6min chapter

The Blockchain Socialist cover image

Overthrowing The Network State: Untangling Balaji's Helical Theory of History

The Blockchain Socialist

CHAPTER

The Network State in Cryptocurrency

I think neo-institutionalism thinks about legitimacy trust as this ordering affect of what you know commitment the commitment is a huge issue for all of these mechanisms. When you start to look at the broader crypto space you see less economic rationale rationality going on in much more socialization and just other intrinsic reasons for participation. I don't actually have a problem with this idea that we can just imagine everyone doesn't have everyone is rich and has no material, he says.

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