@trent
1/20
I spoke at the Protocol Symposium on "The Political Economy of Protocols" https://youtu.be/fqawzyiWXlc
Core claim: a protocol can't be separated from the contestable institutions, labor, funding, and legitimacy that shape it.
thread on framework + case studies 🧵
2/20
Protocols generate orders of magnitude more value than they capture. Open source would cost ~$4B to recreate, yet generates ~$9T downstream (Hoffmann, Nagle, Zhou).
The commons still needs governance, labor, and funding. Who governs those flows, and the protocol?
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