Hyperstructures
Public.icon
https://gyazo.com/d61096125cb239cc0e3bcd341bd13bda
https://jacob.energy/hyperstructures.html
Japanese translation by MorleySheen
Hyperstructures
https://mirror.xyz/0xF5CA53792C47e3a0792380292D15c894097015fF/tdP78CRVzIG5HBl6ZVXpFDjRDeexOp5bdxH1MxM3Xa0
Translated: "Hyperstructures" attempts to articulate the elements that are important for building protocols as Public goods, and I think it is a concept that can inspire building crypto projects. In short, Hyperstructures are beautiful... https://t.co/1NMx2SDxVA
@MorleySheenMorleySheen.icon October 20, 2022&t=sH8O16RZ1c7-Hfp-4xUh4Q
Discussion about Zora
MORi.icon introduces the definition of public goods
Public goods refer to goods that have both the characteristics of non-rivalry in consumption and non-exclusion of consumption.
Non-rivalry in consumption means that "even if one person consumes the good, the amount of the good that others can consume does not decrease."
For example, if you eat an apple, the amount of apples that others can consume will decrease by the amount you ate.
Non-exclusion of consumption means that "it is difficult to exclude specific consumers from consumption."
For example, in the case of national defense, it is unlikely that "we will not protect only your house even if the enemy attacks," so national defense satisfies non-rivalry in consumption.
Generally, things with high publicness such as elderly care services and education are called public goods, but they do not satisfy the characteristics of public goods, which are non-rivalry in consumption and non-exclusion of consumption.
Care must be taken when discussing public goods, as the atmosphere that can be inferred from the words and the actual meaning of the words are different. Reference: "The Power of Microeconomics" by Michihiro Kamitori
Definition of Hyperstructures
A crypto protocol that runs forever for free without maintenance, interruption, or intermediaries.
Is this Smart Contracts and Gas Fees - Web3 Products are Highly Sustainable? Or rather, Previous companies, interviews and appearances related to oneself.icon definitely perceived this.
Can private goods be provided by DAOs?
Hirasho Akira said "Web3.0 is the 'new capitalism', but how much of the actual government functions can it cover? Problem #61fe677209c5f20000945387"
Unstoppable: The protocol cannot be stopped by anyone. It will continue to function as long as the underlying blockchain exists.
Free: The overall protocol fee is 0%, and it only operates on gas fees.
Valuable: It generates value that owners can access and sell.
Expansive: Incentives for protocol participants are built in.
Permissionless: It is universally accessible and censorship-resistant. Developers and users cannot be excluded from the platform.
Positive-Sum: By using the same infrastructure, participants create a win-win environment.
Credibly Neutral: The protocol does not choose users.