Making Sense of Cryptoeconomics
Josh Stark (@0xstark) is a member of Ledger Labs and Blockgeeks Lab, a blockchain co-creation company in Toronto, Canada. In this CoinDesk opinion piece, Stark argues that the term "cryptoeconomics" is widely misunderstood, despite being a crucial concept needed to understand and analyze the blockchain industry. A few months ago Parker Thompson, a well known Silicon Valley VC, tweeted that "the concept of crypto-economics is stupid. It's economics. Inventing your own word is just an excuse to ignore well-understood concepts." The term "cryptoeconomics" causes a lot of confusion and people are often unclear on what it is supposed to mean. The word itself can be misleading, as it suggests that there…