onchainomics
/onchainomics101
This channel aims to introduce a new concept - Onchainomics: the study of how emerging economic activities take place on blockchain networks and how these on-chain activities impact the real-world global economy.
**Will Binance List $DEGEN in 2024?**
As the cryptocurrency landscape continues to evolve, the buzz around potential listings on major exchanges remains a hot topic among investors and enthusiasts alike. One token that has garnered significant attention is $DEGEN. With its unique value proposition and growing community, many are speculating whether Binance, one of the largest cryptocurrency exchanges in the world, will add $DEGEN to its roster in 2024.
The criteria for listing on Binance are rigorous, focusing on factors such as project innovation, community support, and overall market demand. $DEGEN has been making waves with its engaging ecosystem and strong backing from a passionate community. The token's innovative features and use cases have positioned it as a contender in the competitive crypto market.
https://polymarket.com/event/will-binance-list-degen-in-2024/will-binance-list-degen-in-2024?tid=1729041760503
As the cryptocurrency landscape continues to evolve, the buzz around potential listings on major exchanges remains a hot topic among investors and enthusiasts alike. One token that has garnered significant attention is $DEGEN. With its unique value proposition and growing community, many are speculating whether Binance, one of the largest cryptocurrency exchanges in the world, will add $DEGEN to its roster in 2024.
The criteria for listing on Binance are rigorous, focusing on factors such as project innovation, community support, and overall market demand. $DEGEN has been making waves with its engaging ecosystem and strong backing from a passionate community. The token's innovative features and use cases have positioned it as a contender in the competitive crypto market.
https://polymarket.com/event/will-binance-list-degen-in-2024/will-binance-list-degen-in-2024?tid=1729041760503
The Jacksonville Jaguars and Chicago Bears faced off in the NFL International Series game at Tottenham Hotspur Stadium in London on October 13. The Bears, led by rookie quarterback Caleb Williams, were favorites with a moneyline of -120 and a spread of -1.5. Despite the Jaguars' recent win over the Colts, Trevor Lawrence and his team were underdogs, with concerns over their defense, which ranks last in dropback EPA and pass rush win rate. The Bears' solid defensive performance, particularly in pass defense, was expected to be a key factor, while the Jaguars' running game, led by Tank Bigsby, posed a threat to the Bears' weaker rushing defense. The game saw significant betting interest, with the total points over/under set at 44.5, and many predicting a close, potentially low-scoring contest.
What would the future of the on-chain economy look like in the early 2030s?
What do you know about Onchainomics?
Wow，I'm happy for you.🍾
What do you think about the community call of /onchainomics? Are you interested in participating in a community that learns, studies, and discusses onchain activities from an economic perspective, in a more formal style? Feel free to raise your questions and share your thoughts on this topic.
If you're passionate about understanding the economic implications and want to engage in discussions, this community might be an excellent opportunity for you. What specific areas of onchain economics interest you the most? Do you have any experience or expertise you'd like to contribute to such a community?
If you're passionate about understanding the economic implications and want to engage in discussions, this community might be an excellent opportunity for you. What specific areas of onchain economics interest you the most? Do you have any experience or expertise you'd like to contribute to such a community?
The Onchainomics #3 essay won 🥉3rd place in the t2 x Kiwi x Lens "Pluralistic Future of L2s" writing contest in October 2024. To celebrate this exciting news, the reading experience has been enhanced and uploaded on Base Chain via Zora.
🎁 All minters of the Onchainomics Zora Collectible Edition are free to join the channel as club members starting October 10th, 2024.
💝 Special thanks to the prompt given by @vitalik.eth, and inspiration from @jessepollak @0xluo.eth @pingfeng for inspiring me on the onchainomics topic and this series of essays, @choeygit for maintaining the operation of LeapOnchain during the production of Onchainomics 3, and to @tian22 for creating a stunning new Onchainomics logo.
I hope this essay will inspire more builders and explorers in the Ethereum ecosystem to develop exciting projects and cultural activities that enhance this amazing onchain economy.
👇 You can mint this award-winning essay by following the link down below via Zora:
🎁 All minters of the Onchainomics Zora Collectible Edition are free to join the channel as club members starting October 10th, 2024.
💝 Special thanks to the prompt given by @vitalik.eth, and inspiration from @jessepollak @0xluo.eth @pingfeng for inspiring me on the onchainomics topic and this series of essays, @choeygit for maintaining the operation of LeapOnchain during the production of Onchainomics 3, and to @tian22 for creating a stunning new Onchainomics logo.
I hope this essay will inspire more builders and explorers in the Ethereum ecosystem to develop exciting projects and cultural activities that enhance this amazing onchain economy.
👇 You can mint this award-winning essay by following the link down below via Zora:
The Federal Reserve is expected to cut interest rates again at its November 7 meeting, following a 0.5% reduction in September. Markets anticipate a likely 0.25% cut, but a larger 0.5% reduction is possible depending on upcoming economic data, including jobs reports on October 4 and November 1, and inflation data such as the Consumer Price Index for September. The Fed's decision will be influenced by the progress on inflation, now at 2.2% annually, and the labor market, where unemployment has risen to 4.2% but remains low by historical standards.https://polymarket.com/event/fed-interest-rates-november-2024/fed-decreases-interest-rates-by-50-bps-after-november-2024-meeting?tid=1728525585027
What would the future of the on-chain economy look like in the early 2030s?
