Crypto-Economic Systems Are Different From Traditional Economics

Many want to equate what is taking place within cryptocurrency to what they now about classical economics or the business world. This is a mistake in my opinion because it is overlooking a major transition. We are no longer in a world of scarcity, which is where all economic schools were developed.

In this video I discuss how the HBD is something completely different and comparing it to corporate debt is awry. Also, when we look at a system that is only limited by bandwidth and computational power, we dealing with another animal. Crypto-economics is founded in the digital world. Hence, the old observations do not apply.