The difference between Public Goods Problems and Coordination Problems… and whether it matters.
By Michael Zargham, Scott Moore, and Matt Stephenson (author order randomized)Public Goods Problems and Coordination Problems describe some of the most fundamental and important challenges we face both in Web3 and the wider world. While they are related concepts, they are theoretically distinct. Is this a distinction without a difference? In this note we explore why game theorists and even behavioral economists (like one of your co-authors) make such a distinction. We will describe what the d...
PaperclipDAO's landmark first trade... and a tribute to the NFTs that got away
We just made our first trade! Paperclip DAO has swapped one $PAPER/$CLIP NFT for the 1/5 SE Earthen Concept Art Card offered by @bitcoinPalmer. Palmer welcome to PaperclipDAO! 🖇 We weighed several factors in making a final decision on which trade to accept. We care about more than just the economic value of a trade; we value the culture, story, and journey of the NFT as well. We also had to make a hard call about whether to honor the past or push towards the future. Our final poll after hour...
A Rain Dance for Productivity Growth
The First Industrial Revolution (“IR 1”) is the famous one, occurring a little before the year 1800. It connected people with railroads and steamships and yet, despite its fame, it brought almost no growth:Look how flat the curve is before ~1850. That curve is a measure our ability to do more with less, to meet our human needs without simply forcing everyone to work harder. And so it's interesting that IR 1 didn't really improve our lot, at least not for decades and decades after it...
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The difference between Public Goods Problems and Coordination Problems… and whether it matters.
By Michael Zargham, Scott Moore, and Matt Stephenson (author order randomized)Public Goods Problems and Coordination Problems describe some of the most fundamental and important challenges we face both in Web3 and the wider world. While they are related concepts, they are theoretically distinct. Is this a distinction without a difference? In this note we explore why game theorists and even behavioral economists (like one of your co-authors) make such a distinction. We will describe what the d...
PaperclipDAO's landmark first trade... and a tribute to the NFTs that got away
We just made our first trade! Paperclip DAO has swapped one $PAPER/$CLIP NFT for the 1/5 SE Earthen Concept Art Card offered by @bitcoinPalmer. Palmer welcome to PaperclipDAO! 🖇 We weighed several factors in making a final decision on which trade to accept. We care about more than just the economic value of a trade; we value the culture, story, and journey of the NFT as well. We also had to make a hard call about whether to honor the past or push towards the future. Our final poll after hour...
A Rain Dance for Productivity Growth
The First Industrial Revolution (“IR 1”) is the famous one, occurring a little before the year 1800. It connected people with railroads and steamships and yet, despite its fame, it brought almost no growth:Look how flat the curve is before ~1850. That curve is a measure our ability to do more with less, to meet our human needs without simply forcing everyone to work harder. And so it's interesting that IR 1 didn't really improve our lot, at least not for decades and decades after it...
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Round 2 is complete and PaperclipDAO has obtained a Cryptopunk and some Meebit to boot! We acquired CryptoPunk #3744 (long known as the “Paperclip Punk”) and a portion of a Dissected Meebit from Calvin Liu who gets a 1/5 SE Earthen Concept Art Card and 400 $CLIP in return. Calvin, welcome to PaperclipDAO! 🖇

We weighed several factors in making a final decision on which trade to accept. We care about more than just the economic value of a trade; we value the culture, story, and journey of the NFT as well. In Round 1, we picked the future. But the past always has a way of coming back around… And the 2 (ok 1.02) historic LarvaLabs NFTs we acquired bridge the past to the future beautifully.
This decision wasn’t easy; we received incredible offers and, as in Round 1, were sad to part with all the memorable NFTs that we couldn’t accept. Check out the full Round 2 offer thread to see all the amazing offers.
