5-3c1 One of the lessons from the last era of the internet is that if a service needs to be built, it will probably get built — if not as a public good, then as a private good

5-3c Knowledge is irreversible, and can only go from private to public

E.g., 5-3c2 BSM formula is technology, and took much longer than expected to catch on publicly

But now we have blockchains — we can publicly create a good that’s to be public, while getting compensated as contributors

• 8-1b4 Blockchains are new kind of computer
  • 4-1a4b2b2b Blockchains enable thoughtful evolution based on immutable rules and credible neutrality
    • 8-1b3a A blockchain takes the code seriously
• 12-1a2b4 Blockchains can change the course of history, in the sense of how history unfolds
  • 6-3b3b Not differentiating developers from users mean what attracts the former also attracts the latter, and vice versa
    • 6-3b3e Everyone benefits in blockchain and protocol networks