On Nathan Schneider on the limits of cryptoeconomics

Without a long-term vision of the world we desire… how can we distinguish scaffolding from foundation? How do we know which paths lead toward liberation, and which perpetuate the status quo? This is my frustration with the majority of the “post-monetary” discourse. In general, I’m not interested in cryptocurrencies: I’m not interested in replacing ... See more

More recently, Vitalik Buterin and others in the cryptocurrency community have taken up the rhetoric of blockchain mechanisms as public goods. To be sure, crypto protocols are among the most compelling novel institutional forms. Their unique capabilities derive from their "public" qualities: unrestricted membership and participation, open APIs, tra... See more

I highly recommend reading the book, but wanted to take a stab at proposing some inflections that exist within crypto that have been top of mind for me.

The new existence of low cost global permissionless payment rails. For the first time you can now send or accept money from anyone on earth for fractions of a penny. With the improving UX of crypto ... See more

Incentive DesignTokenomics are a tool for aligning the incentives of participants in a network. It is extremely important to identify what behavior is required from each participant in an ecosystem in order for the network to achieve a virtuous cycle. Equally important is designing suitable token incentives that encourage the desired market behavio... See more