What is a blockchain community? Even in real life, this is a very special new organizational model. In a sense, it aligns more closely with the definition of organizational structure by Jensen and Meckling (1976): a collection of contracts. However, in many cases, these contracts are written in computer code. Take the Bitcoin community as an example. The entire community operates through a set of open-source computer code. This code is the contract that manages the operations of the entire Bitcoin community, without any specific managers beyond the contract itself. Although Satoshi Nakamoto, the creator of Bitcoin, can be seen...
July 31, 2025July 31, 2025