Fix typo on contribution page
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# Crypto is not decentralized
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@ -24,20 +24,20 @@ Bitcoin is a [greater-fool-theory](greater-fool-theory.md) asset.
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Bitcoin is a form of [gambling](gambling.md).
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Bitcoin is a non-productive investment.s
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Bitcoin is a [non-productive](productive-asset.md) investment.
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Bitcoin has a negative [expected-return](expected-return.md).
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Bitcoin has a negative [expected return](expected-return.md).
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Bitcoin is a [security](security.md).
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Bitcoin is allegedly a [sound-money](sound-money.md) in the [austrian-economics](ideologies/austrian-economics.md) school of thought.
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Bitcoin is allegedly a [sound money](sound-money.md) in the [Austrian economics](ideologies/austrian-economics.md) school of thought.
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Bitcoin is a [bubble](bubble.md).
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Bitcoin investing is a [zero-sum-game](zero-sum-game.md).
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Bitcoin investing is a [negative-sum game](zero-sum-game.md).
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Bitcoin has a [narrative-economics](../claims/narrative-economics.md) based on [libertarianism](ideologies/libertarianism.md), [regulatory-arbitrage](regulatory-arbitrage.md) and aspirations towards [private-money](private-money.md).
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Bitcoin has a [narrative economics](../claims/narrative-economics.md) based on [libertarianism](ideologies/libertarianism.md), [regulatory arbitrage](regulatory-arbitrage.md) and aspirations of [private money](private-money.md).
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Bitcoin shares a payout structure similar to a [ponzi-scheme](ponzi-scheme.md).
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Bitcoin shares a payout structure similar to a [ponzi scheme](ponzi-scheme.md).
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Bitcoin is based on an environmentally destructive [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md).
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@ -38,7 +38,7 @@ Dogecoin is a [bubble](bubble.md).
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Dogecoin investing is a [zero-sum-game](zero-sum-game.md).
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Dogecoin has a [narrative-economics](../claims/narrative-economics.md) based on [technosolutionism](ideologies/technosolutionism.md), [libertarianism](ideologies/libertarianism.md), [regulatory-arbitrage](regulatory-arbitrage.md) and aspirations towards [private-money](private-money.md).
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Dogecoin has a [narrative-economics](../claims/narrative-economics.md) based on financial nihilism.
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Dogecoin shares a payout structure similar to a [ponzi-scheme](ponzi-scheme.md).
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@ -1,6 +1,6 @@
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# Ethereum
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Ethereum is a [cryptoasset](cryptoasset.md) that extends the [bitcoin](bitcoin.md) model to allow the execution of [smart-contracts](smart-contracts.md).
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Ethereum is a [cryptoasset](cryptoasset.md) that extends the [bitcoin](bitcoin.md) model to allow the execution of [smart contracts](smart-contracts.md).
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## Properties
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@ -10,7 +10,7 @@ Ethereum is a [speculative](speculation.md) investment.
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Ethereum is [deflationary](deflationary.md).
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Ethereum has no [fundamental-value](fundamental-value.md).
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Ethereum has no [fundamental value](fundamental-value.md).
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Ethereum has no [use-value](use-value.md).
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@ -24,7 +24,7 @@ Ethereum is a [greater-fool-theory](greater-fool-theory.md) asset.
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Ethereum is a form of [gambling](gambling.md).
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Ethereum is a non-productive investment.
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Ethereum is a [non-productive](productive-asset.md) investment.
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Ethereum has a negative [expected-return](expected-return.md).
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@ -32,10 +32,10 @@ Ethereum is a [security](security.md).
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Ethereum is a [bubble](bubble.md).
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Ethereum investing is a [zero-sum-game](zero-sum-game.md).
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Ethereum investing is a [negative-sum game](zero-sum-game.md).
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Ethereum has a [narrative-economics](../claims/narrative-economics.md) based on [technosolutionism](ideologies/technosolutionism.md), [libertarianism](ideologies/libertarianism.md), [regulatory-arbitrage](regulatory-arbitrage.md) and aspirations towards [private-money](private-money.md).
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Ethereum has a [narrative economics](../claims/narrative-economics.md) based on [technosolutionism](ideologies/technosolutionism.md), [libertarianism](ideologies/libertarianism.md), [regulatory-arbitrage](regulatory-arbitrage.md) and aspirations of [private-money](private money.md).
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Ethereum shares a payout structure similar to a [ponzi-scheme](ponzi-scheme.md).
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Ethereum shares a payout structure similar to a [Ponzi scheme](ponzi-scheme.md).
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Ethereum is based on an environmentally destructive [consensus algorithm](consensus-algorithm.md) known as Proof of Work [mining](mining.md).
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# Capitalism
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# Financial Nihilism
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A philosophy on investing and markets in which [value](../value.md) does not exist or is inherently unknowable. The claims of this ideology are inherently contradictory but is stems from an underlying belief that [market](../market.md) have no purpose and cannot or do not exist to do [price formation](../price-formation.md) on [assets](../assets.md) because [capitalism](capitalism.md) does not work.
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This is a belief system held by many who participate in [meme-stock](../meme-stock.md) and [memecoin](memecoin) projects such as [dogecoin](../dogecoin.md).
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# Marxism
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@ -57,11 +57,15 @@ Understand Web3 in terms of recent news events and interviews.
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Understand Web3 in terms of different perspectives on politics and economics.
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* [market-fundamentalism](../concepts/ideologies/market-fundamentalism.md)
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* [austrian-economics](../concepts/ideologies/austrian-economics.md)
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* [libertarianism](../concepts//idelogies/libertarianism.md)
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* [technosolutionism](../concepts/ideologies/technosolutionism.md)
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* [keynsian-economics](../concepts/ideologies/keynsian-economics.md)
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* [Market Fundamentalism](../concepts/ideologies/market-fundamentalism.md)
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* [Financial Nihilism](../concepts/ideologies/financial-nihilism.md)
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* [Austrian Economics](../concepts/ideologies/austrian-economics.md)
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* [Libertarianism](../concepts//idelogies/libertarianism.md)
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* [Technolibertarianism](../concepts//idelogies/technolibertarianism.md)
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* [Technosolutionism](../concepts/ideologies/technosolutionism.md)
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* [Keynsian Economics](../concepts/ideologies/keynsian-economics.md)
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* [Post State Technocracy](../concepts/ideologies/post-state-technocracy.md)
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* [Accelerationism](../concepts/ideologies/accelerationism.md)
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## Supporting Concepts
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@ -6,6 +6,7 @@ This is an open collaborative project. We already have a variety of partners and
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* Contribute to the [library][], for example by adding articles and research on web3 and background topics.
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* Write up key concepts and ideas. You can check out our [existing guide][guide] to see which ones could be extended or improved.
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* See our [concepts-todo](../../meta/concepts-todo.md) task list.
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* Proof edit articles and transcribe dialogs. Please [get in touch][contact] to find out more.
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### If you like coding and designing
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@ -10,7 +10,7 @@ https://www.zotero.org/groups/4600269/web3/library
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## Contribute to the Library
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One of the ways to participate in the project is to contribute to the library. The following providese guidance on how you can contribute.
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One of the ways to participate in the project is to contribute to the library. The following provides guidance on how you can contribute.
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### Setup
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