Listen, this is what economics design is all about. It's about aligning incentives between agents. With or without tokens (aka the incentive). And the economic rules to align incentives and coordinate trade-offs.

And that is how we are building our future of tmr.
The system today is messed up. We all know that. It isn't exactly a groundbreaking statement.

But... WHY?

Because incentives are misaligned. We also optimise for 1 measurable thing (usually money). There's nothing wrong w money and capitalism in its core, but its the trade-offs
What are we trading off in our optimisation function today?
What short-run benefits are at the expense of long-run costs because humans are flawed and we don't make decisions based on tomorrow, mainly based on the now?
Economics evolves. But the foundational principles still exist.

Incentives, disincentives & how it affects behaviours.

Supply, demand and coordination are the secondary foundational principle.
It's less so about "changing economics" as it is about using these foundational principles to channel them towards other types of optimisation that works for a larger social utility optimisation.
So how do we ALIGN these things that we already know. And APPLY them in new ways, learning from the experiences of the past and the now?

Don't think we cracked the code yet. Hopefully a step closer every day.
You can follow @lisajytan.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.