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web3/claims/narrative-economics.md

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What is the narrative of crypto assets?

Ethereum has a narrative economics based on technosolutionism, libertarianism, regulatory arbitrage and aspirations of private money.

Bitcoin has a narrative economics based on libertarianism, regulatory arbitrage and aspirations of private money.

Dogecoin is an example of a crypto asset with no political imaginaries, no currency narrative, no pretense of use value, no fundamental value, and no narrative economics whatsoever. it is a pure manifestation of the greater fool theory with an investment thesis rooted purely in financial nihilism.

References

  • [@golumbia_bitcoin_2015]
  • [@reijers_blockchain_2018]
  • [@beltramini_cryptoanarchist_2021]
  • [@shiller_narrative_2017]
  • [@may_crypto_1992]
  • [@curran_wikileaks_2013]
  • [@krugman_technobabble_2021]
  • [@krugman_strange_2022]