This is easily the best introduction video for a person who knows a little and wants to firm up that limited knowledge for you connect all the dots. before, the dots were scattered all over youtube.
How can a token system account for the integrity of the ecosystem? Does it plug-in a company's manufacturing logistics and purchasing records? I'd love to learn more about the calculation methods. This could be an amazing tool for businesses who're trying to understand exactly what their negative extremities really are.
The blockchain would not help very much with the actual calculation methods, that is more to do with full cost accounting, ecosystems services analysis etc. What the blockchain can do though is create a secure shared database of where things have come from, how they have been made etc. what is call blockchain provenance (see here goo.gl/L8lGaj) also as explained in the video once you have defined what is of value and how to quantify it you can then ascribe tokens to that which ensures that people pay for what ever value they take from the system, such as the integrity of the ecosystem once you have captured that in your full cost accounting system - to go into the details of the workings of that would take another video though. But your question is more to do with full cost accounting which is what would support a token economy - if you are not familiar with the idea see this introduction video we produced on that subject goo.gl/Y9rSep
The ICO idea has been debunked... since selling tokens is considered a security as we've seen in 2020 the SEC has gone after many who have not registered their tokens as securities. This video needs to be revised!
Good info, but can you please explain or refer to a good source to understand how can tokens be used/implemented to benefit existing businesses with b2b product sale or b2c service?
Does fiat money not represent the inherent value of a community (country) and also act as a unit of exchange within the system? This is a good explanation of how tokens work, but I don't understand how laborers getting paid in cryptocurrency will somehow make them owners of the company they're working for.
To answer your first questions, yes fiat money does in many ways represent the inherent value of the nation's economy. Your second question: At the begging of a project (through an ICO) tokens are issued as shares in the network but those same tokens are typically used for exchange in the network, so when you get paid in a networks token you also can some "shares" in the network
Hi, could you help me understand how does token economics work? For example, after ICO, who manages the entire operations and how does operational costs, employee salaries an other costs get paid for? Would like a bit of overview on how cash flows of ICO companies would be managed in general? Anyone kindly help me understand or point me to any useful resource for the same.. Thanks!
BlockChain technology will be revolution in the coming year, people say there are many projects are coming , according to PC mag propy and BlopckGrain are the top projects which are built on the Blockchain technology . lets see how far we can go in this matter. Blockgrain Ico are worth buying or not , kindly help me in the reviewing it.
What is happening when people drop out of the network (cash out) their tokens for data storage? When a miner stops working, the storage he provides is lost and the data on it also?
We want to use this video for a college course in Entrepreneurship at Santa Rosa Junior College. Would you please grant us permission to caption the video so it has punctuation and clear sentences? If you turn on Community Contributions in TH-cam, we could add the better captions to these videos. Alternatively, we can send you a corrected caption file that you can upload in TH-cam. One more option is to use a site such as Amara.org that will embed the video and give us an interface to overlay the video with the better caption file.
All of these options leave the control in your hands. If you take down the video, it will no longer appear in the course, we will just be embedding from TH-cam, not downloading the video.
Token Economy: Common among school environments and political dictatorships, involves the use of near worthless tokens to motivate students or the working class. Thus by giving children certificates and citizens even more useless certificates (namely pay increases denominated in million dollar bills), motivation is exponentially increased and society’s problems are solved. (See public schools, Argentina, Zimbabwe) from Dr. Mezmer’s Dictionary of Bad Psychology at www.doctormezmer.com/books
Can this (or devaluing current money) be used to take down top 1% and put everyone on same field?.......eh seems too optimistic, they control everything, they will find a way to keep their power
Thats one of the main reasons it was created. Its already having effects. One of its benefits as a country just prints money to go to war. The wars cease to happen because the public tells the government, bitcoin, Please. the dollar becomes worthless as people are all on the blockchain doing business. They can't even get their shirt pressed without a token.
It isn't clear how an ICO can eliminate the winner takes all scenario of network effects like this of Facebook and EBay. It sounds like you're saying the coins are a kind of stock that would fluctuate in value but based on what. Why should I value a coin connected to Facebook, unless I can eat with it? But tokens don't give you the right to vote on a company like shares, or am I mistaken. They don't sound like it from the video.
