Is cryptoeconomy just a refinement and acceleration of a capitalist economy or can it create a new understanding of Economy? This article explains how it could be either or, indeed both, by introducing the chapter “Crypto-Political Economy” of our upcoming white paper.
“The technology permits both capitalist and social versions to be designed centrally or in a distributed way. In both cases, there are clear cost and speed advantages of cryptoeconomic platforms because of the absence of need for central clearing houses, and we see large corporations and states adopting the technology for fast, low cost and accurate record keeping.”
This article offers a detailed comparison of definitions relevant to cryptoeconomics, encompassing the components at play. In revealing that the underlying economics of current blockchain endeavors is remarkably conventional and conservative, this articles evinces pathways and hacks towards radical post-capitalist alternatives.