Network Common Goods

The essay proposes "Network Common Goods" as a framework for funding blockchain ecosystems, combining the open access of public goods with the network-driven value of network goods. It argues that the traditional public goods concept, defined by Paul Samuelson in 1954, does not fully fit crypto projects, since their software often excludes non-users and those who cannot afford transaction fees. The author defines a network common good as a good that is non-rivalrous and non-excludable in consumption and creates value from positive network effects beyond the sum of users' willingness to pay. The essay also says network goods tend to converge on monopolies, which conflicts with open, decentralized crypto values.