And why would you won't tokens that could only be spent a certain way. Sounds like social-values built into a currency would make it less useful. I can't use vegetarian tokens to buy a steak?
You are asking too many questions for me to try and explain, if you are new to the idea it takes a while to understand it, I would recommend that you take a look at this article that explains the basics of the blockchain token economy goo.gl/shmaik also what a few more other videos here on youtube and you will start to undertsand it better over time
The power that governments are having is coming from a few monopolies: (1) Taxation authority, including the right to jail the person, who is unwilling to pay tax. (2) Law enforcement, and having unparalleled physical power, and jails to en-prison anyone, or any group. (3) Setting rules related to Medical services and medication, and the touchy subject of end of life care, death panel... From Wikipedia: "Due to public concern, the provision to pay physicians for providing voluntary counseling was removed from the Senate bill and was not included in the law that was enacted, the 2010 Patient Protection and Affordable Care Act. In a 2011 statement, the American Society of Clinical Oncology bemoaned the politicization of the issue and said that the proposal should be revisited.[5] " (4) Setting rules to migration, and incentives to have children.... (5) Issuing currency, and demanding the same currency for tax payments. TOKENS are useless in these contexts.....ON THE OTHER HAND... The Credit money -FIAT money based- system that we are having have its own problems. (1) Taxation is no longer a necessity to operate a state, it is rather a tool to help political friend. (2) Production of goods are less and less important, and services are the most important production of humanity, which is getting harder and harder to tax properly. The next currency has to be politically neutral, usable, taxable in a service environment, and has the ability to influence the demography of any community... deliver babies, and help people to live a proud, healthy, joyful life and die in a dignified way, without fearing pain and suffering.
Complexity Labs Here's an example, at 11:33 you say something like how large companies can become extractive over time. Instead of this you should say that the large companies start using their monopoly on a market to take advantage of users or something with more action in it. George Orwell explains it much better than I can, www.orwell.ru/library/essays/politics/english/e_polit/
Complexity Labs This video was one of the better ones but maybe that is because I already know a lot about blockchain technology. Other videos on Critical Thinking and topics like that are worse in the sense that state things in ineffective ways.
Ok, that is helpful feedback, but you do have to remember this is an overview, the video is trying to cover a lot of ground in a short time, that means that you don't get time to go into details of things that aren't central to the main theme.
The whole thing is a ruse. What exactly is it that people believe they will be able to buy, when, in the US, we have scarcely any manufacturing, no domestic goods to speak of. Sounds more than a little ridiculous to me. Here’s a bet: Satoshi Nakamoto = the CCP. Bitcoin was a very impressive means of perpetuating The Art of War. See the 36-strategems as well. And sure, you can make purchases with bitcoin… for now. Can anyone give me a satisfactory explanation as to why 31 (21?) million bitcoins is the limit? I believe I know, but I’d like to hear your explanations. Also, who was paying the miners and what exactly was all of that CPU power really needed to accomplish. I know what the claim is, but think about it: why would China send computers and pay Americans to “mine,” bitcoin, using hardware that they could have used to “mine” bitcoins themselves. Laugh at me now, when the internet starts shutting down more and more, which it will, I may not seem so crazy to you.
I love how you guys so subtly played the victim card with the owners vs workers dichotomy. Also love how you exposed the blockchain and token economy as a method for complete social control over a population.
i can safely say that this is BY FAR the BEST introduction to token economies I've EVER seen. Thank you!
This is easily the best introduction video for a person who knows a little and wants to firm up that limited knowledge for you connect all the dots. before, the dots were scattered all over youtube.
This is the best explanation I've found so far regarding Blockchain & Tokens !! Thank you
This was actually one of the best explanations of tokenomics that i've ever heard.
I find it a hard concept to wrap my mind around because sometimes the incentive isn't of monetary value but of personal value, or token value.
This was made possible for the culture lol
This video is the perfect starting point for people to learn about blockchain and the new token economy.
Excelente video esperamos más contenido y nos quedamos pendiente a su canal éxito y gracias
This should be shown to all Econ students worldwide
Nice overview, thank you for putting this together.
Thanks from korea.
Thanks! this overview helps me to understand overall aspects!
