The Internet of Jobs is coming on Bankless

This deserves its own post. What’s the relationship of capital to labor? How do supply and demand fit in together? How do we measure success? How to balance short-term incentives with long-term incentives? Where do social safety nets fit in? Where can we further align incentives?

token emission + reputation + learning + impact = f(time, materials, skills, output, other signals)

Of course it would be foolish to believe that you can boil down all this down to just money. There are many other implications on human welfare, and they will be explored as well. So really, the formula for the IoJ is:

Read in plain English, the tokens you earn are the results of f(inputs) where inputs are the time, materials, skills, the value of the work output you create.

token emission = f(time, materials, skills, work output, … other signals)

-Efficient because intermediaries have been replaced with smart contracts.

-Governerable by communities, creating more aligned incentives.

-Transparent, which means no more information asymmetries

-Immutable, which means your assets can’t be seized.