People use the word 'cryptoeconomy' or 'cyber economy' a lot. What does it mean? Is it a buzzword, or something big?
I think its big. In fact, if we personified it, would forsure be a real g moving in silence.
With crypto, you're essentially creating a level playing field. This switches up the rules of the game, and 90% of folks haven't realized this. Think Runescape, but with real money involved. This is big, and probably the pillars of what crypto establishes in the next ten years.
The coolest thing? We don't know the 'who, what, why, and when' this happens, but when it does, things are going to get real intersting.
Wtf is the Cryptoeconomy?
The cryptoeconomy is one, global, digital marketplace for everything that you can think of.
Steam markets are highly illiquid, prone to impersonations and hacks, and hard to appraise. The solution? Built a tiny ecosystem around traders.
Rough consensus on how to measure reputation
Trades made by a user on a platform slowly increment their reputation.
Ethereum addresses / ENS names
Smart contract suite (exclusively on L2?)
agreed upon means of documenting a fradulent trade + reporting it. Proper consensus on who moderates disputes, and how they're resolved. Can we create a list of 'banned' addresses? Probably
Obvious choices are to introduce a token and a DAO, align interests through them. However. I'd prefer starting off without a token and focus on PMF.
The cyber economy has been around for a while, in a fragmented state. Crypto has the opportunity to unify all of the cyber economy.