Web3 networks are collaboratively managed but not necessarily completely decentralized — Since many refer to the Web3 as the decentralized Web, I would like to spend some time critically reflecting this term. Personally, I am not a fan of the word “decentralization” in the context of the Web3 for various reasons: First of all, the term “decentralization” describes more what the…

This is an excerpt from the recently released third edition of Token Economy: Money, NFTs & DEFI. While it has become widely accepted that goverments regulate our currencies and the money supply within a geographical territory, this was not always the case. The state monopoly over money is a product…

Interview conducted by Artur Szutta & Krzysztof Saja for philosophy Magazine Filozofuj — This interview was conduced via email and the translation has been published in the polish philosophy magazine Filozofuj which is now also available for purchase. The Internet has become an essential element of the 4th industrial revolution; some authors (e.g., Klaus Schwab) labeled blockchain as one of the breakthrough technologies…

Three volumes to be released in 2023 — Given the fast paced developments in the crypto/Web3 space, I started to update the book Token Economy early 2022. The previous edition of the book was published slightly before the first DeFi boom and bust cycle, so there was much to cover in a new edition about the rapidly emerging…

How the FTXs disaster is the best example for the downfalls of CeFi and why sovereign wallet management and financial education is key — Due to recent events around the collapse of FTX and Alameda Research I decided to pre-publish a section on DeFi of the upcoming and updated third edition of the book Token Economy. I am convinced that education is key to a more nuanced discussion about what DeFi is, why Web3…

Third Edition? — Given the big traction and overwhelming feedback I have received for the book Token Economy, I thinking about pivoting from my originaly plan to write a completely new book on purpose-driven tokens and DAOs and integrate the new content I have started to write into the exiting book as a…

… and some reflections about Web2 based coordination vs Web3 based DAOs — 12 months after I put the book online for free on Github it has been translated by a group of volunteers into 9 different languages 6 of which are complete (Portugese, Brazilian, Polish, Italian, Spanish, Farsi) and 3 (Chinese, Japanese, French) of which are still in progress or have only…

Github Version, Paperback & Ebook — I am happy to announce that the Italian translation of Token Economy is now also available on Github for free. Together with the translators we decided to additionally publish a slightly revised and copy edited paperback and ebook edition on various online platforms, for all those who like a private…

Analysis of Stakeholders, Tokens & Governance Processes — The aim of this post is to explain and summarize — in a nutshell — the activities around TEC (Token Engineering Commons) — their goals, their mechanisms, and the co-creation process they are currently going through to collectively design the many governance parameters of their future DAO. Due to the…