Dennis Nazarov: Base crypto layers resemble countries while top-layer apps resemble corporations
Dennis Nazarov · a16z Podcast | Cryptonetworks as Emerging Economies (Done Right?) · Feb 26, 2019 · at 19:12
Dennis Nazarov discusses protocol stack governance and economic models on the a16z Podcast.
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“And maybe an analogy is the base layer is sort of like a country. It's like, you're a citizen of America. You get to vote and participate in, you know, elections and to decide kind of policy. Taxation policy is the substrate for all economic activity built on top of America. And then there's more specific, you know, corporations inside of America and they have their own governance practices. They have their own equity and then participating in them is, is much more specialized. But you have this broad substrate that everyone else builds on top of with different governance parameters.”
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