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Nov 18

Limited Profit Public Goods & Multiplicative Donations

One of the most exciting things that Ethereum can provide for the world is fairer and freer financial services for everyone. The 2.35% transaction fee charged by Visa or Mastercard for nearly every “end-user” transaction that occurs on the planet is nearly all profit, and isn’t even close to representing the cost incurred of providing the service of transaction processing. On Ethereum, we don’t price gas for operations in a way to “enrich” Ether holders, we price gas in a way that is the chea...

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Limited Profit Public Goods & Multiplicative Donations

ThreeMuskets

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ThreeMuskets

I'm missing the cyberpunk ethos that Ethereum was born from, and tired of all the get rich quick bullshit. And these are my ramblings.

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Blog iconThreeMuskets
Oct 31
What Ever Happened to Public Goods?
I’m not sure if you’ve been around in this space long enough to have seen the Ethereum community back in 2015. What a different time that was. Back then, the prevailing narrative wasn’t getting rich on Ethereum. And it certainly wasn’t getting rich FROM Ethereum. (By “on Ethereum” I mean getting rich from developing dApps, tokens, services, software, etc. that run on the Ethereum network, and by “from Ethereum” I mean buying Ether to hold, and expecting its value to 100x) The prevailing narra...