
Sergey Nazarov on Why the World Needs a New Model of (Cryptographic) Trust
The Breakdown
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The Transition to a More Deterministic World
I think what you're really talking about is a kind of digital communal ownership, where the people that create the applications cannot simply extract all of the value by owning the means of production. And so I think there's this type of, and you see this actually in a lot of these DeFi protocols that have communities where everyone can understand exactly what's going on with those protocols and those systems. In the early stages of those systems, I think it creates a lot of friction,. But in the later stages, it will continue to be valuable. So I think society will be changed also in that way, where people will not just be users, they will be community members of different products, basically
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