Original Address: https: //blog.coinbase.com/app-coins-and-the-dawn-of-the-decentralized-business-model-8b8c951e734f#.hboxfmq6d
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This makes the operation of the network easier. In the past, many networks tested all the methods to solve the problem of chicken or egg: reddit generated a lot of content before the user precipitated, facebook first to attract Harvard students, as the start of the network seed, the other examples are numerous.
Bitcoin and Ethernet are the first to use this de-center mode, and they use it to start the currency / trade network. The same pattern is now used to start other networks.
Imagine what would happen if this pattern was used for projects like twitter, wikipedia, facebook, reddit or uber? Is no longer a profit by controlling the rental network to create profits, but with a software agreement instead of the center operator, the network creators and contributors have this network. The web contributors (like the drivers of uber) are no longer worker bees, but the co-owners of the networks, who create value in this network.
This sub-central business model can be described as follows: do not need the central network operator x x. Do not need uber as the control of the driver and the passenger network company uber. Do not need redDit as a platform controller and creator of reddit. No facebook facebook. But business still exists, business support these networks, to provide them with value and services (such as to the uber driver checkout or background investigation); just no longer need a "owned" the network company.
This model is still relatively new, but the token and this new to the central model of the world has far-reaching significance:
It was a bit like the "Internet" company at the end of the 1990s, or the "mobile Internet" company in the late 2000s.
Capital acquisition will be more equal, anyone on earth can participate in a project. Projects run in Africa run in Silicon Valley with the same network (a global chain).
On the other hand, investment will be more equal. Everyone can get the same investment opportunities.
Therefore, the block chain has begun to bring us money to the Internet, and now began to bring us the assets of the Internet.
Future corporate law may be more like a lawyer and a lawyer / coder.
It would be meaningless if the model would not be generic but would apply to a particular block chain. Some projects create their own block chains (such as steem). Some of the other projects are based on some kind of mainstream digital money agreement (such as bitmaps based on the coin, based on the ether square augur). However, it looks like the token is constantly in the existing large block chain (such as the ether square) to create the same. The developer's tools will focus more on these block chains, just as many web apps are based on ruby on rails.
The increase in the number of tokens is like app stores the number of app growth: the beginning is very slow, and then is the exponential growth.
Like web app and mobile app, there will be thousands of tokens, and finally millions. Also with all the app, most of the token is ultimately worthless, part of the token will be successful, a very small number of tokens will grow into towering trees.
This wave to the center of the app of the wave, with the previous Internet companies, will experience failure. The industry has to go through a lot of failures, such as DAO events. Many of the items I have listed in this article may eventually fail. Some people are short-sighted, only to see the wave of the benefits of money, called the stock 2.0 or Wall Street 2.0, but the wave of meaning far more than that.
This is the biggest and most important trend we have seen in the digital money field in recent years. This will be the cornerstone of the first killer application in the future.
We just have to look at a few major agreements now, we will know how they bring us the benefits and convenience: http so that we can transfer data on the Internet, smtp so that we can send email, ssl so that we can safely Transfer data online. To the centralization of the agreement and tokens are just beginning, in the future they can bring more benefits. This means that more equality and opportunity means that the network of mutual ownership, more creation, but also means that consumers and businesses can have a better choice.
Regulators, such as the SEC, should definitely take a look at this industry. My hope is that they can see the different attributes of the tokens, not just the security they see, so that they can grow and develop like other software protocols. By doing so, they can release the potential of the agreement to make it an important force in the economy, just as the Internet does in the field of information.