Squad Wealth By Sam Hart, Toby Shorin, Laura Lotti. "SQUADS HAVE EXISTED FOR THOUSANDS OF YEARS as vital forms of social and economic organization. Thanks to group chats and a wave of private online social platforms, squads are reemerging today as a potent cultural force that rejects a strictly individualist market philosophy. Squads play a key role not only in internet community dynamics but in emerging economic networks. Hawala, chit funds, chamas and other forms of P2P savings or credit associations are notable precursors to the kinds of financial relationships we anticipate decentralized cryptocurrency protocols will soon enable. These proto-squads are an example of Coaseian logic at play—that is, strong internal coordination decreases transaction costs, enabling greater productive capacities and financial opportunities as a group."