1. Initial distribution // no ID == no ponzi
  2. Consensys mechanism // should be PoUW — usefull work
  3. Tokenomics // supply/demand — should be relatively stable, backed by gold, BTC or not backed
  4. Blockchain trillema // indirect solutions
  5. Privacy and interop // private by default, interop with other crypto & non crypto
  6. Governance, no governance // governance based on governor KPIs

There are many other issues, like cybersecurity, MEV, programmability (aka smartcontracts)…

Decentralized infra is required:

  1. Decentralzied networks, centralized ISPs can ban your transactions or manipulate the traffic // mesh networks
  2. Centralization on hardware/software corps // 3d printed own devices
  3. Decentralized renewable energy // solar panels, wind generators, etc.




Yes, there is a lot of research and theories regarding people sentiments. Fun fact if the majority of people in a country believes there is going to be a recession they will most likely cut spending and start saving which courses a recession. Same logic with inflation.

Behavioral economics is the field for this btw.

For sure behavioral economics rules.

Surely having good morale is the point of life. To think of morale in the context of how it affects the economy is grotesque — the question rather is how does the economy affect morale

Book: Narrative Economics: How Stories Go Viral and Drive Major Economic Events



thread, read in web

DAO platform:

  • Governance tokens slashnig/rewarding // DAO KPIs
  • MotherDAO // DAO platform for other DAOs

Successful decision-makers get more $power as they govern, which increases their voting power. $power supply is limited, unsuccessful governance burns $power, and successful one buys it back off the market, so there’s a constant buy pressure. Limited resource of $power is akin to limited resource in the blockchain consensus, where the idea is that no one can have an unlimited resource and the actual resource one possesses determines his stake in the consensus process.