CRYPTOECONOMIC
NETWORK
1. Owned by the community
2. Governed by the community
3. Open source
4. Secured through distributed consensus, cryptography, and public / private key pairs
5. Global from day one
1. Owned by shareholders (which skews towards finance firms, executives, board directors, and early employees)
2. Governed by shareholders (in practice, governance is usually controlled by the board, CEO, and sometimes activist investors)
3. Most code is private
4. Data is secured by the company's engineering team
5. The network becomes global over time