Nonfungible Tokens: Difference between revisions
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Nonfungible tokens are blockchain-based proofs of ownership and crypto innovation. It should be questioned if trading of nonfungible tokens are a mere extension of artificial scarcity economics into the future. Given that value is attached to something that is made artificially scarce - are nonfungible tokens useful or are they a continuation of the current system which is fighting hard to maintain scarcity as the basis of the economic system? It is probably fair to say that distribution is an unsolved problem of modern economics - ie, wealth is not distributed fairly in the workings of the economic system. Do nonfungible tokens help or hinder the last unsolved frontier of economic systems - namely distribution? [[Distributive Enterprise]] is core to OSE work, so we care about this. | |||
Latest revision as of 22:57, 4 August 2023
Nonfungible tokens are blockchain-based proofs of ownership and crypto innovation. It should be questioned if trading of nonfungible tokens are a mere extension of artificial scarcity economics into the future. Given that value is attached to something that is made artificially scarce - are nonfungible tokens useful or are they a continuation of the current system which is fighting hard to maintain scarcity as the basis of the economic system? It is probably fair to say that distribution is an unsolved problem of modern economics - ie, wealth is not distributed fairly in the workings of the economic system. Do nonfungible tokens help or hinder the last unsolved frontier of economic systems - namely distribution? Distributive Enterprise is core to OSE work, so we care about this.