We only have time to highlight a few of our favorites. In no particular order, here is our homage to the ones that got away in Round 2:
Several offers paid homage to @paperclipDAO. To immortalize the Parallel Trade from @bitcoinPalmer, urukai (discord link) created 2 Proof of Beauty $HASH pieces: One that represents the tx from Palmer to Planck ($HASH sent to Palmer in tx - 0x9d685696e1401a38eee957665f57a720212b409b373c8fe275608309c44da9cb) and a second that represents the tx from Planck to the PaperclipDAO address. What an awesome gesture! We were also offered a $CLIP Kitty by AnimalTPFR (discord link).
We received several offers for Blitmaps, a really cool community started by Dom Hofmann. Blitmaps and their metadata are stored and processed entirely on-chain. There are 100 originals, created by 17 artists, which the community mixed to make 1,600 siblings — unique pieces that combine the composition of one original with the palette of another. We were offered a sibling: Pale Tower Warm Vibe (from avilés) and an original (!!!) #35 - Candy from itzler (

Granolah offered Ghxst 006 (discord link), one of the original 6! Ghxsts is an NFT project designed and created by NFT artist, GxngYxng. Each item in the collection is hand-drawn and released one at a time in random order. There are currently 101 Ghxsts, 42 Immxrtals, 50 Demxns, 12 Zxdiacs, 25 Alixns, and 9 Sirxns. Granolah later upped his offer to include 3 cool cats as well.
OhhShiny offered us Bored Ape 636, a zombie and dmt (and also our first BAYC offer!) The Bored Ape Yacht Club NFTs double as a PFP and a Yacht Club membership (aka a swamp club for Apes). We received a few other offers for PFPs: Sisyphus offered a crowned Pudgy Penguin and state (discord link
Each of these offers adds to the storied history of the PaperclipDAO and we couldn’t be more excited to add our second trade to the history books. In Round 2, we looked to the past, what does the future hold for Round 3? 🖇🖇
Round 2 is complete and PaperclipDAO has obtained a Cryptopunk and some Meebit to boot! We acquired CryptoPunk #3744 (long known as the “Paperclip Punk”) and a portion of a Dissected Meebit from Calvin Liu who gets a 1/5 SE Earthen Concept Art Card and 400 $CLIP in return. Calvin, welcome to PaperclipDAO! 🖇

We weighed several factors in making a final decision on which trade to accept. We care about more than just the economic value of a trade; we value the culture, story, and journey of the NFT as well. In Round 1, we picked the future. But the past always has a way of coming back around… And the 2 (ok 1.02) historic LarvaLabs NFTs we acquired bridge the past to the future beautifully.
This decision wasn’t easy; we received incredible offers and, as in Round 1, were sad to part with all the memorable NFTs that we couldn’t accept. Check out the full Round 2 offer thread to see all the amazing offers.
We only have time to highlight a few of our favorites. In no particular order, here is our homage to the ones that got away in Round 2:
Several offers paid homage to @paperclipDAO. To immortalize the Parallel Trade from @bitcoinPalmer, urukai (discord link) created 2 Proof of Beauty $HASH pieces: One that represents the tx from Palmer to Planck ($HASH sent to Palmer in tx - 0x9d685696e1401a38eee957665f57a720212b409b373c8fe275608309c44da9cb) and a second that represents the tx from Planck to the PaperclipDAO address. What an awesome gesture! We were also offered a $CLIP Kitty by AnimalTPFR (discord link).
We received several offers for Blitmaps, a really cool community started by Dom Hofmann. Blitmaps and their metadata are stored and processed entirely on-chain. There are 100 originals, created by 17 artists, which the community mixed to make 1,600 siblings — unique pieces that combine the composition of one original with the palette of another. We were offered a sibling: Pale Tower Warm Vibe (from avilés) and an original (!!!) #35 - Candy from itzler (

Granolah offered Ghxst 006 (discord link), one of the original 6! Ghxsts is an NFT project designed and created by NFT artist, GxngYxng. Each item in the collection is hand-drawn and released one at a time in random order. There are currently 101 Ghxsts, 42 Immxrtals, 50 Demxns, 12 Zxdiacs, 25 Alixns, and 9 Sirxns. Granolah later upped his offer to include 3 cool cats as well.
