The Internet of Value

We define our goal — the economic utopia/wellbeing of an individual, the series of chapters we will be going through to think through this better economic system, the reasons for you to invest your time in these thought series, and a few thumb rules to keep in mind as we progress through this maze of “building a better economy”

In this we are gonna look at the current state of the world as any future projection requires a baselining. An ideal futures projection is in the sweet spot of something preferrable, probable, and plausible. The common lens used to look at the systemic baselining of a system (current state) are Economic, Political, Social, Tech & Legal.

In the last chapter, we looked at the current state of the system in the previous thread, and today, we'll do a causal analysis of this present state and try to define the problem in a manageable way.

“If we wish to see where our future is headed, all we need to do is have a look at our past and that will tell us all the answers.” ― Anthony T. Hincks
Couldn't agree with this quote more. In today's continuation of TheInternetOfValue series we look at the past economic solutions and theories to learn the best practices and be wary of the pitfalls.

In the previous post, we had established how looking at labor as the factor to be worked on and not capital in terms of building a better economy. In this, we will look at Labour Market Frictions and Unemployment & Pushing the boundaries of economic thinking to systems thinking.

In the last post, we looked at the impact of labor market frictions on unemployment and the various economic theories and models available to measure them. But as with everything, we look beyond economics so this thread is about a system dynamics model of labor market frictions.

In the last chapter, we explored a dynamic system model of the frictionless labor movement. What's this labor and how do we represent it to make sure the frictions are less is what we will explore in this thread.

In the last chap, we saw how labor could be represented through skill identity in the digital space; the next logical step is to facilitate the movement of these skills in a frictionless & a modular (composable- hello #web3 ) fashion

This skill movement is how things get done and establish a value for an action or a set of steps. And this is true for not just skill, but money, an individual, a country and its economy, and the universe itself.

We ended our previous thread by categorizing the different platforms that allow skill movement through jobs and gigs. Today, we will explore issues with such platforms and how NOT to design one and move towards token economies.

Continuing our series on #TheInternetOfValue. The current system we are part of has a frictionless, hence, overleveraged capital component. In the last few chapters, we looked at the frictionless labor movement. In this chapter, we will look at the 3rd component, #productivity.

A short journey into what we've covered and where we are going.

From this post, we start building up the solution, the better economy. The first step is to define the community from a data standpoint to a systemic level to make it truly the balance between the state and the market.

In this post, we unpack how one such community can be built sustainably. But before we do, let us set a definition for “community” — the #microeconomics

In the previous #threads, we've covered.

Macro - Platform to LabourEconomies
Micro - A model for a self-sustaining #web3 #community. #DAO.
In this, we look at the unit level - individual - a case for wellbeing score rather than #creditscore.

We've looked at an ideal solution, #TheInternetOfValue, at a macro, micro, and individual level. Now we see how the rich data set that we've arrived at with the wellbeing score be used for unlocking financial services.

Ideal Identity - Refresher.

1. Demography
2. HardSkill
3. SoftSkills
4. Virtues
5. Wellbeing Score that is based on physiology, emotions, feelings, thoughts, habits, and performance.

Score owned by the individual validated by the community makes it a base for #DeFi

Till now we've seen the ideal wellbeing identity, structure of a self-sustaining #web3 community, and a token system that facilitates such communities to be built on.
Unless we rethink the organizational structure ground up it's all futile. #DAO #TheInternetOfValue

A curation of different e carried out by different countries and a few startups

Labour theory of value to Market Exchange to Sraffian Theories of Value