15/7/2022 Weekly Tokenomics Nuggets
Week of July 15.
Balaji Srinivasan and Tim Ferriss discuss the network state
This ties in with our future of work discussion and brings it to the next level
Bitcoin and the Promise of Independent Property Rights
This piece articulates how Bitcoin detaches property rights from the legal system and the monopoly on violence.
In the past, we need a monopoly on violence to have a legal system, and we need a legal system to have property rights.
For the first time, we can have property that does not rely on a local authority to enforce and protect. It is easy to conceal, defend, divide, move, and verify — all by yourself, granting you the highest level of personal sovereignty.
https://medium.com/@hasufly/bitcoin-and-the-promise-of-independent-property-rights-8f10e5c7efa8
Bullshit investing
lots of great quote and depth in this piece - what i like most are the red flags. Very applicable to crypto:
Projected returns far above historical equity returns
Claims of returns significantly exceeding bond yields with little or no risk
Extrapolation of recent extreme investment performance into the future
Overly complex investments with non-transparent sources of return
Perverse incentives for the people selling the investment
DeFi flywheel and reverse DeFi flywheel
“Ponzinomics as a growth strategy is fundamentally unsustainable and will inevitably collapse in on itself”
Future web3 use cases
Great piece in which Packy walks through
Regenerative Finance (Klima, Toucan, Flow Carbon etc.)
Decentralised science
web3 social apps
Gaming
Decentralised storytelling
Tokengated commernce
Data ownership
Soulbound tokens, DAOs, ZKPs