intersubjective mechanism design @ poidh.xyz - come chill /poidh + follow @poidhbot

consider the step changes humanity has previously had:
- barter system: items of explicit value exchanged (direct relationship)
- coinage: physical tokens holding value through precious metal (first-order derivative)
- notes: notes with corresponding collateral assets, becomes a measurement of the value of a nation (second-order derivative)
- fiat: notes with no corresponding collateral, becomes a measurement of the value production of a nation (third-order derivative)
- crypto: tokens with no corresponding collateral, becomes a measurement of the shared value change across nations (fourth-order derivative)

stretch your mind. What does a fifth-order derivative look like?

think about the impending fifth-order derivative

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium