-Global, meaning you can participate from anywhere.

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

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

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?

-Efficient because intermediaries have been replaced with smart contracts.

We now have Ethereum, so we can build an IoJ that is more:

-Governerable by communities, creating more aligned incentives.

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

A common misconception is that the IoJ will be like the gig economy. It is true that gig sites like UpWork, Fiver, Uber, and others have been hallmark web2 marketplaces.