Does this app have Cloud ☁️ Mining Network for you and me today? Happy New Year to You. Helpful me, please
How can a token system account for the integrity of the ecosystem? Does it plug-in a company's manufacturing logistics and purchasing records? I'd love to learn more about the calculation methods. This could be an amazing tool for businesses who're trying to understand exactly what their negative extremities really are.
The blockchain would not help very much with the actual calculation methods, that is more to do with full cost accounting, ecosystems services analysis etc. What the blockchain can do though is create a secure shared database of where things have come from, how they have been made etc. what is call blockchain provenance (see here goo.gl/L8lGaj) also as explained in the video once you have defined what is of value and how to quantify it you can then ascribe tokens to that which ensures that people pay for what ever value they take from the system, such as the integrity of the ecosystem once you have captured that in your full cost accounting system - to go into the details of the workings of that would take another video though. But your question is more to do with full cost accounting which is what would support a token economy - if you are not familiar with the idea see this introduction video we produced on that subject goo.gl/Y9rSep
Blockchain is revolutionary
The ICO idea has been debunked... since selling tokens is considered a security as we've seen in 2020 the SEC has gone after many who have not registered their tokens as securities. This video needs to be revised!
Great channel. I subscribed it right now. Anyways I am with the SciDex coin. And obviously going to invest some money there. :)
Good info, but can you please explain or refer to a good source to understand how can tokens be used/implemented to benefit existing businesses with b2b product sale or b2c service?
Well, one example might be blockchain based customer loyalty programs built out of tokens, see here: goo.gl/eoBhL1
what software they use to do this presentation pls ?
The program called Keynote made by Apple - goo.gl/BMAVZN
thank you!!
Does fiat money not represent the inherent value of a community (country) and also act as a unit of exchange within the system? This is a good explanation of how tokens work, but I don't understand how laborers getting paid in cryptocurrency will somehow make them owners of the company they're working for.
To answer your first questions, yes fiat money does in many ways represent the inherent value of the nation's economy.
Your second question: At the begging of a project (through an ICO) tokens are issued as shares in the network but those same tokens are typically used for exchange in the network, so when you get paid in a networks token you also can some "shares" in the network
Hi, could you help me understand how does token economics work? For example, after ICO, who manages the entire operations and how does operational costs, employee salaries an other costs get paid for? Would like a bit of overview on how cash flows of ICO companies would be managed in general? Anyone kindly help me understand or point me to any useful resource for the same.. Thanks!
You could try this video "Unpacking Initial Coin Offerings and Token Sales" goo.gl/p4Q9w3
Thanks, I'll check it out. Very kind of you to share :)
BlockChain technology will be revolution in the coming year, people say there are many projects are coming , according to PC mag propy and BlopckGrain are the top projects which are built on the Blockchain technology . lets see how far we can go in this matter. Blockgrain Ico are worth buying or not , kindly help me in the reviewing it.
What is happening when people drop out of the network (cash out) their tokens for data storage? When a miner stops working, the storage he provides is lost and the data on it also?
See Filecoin's white paper to find your answer: goo.gl/8nQkEL
We want to use this video for a college course in Entrepreneurship at Santa Rosa Junior College. Would you please grant us permission to caption the video so it has punctuation and clear sentences? If you turn on Community Contributions in TH-cam, we could add the better captions to these videos. Alternatively, we can send you a corrected caption file that you can upload in TH-cam. One more option is to use a site such as Amara.org that will embed the video and give us an interface to overlay the video with the better caption file.
All of these options leave the control in your hands. If you take down the video, it will no longer appear in the course, we will just be embedding from TH-cam, not downloading the video.
Token Economy: Common among school environments and political dictatorships, involves the use of near worthless tokens to motivate students or the working class. Thus by giving children certificates and citizens even more useless certificates (namely pay increases denominated in million dollar bills), motivation is exponentially increased and society’s problems are solved. (See public schools, Argentina, Zimbabwe)
from Dr. Mezmer’s Dictionary of Bad Psychology at www.doctormezmer.com/books
Can this (or devaluing current money) be used to take down top 1% and put everyone on same field?.......eh seems too optimistic, they control everything, they will find a way to keep their power
I think you answered your own question there
Thats one of the main reasons it was created. Its already having effects. One of its benefits as a country just prints money to go to war. The wars cease to happen because the public tells the government, bitcoin, Please. the dollar becomes worthless as people are all on the blockchain doing business. They can't even get their shirt pressed without a token.
