The Bitcoin ecosystem will develop its venture capital. And it will be as activist for libertarian causes as Silicon Valley’s capital is for progressive ones.
Today there are few venture bets being made by Bitcoiners despite the large amounts of capital they control. Most believe that successful investments would still underperform BTC; HODLing has a better ROI. This is bound to change as the market cap keeps growing.
This paper proposes a new approach to introducing scarcity into identity systems without sacrificing privacy and self-sovereignty.
The method relies on quantifying attention flows between identities. It is predicated on the fact that attention is a basic element of all cognitive processes. It is also limited and therefore is a natural source of scarcity.