[P2P-F] Crucial insights into egaliterian potential of the crypto-economy

Tue May 15 11:01:33 CEST 2018

This article from Dick Bryan is the first one bringing it all together,
giving clear criterial for p2p/commons oriented crypto developments, I had
intuited some of them, but was not able to bring it all together yet as
this author has:

https://medium.com/econaut/what-is-a-crypto-economy-155bdbc4ab1d

Some criteria to look for (via Dick Bryan):

   - *1.* "Programmable organizations enable production to be organized in
   a way that makes social criteria the rationale for production; not a
   constraint on it."

[1] <https://medium.com/econaut/what-is-a-crypto-economy-155bdbc4ab1d>

   - *2.* "The rise of ‘networks’ as modes of corporate organization breaks
   down the conventional means that differentiate one corporation from another
   and challenges the principle of ‘competition’ as the driver of corporate
   rationale. These are both issues that feature prominently in decentralized
   applications."

[2] <https://medium.com/econaut/what-is-a-crypto-economy-155bdbc4ab1d>

** 3. Mechanisms, like tokens, that allow surplus value to be retained by
the workers, not capital.*

" Changes in the nature of work (precarization, casualization,
subcontracting, the rise of the gig economy) see workers carrying greater
risks and break down the attachment of work and living standards to
employment. There is growing interest in alternative ways of organizing
work." [3]
<https://medium.com/econaut/what-is-a-crypto-economy-155bdbc4ab1d>

*4.* "the real potential is cryptocurrencies as units of account: as modes
of measuring economic activity that are conceived differently from those
intrinsic to fiat money. Fiat money has become tied to conventional
framings of profit and loss, income and expenditure, and a market-centred
calculus. Non-fiat monies have the potential for developing new ways to
calculate economic activity; ways that represent different social and
economic values, and measure performance by criteria other than profit.
Think about it for a moment. The unit of account potential signals the
importance of the crypto economy developing ways (not a singular way, but
coin-specific ways) of accounting and measuring the activities supported by
each token. We see this as central to giving tokens a material basis in the
crypto economy; not just leaving them as speculative stores of value. ....
"Exchange is often between parties of unequal power, so mutual gain cannot
be presumed. An important issue of the crypto economy is how blockchain can
and cannot countermand asymmetrical power in trade. We see blockchain not
facilitating frictionless markets but rather frictionless capital:
distributed capital." [4]
<https://medium.com/econaut/what-is-a-crypto-economy-155bdbc4ab1d>

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