Chapter
Creating a Fair Economic System with Tokenomics
4:14:17 - 4:19:46 (05:28)
The podcast discusses the need for a fair economic system and how tokenomics can help in creating an incentive model focused on long-term thinking, leading to less corruption and more open opportunities.
Clips
The finance industry's ongoing efforts have been directed towards the desire to make things less corrupt and more open.
4:14:17 - 4:16:56 (02:38)
Summary
The finance industry's ongoing efforts have been directed towards the desire to make things less corrupt and more open. As a result, the industry has not been involved in drug money laundering, funding arms dealers, or supporting the "oil for food" program, leading to significant investments in the African market with hope for change.
ChapterCreating a Fair Economic System with Tokenomics
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
Tokenomics scheme can create a different incentive model where default configuration is long-term thinking, and doing things beneficial for future generations may earn you money.
4:16:56 - 4:19:46 (02:49)
Summary
Tokenomics scheme can create a different incentive model where default configuration is long-term thinking, and doing things beneficial for future generations may earn you money. The conversation around impact capital should focus on eliminating negative externalities and judging the success of society by how well the least of society are doing.