Every day, it feels like the web3 community gets closer to fulfilling the promise of a new kind of internet that, as my partner Chris Dixon recently put it, is “owned by the builders and users, orchestrated with tokens.” As this space goes mainstream and attracts more users—and scrutiny—so does the need to ensure deeper trust and confidence in the products and services being built on decentralized protocols. Central to this effort is security; if we are to build and scale the internet of valu...

Every day, it feels like the web3 community gets closer to fulfilling the promise of a new kind of internet that, as my partner Chris Dixon recently put it, is “owned by the builders and users, orchestrated with tokens.” As this space goes mainstream and attracts more users—and scrutiny—so does the need to ensure deeper trust and confidence in the products and services being built on decentralized protocols. Central to this effort is security; if we are to build and scale the internet of valu...

The outcome of the ConstitutionDAO was somewhat predictable. With the max bid of the DAO being public information, any interested buyer was aware of the floor price and could make sure to have sufficient capital on hand to win the auction. Meanwhile, the DAO was unable to collect additional capital, even though it was clear it could have with more time. Ken has made his fortune benefiting from exploiting asymetric information advantages in markets. His company, Citadel Securities, makes money...

The outcome of the ConstitutionDAO was somewhat predictable. With the max bid of the DAO being public information, any interested buyer was aware of the floor price and could make sure to have sufficient capital on hand to win the auction. Meanwhile, the DAO was unable to collect additional capital, even though it was clear it could have with more time. Ken has made his fortune benefiting from exploiting asymetric information advantages in markets. His company, Citadel Securities, makes money...

Acknowledging my own bias as a physician, I believe providers — in particular primary care physicians (PCPs) — are the central decision nodes whose incentives have been repeatedly overlooked in prior iterations of value-based payment models. There are nearly 300,000 primary care providers across the country, who function every day as powerful patient advocates, clinical experts, and decision makers; although their services account for 80% o...

Acknowledging my own bias as a physician, I believe providers — in particular primary care physicians (PCPs) — are the central decision nodes whose incentives have been repeatedly overlooked in prior iterations of value-based payment models. There are nearly 300,000 primary care providers across the country, who function every day as powerful patient advocates, clinical experts, and decision makers; although their services account for 80% o...