Jesse Walden, a former a16z investment partner and Mediachain cofounder, and Robert Leshner, founder and CEO of Compound, do a “Deep Dive on Decentralization.” Walden starts with a playbook for progressive decentralization — the process by which crypto project creators build a useful product, create a community around that product, and then gradually hand over control of the maturing network to the community. This process is in keeping with the cooperative model of crypto networks, which drives rapid, compounding innovation through better alignment of incentives and open participation. Leshner follows with a case study of his experiences at Compound, an automated money market for crypto assets in which lenders and borrowers can come together to transact without the involvement of third parties. Compound, one of the first crypto projects to move through the full progressive decentralization model, built a thriving community of third-party application developers, who have set up shop on top of Compound’s smart-contract protocol. The Compound team has gradually brought this community further into the protocol’s inner workings; in the final stages before handoff to the community, the founding team made changes transparently, with greater reliance on the community’s input, and created a sandbox for experimentation to test governance mechanisms. Decentralizing “allows the protocol to live forever,” Leshner says, which fosters innovation because developers can trust the protocol with their businesses and livelihood.
Andreessen Horowitz’s Crypto Startup School brought together 45 participants from around the U.S. and overseas in a seven-week course to learn how to build crypto companies. Andreessen Horowitz is partnering with TechCrunch to release the online version of the course over the next few weeks.
Find more Crypto Startup School videos plus additional reading and info:
Cythz
June 10, 2020 at 8:01 pm
Loved it
Rahul Mathur
June 21, 2020 at 5:15 am
This was great 🙏thank you very much!
Arian Finnegan
June 17, 2021 at 4:07 pm
dont know if anyone cares but if you’re stoned like me during the covid times you can stream all the latest movies and series on instaflixxer. Been binge watching with my girlfriend recently =)
Kyrie Dustin
June 17, 2021 at 4:18 pm
@Arian Finnegan definitely, been watching on instaflixxer for years myself =)
Brody Emmitt
June 17, 2021 at 4:18 pm
@Arian Finnegan yea, I’ve been watching on InstaFlixxer for since december myself =)
Malachi Nova
June 17, 2021 at 4:18 pm
@Arian Finnegan Yea, been watching on instaflixxer for years myself 😀
Nandit Mehra
August 30, 2020 at 9:19 am
great video on building an awesome decentralized product
mathis P
October 24, 2020 at 8:48 am
mmm… He didn’t actually answer what is their business model… does anyone know ?
Happy D
January 22, 2021 at 7:19 am
Give us free Compund Robert
Monopoly
January 29, 2021 at 2:55 pm
Thanks
Abhi Goel
May 16, 2021 at 10:51 pm
thank you!
Wetware Records
August 24, 2021 at 11:32 pm
We really love this video! Very inspiring. Especially for our team that’s working on decentralized social media daily.
We’d love to send you our whitepaper
prasad mahadik
September 30, 2021 at 6:56 am
Great videos! Are there going to be more of these videos?
Leonardo D Giuseppe
December 2, 2021 at 2:03 am
mi mind blow at 25.
essa aula é um grande passo para a humanidade. Amado, gratidao por todos seus ensimentos.
this class is a big step for humanity. Beloved, gratitude for all your feelings.
Daniel Ospina
January 3, 2022 at 3:20 pm
Very old fashioned thinking. No wonder they are a web2 VC