entity · derived
Decentralized economy
Derived node: assembled mechanically from the claims carrying decentralized-economy. A roster, not an adjudicated definition.
Every claim under this term
- 3402701-001 : A currency that does not hold a stable store of value forces continual recalculation and renegotiation of contracts, so any future decentralized economy will require stable cryptocurrencies.
- 3782201-021 : Despite billions of dollars of investment, radically decentralized tools including bitcoin currency, Ethereum smart contracts, and the InterPlanetary File System have not pervaded the mainstream econo
- 3782201-022 : The killer app for the decentralized economy is the DAO, a company governed autonomously by smart contracts and organized without any single permanent governing authority or concentrated ownership, wh
- 3782201-025 : New DAO proposals appear almost quarterly in the 2020s and most fail because of a lack of decentralized governance solutions.
- 3782201-031 : Centralized company formation is supported by an enormous infrastructure amounting to all of civilization, so the entire environment of the decentralized economy must be built before it can support it
- 3782201-034 : Unless the Web3 vision builds at least the features and social advantages of the current political and legal systems into its economy, the decentralized economy will merely be a parasite on the dying
- 3782201-037 : Without decentralized versions of the services that overhead institutions provide, including justice, media, banking, underwriting, and insurance, DAOs will not be able to compete with centralized com
- 3782205-022 : Without a secure and meaningful reputation system, none of the other aspects of the decentralized economy will be effective, which makes reputation a precondition for the rest.
- 3782205-026 : Reputation and governance are the two most important institutions missing from the decentralized economy, and once they are solved the remaining missing pieces are relatively easy to supply.
- 3782216-001 : The decentralized economy cannot fully proliferate until it acquires the institutions ordinary commerce depends on, above all a secure and meaningful reputation system for anonymous supranational part
- 3782217-034 : A culture of respect for history is unnatural and must be consciously policed, which makes it another of the essential catalyst institutions that has to be deliberately built into the decentralized ec