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The Econaut's Guide to Economic Space
  • Don't Panic!
  • Accounting
  • Agency
  • Agent
  • Arbitrage on intelligence
  • Attractor
  • Asset - Liability
  • Authoring futures
  • Autonomy
  • Big put
  • Capitalization
  • Capitalism
  • Chartalist money
  • Circuit of value
  • Clearing
  • Coin - Token
  • Collaborative finance
  • Collateral
  • Commodity
  • Commodity token
  • Commons
  • Computational medium
  • Co-reference
  • Credit
  • Cryptoeconomics
  • Cryptoeconomy
  • Dangerous game
  • Dealer function
  • Debt
  • Decentralized finance
  • Decision-making
  • Decolonised finance
  • Deconstruction
  • Derivative
  • Derivative community
  • Digitalization of economy
  • Discourse
  • Distributed
  • Distributed accounting protocol (Distributed book-keeping protocol)
  • Distributed credit protocol
  • Distributed exchange protocol
  • Distributed ledger
  • Distributed stake protocol
  • Dividend
  • Econaut
  • Econautics
  • Economic agent
  • Economic event
  • Economic expression
  • Economic grammar
  • Economic heresy
  • Economic intellect, Economic intelligence
  • Economic media
  • Economic network
  • Economic space
  • Economic space agency
  • Economic Space Agency (ECSA)
  • Economic space agent
  • Economic Space Protocol
  • Economy
  • ECSA token
  • Efficient market hypothesis
  • Exchange
  • Exchange Unit
  • Expression
  • Finance
  • Financial time that remains
  • Fundamental value, Fundamentals
  • General intellect
  • Gift
  • Governance
  • Grammar
  • Index
  • Indexical time
  • Information
  • Inside money/outside money
  • Issuance
  • Kybernetes
  • Language
  • Ledger
  • Liquidity
  • Liquidity crisis
  • Liquidity premium
  • Liquidity token
  • Living in the spread
  • Market
  • Market making
  • Medium
  • Metapragmatic grammar
  • Metapragmatics
  • Minting a coin
  • Modern Monetary Theory (MMT)
  • Money
  • Monetary economy
  • Monocracy
  • Navigation
  • Netting
  • Network
  • Network asset
  • Network commodity
  • Network derivative
  • Network premium
  • Offer
  • Outcome
  • Output
  • Peer-to-peer
  • Performance
  • Performance index
  • Performance script
  • Performative
  • Price
  • Postcapitalism
  • Postcapitalist economic media
  • Postcapitalist economic space
  • Postcapitalist information structure
  • Programmable economy
  • Protocol
  • Reciprocal stakeholding
  • Right
  • Risking together
  • Role
  • Security
  • Shorting capitalism
  • Social derivative
  • Space
  • Spread
  • Stability
  • Stake
  • Stakeholding
  • Stake token
  • Subjectivity
  • Surplus
  • Swap
  • Token
  • Trade
  • Trading agent
  • Unit of account
  • Value
  • Value graph
  • Value theory of performance
  • Volatility
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Cryptoeconomy

One of the most difficult things to understand about the cryptoeconomy is that it has a potential to cause an irreversible change in the economy itself: it has the power to turn the economy and its key conventions in themselves into a place of creation. Yet if you look at what is mostly going on in cryptoeconomics and decentralized finance you’ll immediately recognize the implicit embrace of the conservative economics orthodoxy of what is money, what are markets, what is credit used for, what's accepted as collateral and what incentives give the best social outcomes. We think it is this orthodoxy that is blocking the real potentiality of the emerging distributed computational substrate. That is why we have been especially focusing on re-thinking the economic component of cryptoeconomics: what exactly becomes economically and politically possible when our economic-organizational composition becomes bounded only by our creativity (when it becomes a software design question)? We want to unlock the potentiality of distributed computation by a new understanding of economy as a programmable network: a group of Agents interacting according to a shared understanding about the relations that make the network, its state and how it changes - opening its interaction protocols as a design and expression space for everyone. If you ask what is that new thing that the native properties of the emerging p2p networking technologies are making possible, our answer is: postcapitalist economic media. It is a more expressive medium to describe our economic networks, their participants, the nature of their relations and how they change, what they value, how it is counted and exchanged.

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Last updated 1 year ago