Nouns Prop 570 built a public Nouns-Themed play corner in the Nansha district in Guangzhou, China. I'd love to see there are more positive impacts, from a broader onchain economy. From onchain activities to offchain economies, this is what I proposed as a new perspective to assess the economy: Cybereality production.
For more information, check the proposal below:
Prop 570: Public Nouns-Themed Play Corner
https://www.nouns.camp/proposals/570
For more information, check the proposal below:
Prop 570: Public Nouns-Themed Play Corner
https://www.nouns.camp/proposals/570
📣[ /onchainomics channel Announcement]
We are delighted to welcome you to the new /onchainomics channel. All /onchainomics followers from before the new Warpcast channel system implementation are eligible for channel membership. If you haven't received an invitation, please don't hesitate to dm.
As a member of /onchainomics, you'll enjoy the following exclusive benefits:
1. Open discussion: Engage in discussions and conversations about onchainomics topics and pose questions within our dedicated channel.
2. Weekly community calls: Join us to network, discover onchain activities, and gain valuable insights from economic experts.
3. Access to the ETH Economics Learning Group: Benefit from a structured learning path with expert support and supervision. For comprehensive details about this enriching program, for more info please visit: [https://eelg.notion.site]
If you have ideas for additional benefits or special offers, we encourage you to share your suggestions in the comments of this cast.
We are delighted to welcome you to the new /onchainomics channel. All /onchainomics followers from before the new Warpcast channel system implementation are eligible for channel membership. If you haven't received an invitation, please don't hesitate to dm.
As a member of /onchainomics, you'll enjoy the following exclusive benefits:
1. Open discussion: Engage in discussions and conversations about onchainomics topics and pose questions within our dedicated channel.
2. Weekly community calls: Join us to network, discover onchain activities, and gain valuable insights from economic experts.
3. Access to the ETH Economics Learning Group: Benefit from a structured learning path with expert support and supervision. For comprehensive details about this enriching program, for more info please visit: [https://eelg.notion.site]
If you have ideas for additional benefits or special offers, we encourage you to share your suggestions in the comments of this cast.
[📃Onchainomics#3] L2s' Competition and Culture: How Asymmetric Information Shapes the Landscape is out!! 🎉 This time, onchainomics is going to address the issue of L2s' competition and culture, from a perspective of asymmetric information.
If you like this series of Onchainomics study, and you're a /kiwi-news user, please vote ⏫up⏫ on 🥝 Kiwi for Onchainomics #3 😊
https://app.t2.world/article/cm1dxfr1a44115121mc6f9hxn7t
If you like this series of Onchainomics study, and you're a /kiwi-news user, please vote ⏫up⏫ on 🥝 Kiwi for Onchainomics #3 😊
https://app.t2.world/article/cm1dxfr1a44115121mc6f9hxn7t
As the Onchainomics #2 essay discussed, the education-labour market has great potential to solve the current issue of low elasticity of demand of the onchain economy.
What roles we can play in this trend of an onchain economy? Mental Wealth Academy states its answer:
In this article, Jhinn has extensively introduced how cultures and languages are making an impact on the onchain economy, the labour landscape in a global onchain economy, and how education, libraries, would become the cornerstone of the future of the onchain economy.
Collected Interesting Content: Mental Wealth Academy on Paragraph.
What roles we can play in this trend of an onchain economy? Mental Wealth Academy states its answer:
In this article, Jhinn has extensively introduced how cultures and languages are making an impact on the onchain economy, the labour landscape in a global onchain economy, and how education, libraries, would become the cornerstone of the future of the onchain economy.
Collected Interesting Content: Mental Wealth Academy on Paragraph.
You may think that the existence of information asymmetric is bad for decision making and bad for market-making (in terms of liquidity), but the truth is quite the opposite.
According to “The blockchain, plums, and lemons: Information asymmetries & transparency in decentralized markets”(Notheisen, Benedikt; Weinhardt, Christof, 2019), blockchain technology has significantly increased transparency, but at the same time, the transparent market attracted more 'bad acts/bad actors', then makes the market unattractive to other participants, resulting generations of not interested in the market, less future newcomers until the game collapse.
This issue seems kinda like the macro-level of MEV extraction, really interesting when you related these findings to the Warpcast ongoing debate about the spammy issue.
According to “The blockchain, plums, and lemons: Information asymmetries & transparency in decentralized markets”(Notheisen, Benedikt; Weinhardt, Christof, 2019), blockchain technology has significantly increased transparency, but at the same time, the transparent market attracted more 'bad acts/bad actors', then makes the market unattractive to other participants, resulting generations of not interested in the market, less future newcomers until the game collapse.
This issue seems kinda like the macro-level of MEV extraction, really interesting when you related these findings to the Warpcast ongoing debate about the spammy issue.
