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once it occurred to me, the cryptoeconomy is pretty circular - we're basically all just sending money to eachother in exchange for different assets. this made me kinda bearish, "it's all froth", "there's nothing there" but every economy is circular at the end of the day - just at different levels of scale
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if you’re ever bored, read some Jane Jacobs. the theory and history behind local currencies and economies are fascinating. https://centerforneweconomics.org/newsletters/regional-currencies-growing-influence/
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when @forefront was primarily focused on social tokens, i did a lot of research on this front too early, but its really exciting to see these ideas come back to the forefront (lol) with $DEGEN… and even ETH on specific chains (e.g. the superchain)
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yeah i read death and life of great american cities a long time, but been meaning to reread since i moved to ny
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