It isn't clear how an ICO can eliminate the winner takes all scenario of network effects like this of Facebook and EBay. It sounds like you're saying the coins are a kind of stock that would fluctuate in value but based on what. Why should I value a coin connected to Facebook, unless I can eat with it? But tokens don't give you the right to vote on a company like shares, or am I mistaken. They don't sound like it from the video.
And why would you won't tokens that could only be spent a certain way. Sounds like social-values built into a currency would make it less useful. I can't use vegetarian tokens to buy a steak?
You are asking too many questions for me to try and explain, if you are new to the idea it takes a while to understand it, I would recommend that you take a look at this article that explains the basics of the blockchain token economy goo.gl/shmaik also what a few more other videos here on youtube and you will start to undertsand it better over time
The power that governments are having is coming from a few monopolies:
(1) Taxation authority, including the right to jail the person, who is unwilling to pay tax.
(2) Law enforcement, and having unparalleled physical power, and jails to en-prison anyone, or any group.
(3) Setting rules related to Medical services and medication, and the touchy subject of end of life care, death panel...
From Wikipedia: "Due to public concern, the provision to pay physicians for providing voluntary counseling was removed from the Senate bill and was not included in the law that was enacted, the 2010 Patient Protection and Affordable Care Act. In a 2011 statement, the American Society of Clinical Oncology bemoaned the politicization of the issue and said that the proposal should be revisited.[5] "
(4) Setting rules to migration, and incentives to have children....
(5) Issuing currency, and demanding the same currency for tax payments.
TOKENS are useless in these contexts.....ON THE OTHER HAND...
The Credit money -FIAT money based- system that we are having have its own problems.
(1) Taxation is no longer a necessity to operate a state, it is rather a tool to help political friend.
(2) Production of goods are less and less important, and services are the most important production of humanity, which is getting harder and harder to tax properly.
The next currency has to be politically neutral, usable, taxable in a service environment, and has the ability to influence the demography of any community... deliver babies, and help people to live a proud, healthy, joyful life and die in a dignified way, without fearing pain and suffering.
A lot of backward views in one post right there
1:30
2:50
It's interesting how you guys can find a way to say words without actually conveying anything meaningful
Please explain
Complexity Labs Here's an example, at 11:33 you say something like how large companies can become extractive over time. Instead of this you should say that the large companies start using their monopoly on a market to take advantage of users or something with more action in it. George Orwell explains it much better than I can, www.orwell.ru/library/essays/politics/english/e_polit/
Complexity Labs This video was one of the better ones but maybe that is because I already know a lot about blockchain technology. Other videos on Critical Thinking and topics like that are worse in the sense that state things in ineffective ways.
Ok, that is helpful feedback, but you do have to remember this is an overview, the video is trying to cover a lot of ground in a short time, that means that you don't get time to go into details of things that aren't central to the main theme.
Again you would have to be more specific about what you mean by "ineffective ways" there are lots of ways to be ineffective in communicating
The whole thing is a ruse. What exactly is it that people believe they will be able to buy, when, in the US, we have scarcely any manufacturing, no domestic goods to speak of. Sounds more than a little ridiculous to me. Here’s a bet: Satoshi Nakamoto = the CCP. Bitcoin was a very impressive means of perpetuating The Art of War. See the 36-strategems as well. And sure, you can make purchases with bitcoin… for now. Can anyone give me a satisfactory explanation as to why 31 (21?) million bitcoins is the limit? I believe I know, but I’d like to hear your explanations. Also, who was paying the miners and what exactly was all of that CPU power really needed to accomplish. I know what the claim is, but think about it: why would China send computers and pay Americans to “mine,” bitcoin, using hardware that they could have used to “mine” bitcoins themselves. Laugh at me now, when the internet starts shutting down more and more, which it will, I may not seem so crazy to you.
I love how you guys so subtly played the victim card with the owners vs workers dichotomy. Also love how you exposed the blockchain and token economy as a method for complete social control over a population.
🤔