Tokens: Difference between revisions
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In short: tokens will eat the enterprise from within, because investors will make money and the community will gain. We’ll have crypto tribes that started as companies. Repeat across many enterprises and it means goodbye to the stock market." | In short: tokens will eat the enterprise from within, because investors will make money and the community will gain. We’ll have crypto tribes that started as companies. Repeat across many enterprises and it means goodbye to the stock market." | ||
(https://blog.bigchaindb.com/tokenize-the-enterprise-23d51bafb536) | (https://blog.bigchaindb.com/tokenize-the-enterprise-23d51bafb536) | ||
=Discussion= | |||
==Designing Tokens for the Commons Economy== | |||
Akseli Virtanen: | |||
"In their money role, crypto-tokens can be an alternative unit of account, not just a means of exchange. They open a possibility to invoke a new measure of value, not just facilitate new processes of trade. As such, tokens can have a ‘backing’ in the value of output they facilitate, and not function simply as tools of speculative position-taking. Here is their radicalness, that they open a possibility of re-thinking and re-engineering what we understand by production. What are the new social units of production? How is such production measured as a social contribution? How is output distributed, accessed and owned? Re-defining and re-measuring production provides the material basis of the crypto economy — a basis that gives crypto-tokens a long-term future as the currency of an alternative economic logic. A different way of doing economy." | |||
(https://medium.com/econaut/cryptoeconomics-working-sessions-at-nyu-stern-24a60d99d243) | |||
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[[Category:Encyclopedia]] | [[Category:Encyclopedia]] | ||
[[Category:Crypto Economy]] | |||
Revision as of 12:30, 16 May 2018
= virtual currencies used in companies based on blockchains
Description
"Tokens are the new “new” thing in the blockchain space. Just when everyone thought that blockchains were hot enough, everyone realized that tokens *are* the business model for Web 3.0.
A decentralized system spreads control among many parties. It may or may not be tokenized. The key benefit of tokens is to align incentives among participants of the ecosystem. It’s a positive-sum game among the tribe of token holders. (And let’s not forget the windfall of a token launch, if you choose that path.)
So far, only startups have launched tokens. But what about enterprises? Could we tokenize Facebook? What about Amazon or IBM? How? What would be the benefit? In short: tokens will eat the enterprise from within, because investors will make money and the community will gain. We’ll have crypto tribes that started as companies. Repeat across many enterprises and it means goodbye to the stock market." (https://blog.bigchaindb.com/tokenize-the-enterprise-23d51bafb536)
Discussion
Designing Tokens for the Commons Economy
Akseli Virtanen:
"In their money role, crypto-tokens can be an alternative unit of account, not just a means of exchange. They open a possibility to invoke a new measure of value, not just facilitate new processes of trade. As such, tokens can have a ‘backing’ in the value of output they facilitate, and not function simply as tools of speculative position-taking. Here is their radicalness, that they open a possibility of re-thinking and re-engineering what we understand by production. What are the new social units of production? How is such production measured as a social contribution? How is output distributed, accessed and owned? Re-defining and re-measuring production provides the material basis of the crypto economy — a basis that gives crypto-tokens a long-term future as the currency of an alternative economic logic. A different way of doing economy." (https://medium.com/econaut/cryptoeconomics-working-sessions-at-nyu-stern-24a60d99d243)