Bankless The Trillion Dollar L2 Opportunity | Part Two
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May 5, 2022 Discover the transformative potential of Layer 2 (L2) solutions in the crypto landscape. Learn how these innovations can fund public goods, revolutionizing support for essential resources. Explore the concept of Maximum Extractable Value (MEV) and its impact on revenue generation versus community investment. Dive into retroactive public goods funding and its implications for prioritizing societal projects. Hear about decentralized governance and how community engagement shapes decision-making, paving the way for new opportunities in L2 ecosystems.
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Public Goods Defined
- Public goods are shared resources that benefit everyone, like clean air or roads.
- They enhance quality of life and are crucial for a well-functioning society.
Public Goods Importance
- Public goods, often overlooked, significantly impact our lives, from schools to parks.
- They enhance the value of our communities and drive economic growth.
Blockchain's Public Good
- Blockchains' primary public good is security, funded by transaction fees (taxes).
- This model ensures fair distribution based on participation (hash power or stake).