OhhShiny offered us Bored Ape 636, a zombie and dmt (and also our first BAYC offer!) The Bored Ape Yacht Club NFTs double as a PFP and a Yacht Club membership (aka a swamp club for Apes). We received a few other offers for PFPs: Sisyphus offered a crowned Pudgy Penguin and state (discord link
Each of these offers adds to the storied history of the PaperclipDAO and we couldn’t be more excited to add our second trade to the history books. In Round 2, we looked to the past, what does the future hold for Round 3? 🖇🖇
We already mentioned our beloved CryptoPunk #3744 but we also received an incredible offer from Andy8052 for 80,000 $DEAD tokens (currently valued at $200,000) which represent 6.66% of Zombie Punk #2066, (link to discord).
Mr. bulldops offered the 0xmons Dza (discord link), a Lovecraftian “pixel monster” generated by a neural net. Though we find it hard to believe that the artist behind this amazing project is the same 0xmons who created our beloved sudoswap, we have been assured this is actually the case.
We were also offered a FuckinTroll, a Shiny Nyan Cat (discord link), several Treeverse plots, and a few RTFKT NFTs. FunkySapienX offered a completed Budweiser Tom Sachs Rocket (discord link) as part of his proposed trade.
We were offered several other ParallelNFT cards, which were tempting as always.
A very fun offer was a pair of very clever ENS domains, twenti.eth and thirti.eth.
We were offered a Gods Unchained Genesis Card, the 1st NFT Digital album KINGS OF LEON x YELLOWHEART NFTS, a membership-token to the Elektra DAO, a collaboration of musicians using the blockchain to create a community, and Chapter 3 and Chapter 4 of the Elektra Story: a story in the form of NFTs.
Cliff Vandercave made an offer for a POAP token of a Rare Pepe created by Matt Furie himself, limited to about 500 participants who attended the event in the Metaverse. Cliff proposed that this swap would represent a unique intersection of PaperclipDAO, Parallel, Matt Furie, POAP, Metaverse DAO, and Cryptovoxels, forming a beautiful bond of NFT history (discord link).
We already mentioned our beloved CryptoPunk #3744 but we also received an incredible offer from Andy8052 for 80,000 $DEAD tokens (currently valued at $200,000) which represent 6.66% of Zombie Punk #2066, (link to discord).
Mr. bulldops offered the 0xmons Dza (discord link), a Lovecraftian “pixel monster” generated by a neural net. Though we find it hard to believe that the artist behind this amazing project is the same 0xmons who created our beloved sudoswap, we have been assured this is actually the case.
We were also offered a FuckinTroll, a Shiny Nyan Cat (discord link), several Treeverse plots, and a few RTFKT NFTs. FunkySapienX offered a completed Budweiser Tom Sachs Rocket (discord link) as part of his proposed trade.
We were offered several other ParallelNFT cards, which were tempting as always.
A very fun offer was a pair of very clever ENS domains, twenti.eth and thirti.eth.
We were offered a Gods Unchained Genesis Card, the 1st NFT Digital album KINGS OF LEON x YELLOWHEART NFTS, a membership-token to the Elektra DAO, a collaboration of musicians using the blockchain to create a community, and Chapter 3 and Chapter 4 of the Elektra Story: a story in the form of NFTs.
Cliff Vandercave made an offer for a POAP token of a Rare Pepe created by Matt Furie himself, limited to about 500 participants who attended the event in the Metaverse. Cliff proposed that this swap would represent a unique intersection of PaperclipDAO, Parallel, Matt Furie, POAP, Metaverse DAO, and Cryptovoxels, forming a beautiful bond of NFT history (discord link).
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