onchainomics
This channel aims to introduce a new concept - Onchainomics: the study of how emerging economic activities taking place on blockchain networks and how these on-chain activities impact the real-world global economy.
https://onchainomics.xyz
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You may think that the existence of information asymmetric is bad for decision making and bad for market-making (in terms of liquidity), but the truth is quite the opposite.
According to “The blockchain, plums, and lemons: Information asymmetries & transparency in decentralized markets”(Notheisen, Benedikt; Weinhardt, Christof, 2019), blockchain technology has significantly increased transparency, but at the same time, the transparent market attracted more 'bad acts/bad actors', then makes the market unattractive to other participants, resulting generations of not interested in the market, less future newcomers until the game collapse.
This issue seems kinda like the macro-level of MEV extraction, really interesting when you related these findings to the Warpcast ongoing debate about the spammy issue. 0 reply
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Cybereality and Cyber Power (Power K' = Fixed L, labour that has been solidified, capitalised, and possesses directional "permanent" value-added properties) represent a new paradigm that transcends both "Physical Reality" and "Virtual Reality." This paradigm vividly demonstrates the "naturalness" of technological advantages and capital's self-valorization.
This train of superluminal organisms, birthed and shuttling through parallel universes, is like what Hegel observed - a purposeful movement: birth, stumbling first steps, and instant acceleration. Outside its windows hang desperate speculators, risking annihilation as they climb towards the front carriages.
As the curvature engine ignites, the train hurtles towards an unknown fate. In an instant, the entire world seems to be left with only "humans" - objectified and arranged in the endless river of space-time, stranded in the old dichotomous two-dimensional space - quietly watching the empty station.
Still climbing the hierarchy today Anon? 0 reply
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Reflecting on the most recent wave of globalisation, one can observe a concurrent rise in the tertiary sector of the economy. Post-1980s, the U.S. financial industry experienced significant growth, bolstered by the resurgence of universal banking.
As Kenichi Ohmae highlighted in "The Borderless World: Power and Strategy in the Interlinked Economy," In the United States, 70 per cent of the workforce works in the service sector; in Japan, 60 per cent, and in Taiwan, 50 per cent. These are not necessarily busboys and live-in maids. Numerous of them are in the skilled category. They are earning as much as manufacturing employees, and often more.
Onchain economy represents the next phase of globalisation—re-globalisation—as the sole viable path forward. This process will give rise to a new macro-level industry, a new age is advent, cybernetics has shown its power, and a high-tech low-income trend for primary, secondary and tertiary sectors is inevitable. 0 reply
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Centralised capital itself is deconstructing, and the shift from State apparatuses to Decentralized Ideologies behind cryptocurrencies is happening.
Once, money was enforced by the violent machinery of state organs, created through the tangible violence of the 'Appareil d'État' (State Apparatus). However, the cypherpunk movement and decentralized ideologies have shifted capital from the forefront to the background. Capital, once generated by centralized, authoritative AEs, is now hidden within a decentralized, multi-centre order driven by dynamic ideologies.
People spontaneously organize production, with capital as the "artificial nature" order in the background. Money, as the capital's representative, still dominates production and reproduction but is no longer the sole focus.
Decentralized ideologies as one of the 'Appareil Idéologique d'État' (Ideological State Apparatus) have expanded dimensions of value, leading people to gradually deconstruct and understand the underlying order behind money. 4 replies
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