Blockchain Future?

This is a very long, comprehensive essay on bitcoin, blockchain, and distributed network economics. Published in the NY Times.

Full article

An excerpt I find particularly relevant to the tuka model:

The token architecture would give a blockchain-based identity standard an additional edge over closed standards like Facebook’s. As many critics have observed, ordinary users on social-media platforms create almost all the content without compensation, while the companies capture all the economic value from that content through advertising sales. A token-based social network would at least give early adopters a piece of the action, rewarding them for their labors in making the new platform appealing. “If someone can really figure out a version of Facebook that lets users own a piece of the network and get paid,” Dixon says, “that could be pretty compelling.”

That would be tuka.

 

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