Nearchos

reframing

Value extraction has been a huge issue in web3 since day one and I am not talking about the obvious here such as rug pulls, hacks and scams but individual and collective behavior. 

In our space where circular economics only exists in rare cases and the main use case of a token is only often governance it is hard enough to keep value together and “in the house.”

When big money steps in from outside it is being made impossible. Not sure who said it but an “economy without a conscience” will doom us all.

"An economy with a conscience..."

Now that's an interesting problem to tackle!

How do we design our systems to encourage this idea?

I believe it is not as hard as we sometimes think it is. 

Every system should not be designed to please just a few individuals or serve other systems (e.g., most social media algorithms). After that thinking becomes a fact, we can focus on actually designing for humans, which means the needs of people. The overlap here will create some natural answers.

If we use design thinking as a starting point, we will use a non-linear process as suggested by IDEO. In this process, we challenge the status quo by identifying the core problem and ideating various solutions first before scaling them down, prototyping them, getting feedback, and iterating on the best possible solution.

I believe the most dangerous fear we can have is that the change will cost us more than it is worth, while in fact, the gain will always outweigh the cost when systems are improved for more than just a few people.

🔓 Lead Steward @unlock-protocol
✨ Founder of /thealanaproject
🎨 Digital Creator
https://www.bonfire.xyz/stellaachenbach

🎯 

wow, nailed it!

I'll make one suggestion: perhaps its not as 'complicated' as we sometimes think... but man I think it actually might be kind of hard because once you start caring about people's needs instead of just building bags... it gets harder!! 🤣

Maybe once we get the process going it get significantly easier?