Cryptoeconomic Primitives

Description

Jacob Horne:

"Cryptoeconomic Primitive:

• Protocol based incentives systems that are uniquely enabled by tokens. Also referred to as “tokenized economic games”.

• They enable the coordination and allocation of capital to achieve a shared goal via the use of various economic and cryptographic mechanisms.

A Cryptoeconomic Primitive should be a self-sustaining system, and its intrinsic token must be a necessary element of that system. In other words, it shouldn’t require anything other than itself to function and the removal of the token would cause it to fail or work less effectively than the system with a token.

A Cryptoeconomic Primitive should result in the predictable coordination of a set of actors (whether it be humans or machines) towards some specific shared goal or outcome. This can include predictably failing in certain situations and knowing limitations."

(https://www.coinbase.com/blog/the-emergence-of-cryptoeconomic-primitives)