Social Scalability: The Most Important Idea In Cryptocurrency?
There are certain ideas which have incredible efficiency. They are able to explain so much with so little.
It is staggering how much of the biological world could be explained once you grasp the idea of evolution by natural selection.
Likewise, a basic grasp of Newtonian physics is enough to explain much of the behavior of the physical world around us.
I tend to notice when I’ve stumbled on one of these ideas because I keep coming back to it.
There’s an "all-road-lead-to-it effect." It seems to solve a whole host of different problems that do not at first appear to be connected.
One of these ideas for me over the past twelve months has been social scalability.
The term was coined by Nick Szabo, a cryptography researcher that designed BitGold, one of the precursors to Bitcoin.
As I’ve done more and more research into crypto, many of those new rabbit holes seem to lead back to social scalability.
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