Contents

  1. Cover
  2. About the Author
  3. Title Page
  4. Dedication
  5. Epigraph
  6. Introduction
    1. Three Eras of Networks
    2. A New Movement
    3. Seeing the Truth
    4. Determining the Internet’s Future
  7. Part One: Read. Write.
    1. 1: Why Networks Matter
    2. 2: Protocol Networks
      1. A Brief History of Protocol Networks
      2. The Benefits of Protocol Networks
      3. The Fall of RSS
    3. 3: Corporate Networks
      1. Skeuomorphic and Native Technologies
      2. The Rise of Corporate Networks
      3. The Problem with Corporate Networks: The Attract-Extract Cycle
  8. Part Two: Own.
    1. 4: Blockchains
      1. Why Computers Are Special: The Platform-App Feedback Loop
      2. Two Paths to Adoption: “Inside Out” versus “Outside In”
      3. Blockchains Are a New Kind of Computer
      4. How Blockchains Work
      5. Why Blockchains Matter
    2. 5: Tokens
      1. Single-Player and Multiplayer Technologies
      2. Tokens Represent Ownership
      3. The Uses of Tokens
      4. The Importance of Digital Ownership
      5. The Next Big Thing Starts Out Looking Like a Toy
    3. 6: Blockchain Networks
  9. Part Three: A New Era
    1. 7: Community-Created Software
      1. Modding, Remixing, and Open Source
      2. Composability: Software as Lego Bricks
      3. The Cathedral and the Bazaar
    2. 8: Take Rates
      1. Network Effects Drive Take Rates
      2. Your Take Rate Is My Opportunity
      3. Squeezing the Balloon
    3. 9: Building Networks with Token Incentives
      1. Incentivizing Software Development
      2. Overcoming the Bootstrap Problem
      3. Tokens Are Self-Marketing
      4. Making Users Owners
    4. 10: Tokenomics
      1. Faucets and Token Supply
      2. Sinks and Token Demand
      3. Tokens Can Be Valued Using Traditional Financial Methods
      4. Financial Cycles
    5. 11: Network Governance
      1. The Nonprofit Model
      2. Federated Networks
      3. Protocol Coups
      4. Blockchains as Network Constitutions
      5. Blockchain Governance
  10. Part Four: Here and Now
    1. 12: The Computer versus the Casino
      1. Regulating Tokens
      2. Ownership and Markets Are Inextricable
      3. Limited Liability Corporations: A Regulatory Success Story
  11. Part Five: What’s Next
    1. 13: The iPhone Moment: From Incubation to Growth
    2. 14: Some Promising Applications
      1. Social Networks: Millions of Profitable Niches
      2. Games and the Metaverse: Who Will Own the Virtual World?
      3. NFTs: Scarce Value in an Era of Abundance
      4. Collaborative Storytelling: Unleashing Fantasy Hollywood
      5. Making Financial Infrastructure a Public Good
      6. Artificial Intelligence: A New Economic Covenant for Creators
      7. Deepfakes: Moving Beyond the Turing Test
  12. Conclusion
    1. Reinventing the Internet
    2. Cause for Optimism
  13. Acknowledgments
  14. Notes
  15. Index
  16. Copyright
  1. 289
  2. v
  3. vii
  4. xiii
  5. xiv
  6. xv
  7. xvi
  8. xvii
  9. xviii
  10. xix
  11. xx
