The failure of crypto communitiesThe crypto movement serves as a poignant warning of the danger of making digital currency the center of a movement. Crypto driven communities have been overwhelmed by members who are self-seeking, willing to sabotage one a ...
A note about BoundlessThe biggest contrast between crypto and everything done by Boundless Humanity Initiative is that Boundless is a non-profit dedicated to maximizing human life and freedom.Crypto projects cloak themselves in the disguise of doing good ...
This article contains a large amount of thoughts on a potential Synapse currency. It should be seen merely as a brainstorm. Synapse needs to prepare for the eventuality of currency in its system, something that has ruined similar systems.Currencies in vir ...
Anchoring principles are general rules which allow people a shortcut in understanding what is and is not acceptable behavior in a society. To determine what activities in society need to be regulated, one has to understand the economic realm as an ecosys ...
This article is an exploration into the potential for an economic collapse in a digital society.The currency exchange problemThe problemDigital divisionDigital societies are extremely vulnerable to division. Online, you don't have to live with the people ...
Before talking about the woes of generating money, one needs to fully understand the argument for generating money.This article is an oversimplification on purpose for simplicity's sake.Argument for printing: The lending problemIf the number of goods and ...
Critical conceptsThe goal of the gold-silver concept of digital money is to preserve the ability of digital societies to come up with unique economic models while still preserving the economic independence of those using those worlds.Gold stands for the t ...
Philosophy behind reputation systemsPeople on the internet are incentivized by the ease of movement to act in a much more shallow fashion to each other. This often leads to low-trust interactions and shallow communities. The perverse incentive must be off ...
The goalThere are a few factors that make ensuring the size of the currency base matches the size of economic activity more challenging in the context of digital societies.People move between digital societies.Economic activity can rapidly increase in a s ...
Throughout history we've given money to our governments that they should keep for us in trust, such as retirement funds. Often these funds are pillaged by the very governments obligated to protect them.But what if vaults could be used to ensure that any t ...
ThesisA key element in demand collapse within an economy is the inability for individuals to coordinate prices effectively across changing market conditions.Namely, if John sells apples for $10 each and people are only willing to offer him $9, and John is ...
Digital Gold as a third jurisdiction is an essential article in understanding the economics of Synapse.