A Post-Capitalist Critique of Cryptoeconomics

Web3 Tech Brief By HackerNoon

This story was originally published on HackerNoon at: https://hackernoon.com/a-post-capitalist-critique-of-cryptoeconomics.
Departing from cryptoeconomic theories governing blockchain ecosystems, this series proposes a novel framework for decentralized consensus protocols.
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Cryptoeconomics is the use of game theory, cryptographic proofs and computer science to guarantee future economic outcomes. It has been used to theorize protocol development and user experiences in ways that assume that people are profit maximizing individualists. Distributed ledger technologies and decentralized consensus protocols are too important for people and planet to leave to the interests of self-interest and profit-maximization.