential remains ignored. Decentralized social media promised to change that. But so far, it hasn’t delivered. The centralized, attention-driven algorithms of Web2 still dominate Web3. There is a c...
Is it Time to Rewrite the Unwritten Contract?
For the last 20 years we had an unwritten contract between users and platforms, is it time to change it? The contract went like this: Users will drive attention to the platform, and in exchange the platform will provide them with distribution Sounds like a win-win, right? Well, not exactly. Because platforms didn’t care how users drove attention — they only cared that they did And what’s the most effective way to drive it? Conflict and drama The users who pushed outrage porn and sensationalis...
Is it Time to Rewrite the Unwritten Contract?
For the last 20 years we had an unwritten contract between users and platforms, is it time to change it? The contract went like this: Users will drive attention to the platform, and in exchange the platform will provide them with distribution Sounds like a win-win, right? Well, not exactly. Because platforms didn’t care how users drove attention — they only cared that they did And what’s the most effective way to drive it? Conflict and drama The users who pushed outrage porn and sensationalis...
Why Value Creation Chains will Change Everything
Would you use a product if you knew that the company that made it stole half of its components from others? As an ethical and socially minded person surely you'd refuse to buy it. But the company's success in the market doesn't just depend on my actions or yours — it depends on the actions of multitudes of people. What if, for example, using the product puts people at a significant advantage over non-users? Or what if the product is a cure to a disease, or could save the life of a loved one? ...
Why Value Creation Chains will Change Everything
Would you use a product if you knew that the company that made it stole half of its components from others? As an ethical and socially minded person surely you'd refuse to buy it. But the company's success in the market doesn't just depend on my actions or yours — it depends on the actions of multitudes of people. What if, for example, using the product puts people at a significant advantage over non-users? Or what if the product is a cure to a disease, or could save the life of a loved one? ...
How to Prevent an AI Dystopia?
How do we prevent an AI dystopia? As AI development races forward, it is becoming clear that the problem is not with the technology itself but with the incentives of those who develop it. Continuing on the same trajectory will almost certainly lead to a world where we can no longer tell what is real and what is fake, where autocratic governments and powerful corporations have total control over public opinion, where our democratic institutions no longer function, and where people have no powe...
How to Prevent an AI Dystopia?
How do we prevent an AI dystopia? As AI development races forward, it is becoming clear that the problem is not with the technology itself but with the incentives of those who develop it. Continuing on the same trajectory will almost certainly lead to a world where we can no longer tell what is real and what is fake, where autocratic governments and powerful corporations have total control over public opinion, where our democratic institutions no longer function, and where people have no powe...
Introducing Abundance Protocol
We are facing two fundamental problems in our economy that lead to all the crises we see today, from an impending AI dystopia to the crisis of trust in media and institutions, the climate crisis, social and political turmoil, and so on. What are these fundamental problems? While there is a strong incentive in the market to produce consumer products and services, there is a disincentive to work on the public interest or produce public goods. That is because doing so consumes resources, but the...
Introducing Abundance Protocol
We are facing two fundamental problems in our economy that lead to all the crises we see today, from an impending AI dystopia to the crisis of trust in media and institutions, the climate crisis, social and political turmoil, and so on. What are these fundamental problems? While there is a strong incentive in the market to produce consumer products and services, there is a disincentive to work on the public interest or produce public goods. That is because doing so consumes resources, but the...
Abundance Roadmap: Everywhere All at Once
Abundance Protocol’s vision for a superaligned crypto ecosystem. We previously covered the start (development > testnet > mainnet) and the endgame stage (AI-powered consensus mechanism) of Abundance Protocol, but I feel that the intermediate stage (and progression) is somewhat unclear, so I’d like to discuss it in this post: The purpose of our protocol is to allow individuals to maximize their impact, and allow communities to sustainably fund common and public goods/infrastructure. This is tr...
Abundance Roadmap: Everywhere All at Once
Abundance Protocol’s vision for a superaligned crypto ecosystem. We previously covered the start (development > testnet > mainnet) and the endgame stage (AI-powered consensus mechanism) of Abundance Protocol, but I feel that the intermediate stage (and progression) is somewhat unclear, so I’d like to discuss it in this post: The purpose of our protocol is to allow individuals to maximize their impact, and allow communities to sustainably fund common and public goods/infrastructure. This is tr...
Is Crypto the Ultimate Universal Coordination Mechanism?
How do we solve the biggest challenges facing humanity? From environmental degradation to chronic diseases, the crisis of trust in institutions, food and water security, and so on, the main limiting factor is not the lack of resources or people to solve these problems, but the lack of an effective Universal Coordination Mechanism (UCM) to align people’s incentives at the largest scale toward solutions. Let’s take a look at our most powerful UCMs and see why crypto may be the ultimate UCM to a...
Is Crypto the Ultimate Universal Coordination Mechanism?
How do we solve the biggest challenges facing humanity? From environmental degradation to chronic diseases, the crisis of trust in institutions, food and water security, and so on, the main limiting factor is not the lack of resources or people to solve these problems, but the lack of an effective Universal Coordination Mechanism (UCM) to align people’s incentives at the largest scale toward solutions. Let’s take a look at our most powerful UCMs and see why crypto may be the ultimate UCM to a...
How Crypto Can Fix Social Media
If you spend enough time on social media you begin to wonder if these platforms were intentionally designed to keep people angry and divided. We don’t ask for much from social media; connecting with friends and family, getting useful information, having civilized conversations, sharing opinions and ideas, and so on — that is what we want. Simple, right? But what we get is the polar opposite: fighting with strangers, too much misinformation and lies, incessant outrage, hate and hyperpolarizati...
How Crypto Can Fix Social Media
If you spend enough time on social media you begin to wonder if these platforms were intentionally designed to keep people angry and divided. We don’t ask for much from social media; connecting with friends and family, getting useful information, having civilized conversations, sharing opinions and ideas, and so on — that is what we want. Simple, right? But what we get is the polar opposite: fighting with strangers, too much misinformation and lies, incessant outrage, hate and hyperpolarizati...
