onchainomics
This channel aims to introduce a new concept - Onchainomics: the study of how emerging economic activities take place on blockchain networks and how these onchain activities impact the real-world global economy.
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Concurrently, it is imperative to acknowledge that as the cost of execution approaches zero, the leverage of value creation shifts entirely to the stage of definition.
The definition – that is, to Fichte's 'starting point of negation' in his Wissenschaftslehre: the profound capacity to define novel problems, construct new conceptual frameworks, and propose original systems of value.
This innovative impulse, however, often constrained by a profound subjectivity deficit, becomes confined to mere optimization within existing paradigms rather than fostering the emergence of genuinely new ones, thereby further exacerbating the alienation of value itself.
Consequently, consumption within the cyber-reality society transforms into an impure, incomplete, and ceaseless quest for an eternally elusive jouissance.
Its expressions and evaluative criteria migrate from tangible functionality to the sheer intensity of symbolic evocation and the resonant echo within the imaginary realm, thereby attempting, in a profoundly defeatist yet perpetually self-sustaining manner, to fill an irreducible, fundamental void. 0 reply
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Desire, in its Lacanian articulation, is fundamentally the desire of the Other;
An escalating proliferation of alienated demands has concurrently relegated instrumental utility to a secondary concern. The valuation of numerous digital assets, consequently, is not predicated solely upon their inherent functionality.
Quite the contrary, their perceived worth is predominantly shaped by their very non-functional essence – the expansive canvas they offer for collective fantasy, or a valuation rooted in an uncompromising financial nihilism.
Furthermore, the interplay between supply and demand does not invariably manifest as a transparent, one-to-one correlation. Within the crucible of postmodern capitalism, a nuanced equilibrium between functional utility and its absence crystallizes into a form of rational value.
This phenomenon frequently materializes in market prices as a premium and an unwavering faith, transcending conventional fundamental analysis, propelled by the intricate workings of profound psychic structures. 0 reply
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Human cognitive evolution is too slow, becoming a bottleneck for rapid development in this era.
As AI rapidly rises, our strategic thinking appears increasingly outdated, and philosophical progress lags behind. You see, traditional economics still revolves around the industrial age, focusing on calculating production capacity and primarily viewing currency as sovereign credit or a general equivalent...
This cognitive limitation hinders our understanding and adaptation to new models of future global economic interactions, as well as the new paradigm of "cyberealism".
The current challenge is that human cognition has become the bottleneck for AI's accelerated evolution; we ourselves are this bottleneck.
We must break through the outdated productionist mindset, recognizing that it's not about merely producing more, but about creating new demands and consumption scenarios.
Like the protagonist in "Hacksaw Ridge," saying: "Just one more, one more"...
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Some say ETH is dying & not worth it. Others claim #Onchainomics is impractical vs 'real research.' To honor this, @twone, Arvin (on X) & I turned our Onchainomics research into /planetarian (narrative sim game Mini-App) & joined /base Batches Buildathon.
/planetarian aims to be an onchain narrative simulator, allowing everyone to experience, through gamification, what #onchainomics predicts, what it means to be 'Planetary,' what a 'global onchain economy' entails, and their impact on the world, the future, and each of us.
We also want to tell the growth stories of Ethereum, Optimism, and Base, as well as the countless pioneers from this past cycle and the next, such as BanklessDAO. 1 reply
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