Economic grammar

Bitcoin identified the trusted intermediary component of capitalism - that capitalism is de facto a regime of verification which depends on faith, which again depends in the end on violence and coercion - and saw that there can be more freedom. It thus unleashed the question of the sociality of value (that value is always social-institutional), but didn’t give us yet a language to express it. Ethereum opened our imagination for possibilities of such a language. ECSA has been developing that language and its grammar: with it you can express new value forms, the relationality, sociality and organizationality of value, a.k.a., “composite agents”, “value networks”, “social derivatives”, “economic spaces”, i.e., social interaction spaces bounded by protocols. See also Social derivative.

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