May 18, 2022

Web3 today centers around expressing transferable, financialized assets, rather than encoding social relationships of trust. Yet many core economic activities—s Source: Decentralized Society: Finding Web3’s Soul by E. Glen Weyl, Puja Ohlhaver, Vitalik Buterin :: SSRN

Read More Decentralized Society: Finding Web3’s Soul by E. Glen Weyl, Puja Ohlhaver, Vitalik Buterin :: SSRN

Humans establish public goods to provide for shared needs like safety or healthcare. Yet, public goods rely on cooperation which can break down because of free-riding incentives. Previous research extensively investigated how groups solve this free-rider problem but ignored another challenge to public goods provision. Namely, some individuals do not need public goods to solve…

Read More Self-reliance crowds out group cooperation and increases wealth inequality | Nature Communications