"Crypto is turning into a zero-sum game as low-hanging fruit ideas have been picked." ...
"Alpha this and alpha that…CT is a reality show selling tokens as entertainment and I don’t care how big your discretionary capital pool is." ...
"The idea of crypto "cycles" needs to be destroyed altogether for crypto to truly cross the chasm into something entirely new. As long as the idea of the "four-year cycle" exists, the default incentives will be to
1. prioritize short-term behavior (both as builders and investors) and
2. perpetuate the greater fool theory because there will always be the belief that the current cycle will eventually collapse."
"Alpha this and alpha that…CT is a reality show selling tokens as entertainment and I don’t care how big your discretionary capital pool is." ...
"The idea of crypto "cycles" needs to be destroyed altogether for crypto to truly cross the chasm into something entirely new. As long as the idea of the "four-year cycle" exists, the default incentives will be to
1. prioritize short-term behavior (both as builders and investors) and
2. perpetuate the greater fool theory because there will always be the belief that the current cycle will eventually collapse."
The culture of Optimism: upgrade capitalism - create a mechanism that enables retro-active funding to scale.
https://x.com/Optimism/status/1825827745126813884
https://x.com/Optimism/status/1825827745126813884
Cybereality is not 'physical reality', nor 'virtual reality'. Cybereality is THE REALITY - without knowing you're onchain, without knowing you're in cyberspace, and eventually without knowing the difference between the 'physical' and 'virtual', or it is not even important whether it is onchain or not. It uses blockchain, crypto, and web3 tech in the backend, but influences the consumer by culture.
Cybereality and Cyber Power (Power K' = Fixed L, labour that has been solidified, capitalised, and possesses directional "permanent" value-added properties) represent a new paradigm that transcends both "Physical Reality" and "Virtual Reality." This paradigm vividly demonstrates the "naturalness" of technological advantages and capital's self-valorization.
This train of superluminal organisms, birthed and shuttling through parallel universes, is like what Hegel observed - a purposeful movement: birth, stumbling first steps, and instant acceleration. Outside its windows hang desperate speculators, risking annihilation as they climb towards the front carriages.
As the curvature engine ignites, the train hurtles towards an unknown fate. In an instant, the entire world seems to be left with only "humans" - objectified and arranged in the endless river of space-time, stranded in the old dichotomous two-dimensional space - quietly watching the empty station.
Still climbing the hierarchy today Anon?
This train of superluminal organisms, birthed and shuttling through parallel universes, is like what Hegel observed - a purposeful movement: birth, stumbling first steps, and instant acceleration. Outside its windows hang desperate speculators, risking annihilation as they climb towards the front carriages.
As the curvature engine ignites, the train hurtles towards an unknown fate. In an instant, the entire world seems to be left with only "humans" - objectified and arranged in the endless river of space-time, stranded in the old dichotomous two-dimensional space - quietly watching the empty station.
Still climbing the hierarchy today Anon?
Onchainomics.xyz updated
- Present both #1 and #2 Onchainomics essay on homepage
- Added Onchainomist Newsletter section (TBA)
- New Onchainomics/Onchainomist Newsletter logo design by @tian22
- Present both #1 and #2 Onchainomics essay on homepage
- Added Onchainomist Newsletter section (TBA)
- New Onchainomics/Onchainomist Newsletter logo design by @tian22
The onchain economy is emerging, creator economy is happening onchain. Just like great poets are born in a great time. We're in a generation of post-mass production. We don't need another industry revolution, we need a creativity liberation. The world economy now is not short of production, it is short of creativity and excesses production. If you're seeing it from the outside, you won't get it. Jump in and start creating.
Reflecting on the most recent wave of globalisation, one can observe a concurrent rise in the tertiary sector of the economy. Post-1980s, the U.S. financial industry experienced significant growth, bolstered by the resurgence of universal banking.
As Kenichi Ohmae highlighted in "The Borderless World: Power and Strategy in the Interlinked Economy," In the United States, 70 per cent of the workforce works in the service sector; in Japan, 60 per cent, and in Taiwan, 50 per cent. These are not necessarily busboys and live-in maids. Numerous of them are in the skilled category. They are earning as much as manufacturing employees, and often more.
Onchain economy represents the next phase of globalisation—re-globalisation—as the sole viable path forward. This process will give rise to a new macro-level industry, a new age is advent, cybernetics has shown its power, and a high-tech low-income trend for primary, secondary and tertiary sectors is inevitable.
As Kenichi Ohmae highlighted in "The Borderless World: Power and Strategy in the Interlinked Economy," In the United States, 70 per cent of the workforce works in the service sector; in Japan, 60 per cent, and in Taiwan, 50 per cent. These are not necessarily busboys and live-in maids. Numerous of them are in the skilled category. They are earning as much as manufacturing employees, and often more.
Onchain economy represents the next phase of globalisation—re-globalisation—as the sole viable path forward. This process will give rise to a new macro-level industry, a new age is advent, cybernetics has shown its power, and a high-tech low-income trend for primary, secondary and tertiary sectors is inevitable.