  12. xxi
  13. xxii
  14. xxiii
  15. xxiv
  16. xxv
  17. xxvi
  18. xxvii
  19. xxviii
  20. 1
  21. 3
  22. 4
  23. 5
  24. 6
  25. 7
  26. 8
  27. 9
  28. 10
  29. 11
  30. 12
  31. 13
  32. 14
  33. 15
  34. 16
  35. 17
  36. 18
  37. 19
  38. 20
  39. 21
  40. 22
  41. 23
  42. 24
  43. 25
  44. 26
  45. 27
  46. 28
  47. 29
  48. 30
  49. 31
  50. 32
  51. 33
  52. 34
  53. 35
  54. 36
  55. 37
  56. 38
  57. 39
  58. 40
  59. 41
  60. 42
  61. 43
  62. 44
  63. 45
  64. 47
  65. 49
  66. 50
  67. 51
  68. 52
  69. 53
  70. 54
  71. 55
  72. 56
  73. 57
  74. 58
  75. 59
  76. 60
  77. 61
  78. 62
  79. 63
  80. 64
  81. 65
  82. 66
  83. 67
  84. 68
  85. 69
  86. 70
  87. 71
  88. 72
  89. 73
  90. 74
  91. 75
  92. 76
  93. 77
  94. 78
  95. 79
  96. 80
  97. 81
  98. 82
  99. 83
  100. 84
  101. 85
  102. 86
  103. 87
  104. 88
  105. 89
  106. 90
  107. 91
  108. 92
  109. 94
  110. 93
  111. 95
  112. 97
  113. 98
  114. 99
  115. 101
  116. 102
  117. 103
  118. 104
  119. 105
  120. 106
  121. 107
  122. 108
  123. 109
  124. 110
  125. 111
  126. 112
  127. 113
  128. 114
  129. 115
  130. 116
  131. 117
  132. 118
  133. 119
  134. 120
  135. 121
  136. 122
  137. 123
  138. 124
  139. 125
  140. 126
  141. 127
  142. 128
  143. 129
  144. 130
  145. 131
  146. 132
  147. 133
  148. 134
  149. 135
  150. 136
  151. 137
  152. 138
  153. 139
  154. 140
  155. 141
  156. 142
  157. 143
  158. 144
  159. 145
  160. 146
  161. 147
  162. 148
  163. 149
  164. 150
  165. 151
  166. 152
  167. 153
  168. 154
  169. 155
  170. 156
  171. 157
  172. 158
  173. 159
  174. 160
  175. 161
  176. 162
  177. 163
  178. 164
  179. 165
  180. 166
  181. 167
  182. 168
  183. 169
  184. 171
  185. 172
  186. 173
  187. 174
  188. 175
  189. 176
  190. 177
  191. 178
  192. 179
  193. 180
  194. 181
  195. 183
  196. 185
  197. 186
  198. 187
  199. 188
  200. 189
  201. 190
  202. 191
  203. 192
  204. 193
  205. 194
  206. 195
  207. 196
  208. 197
  209. 198
  210. 199
  211. 200
  212. 201
  213. 202
  214. 203
  215. 204
  216. 205
  217. 206
  218. 207
  219. 208
  220. 209
  221. 210
  222. 211
  223. 212
  224. 213
  225. 214
  226. 215
  227. 216
  228. 217
  229. 218
  230. 219
  231. 220
  232. 221
  233. 222
  234. 223
  235. 224
  236. 225
  237. 226
  238. 227
  239. 228
  240. 229
  241. 230
  242. 231
  243. 232
  244. 233
  245. 234
  246. 235
  247. 236
  248. 237
  249. 238
  250. 239
  251. 240
  252. 241
  253. 242
  254. 243
  255. 244
  256. 245
  257. 246
  258. 247
  259. 248
  260. 249
  261. 250
  262. 251
  263. 252
  264. 253
  265. 254
  266. 255
  267. 256
  268. 257
  269. 258
  270. 259
  271. 260
  272. 261
  273. 262
  274. 263
  275. 264
  276. 265
  277. 266
  278. 267
  279. 268
  280. 269
  281. 271
  282. 272
  283. 273
  284. 274
  285. 275
  286. 276
  287. 277
  288. 278
  289. 279
  290. 280
  291. 281
  292. 282
  293. 283
  294. 284
  295. 285
  296. 286
  297. 287
  1. Cover
  2. Frontmatter
  3. Contents
  4. Begin Reading
Previous Chapter Next Chapter