Miko Profile picture
May 16, 2021 11 tweets 5 min read Read on X
1 This is what it feels like to move from the extraction economy to the ownership economy
2 There's been plenty of talk about the "creator economy" which is about the interface between the digital symbolic layer and original creations
3 We are looking now at the economic multiverse. Do you all remember the "Sharing Economy?"
4 Guess what? The "Sharing Economy" was part of the extraction economy the whole time. People aren't "sharing" rides and homes because of any kind of love vibe.
5 Extraction economy is accelerated by AI bots. AI bots programmed to squeeze humans to increase revenues for tech giants. Facebook and Google are choking out organic traffic and are "levying taxes"
6 People and humanity are being squeezed out. This is why stories like "Pizza Man" hit so hard
7 And people are going from driving Taxis to driving @AxieInfinity Axies. #PlayToEarn #PlayToOwn through @YieldGuild @leah_cb @gabusch @Jihoz_Axie
8 So pretty much the "Sharing Economy" is just a two faced lie hiding the ugliness of more extraction. All that's happening is that megacorps are now squeezing value from YOUR assets.
9 Luckily we are now entering the realm of economic multiverses powered by blockchain-based open consensual and consensus realities.
10 This is why those driving Taxis should all join us in driving Axies. This is play-to-own. People will consent to join a multiverse economy that treats them fairly and as first class participants.

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More from @mikojava

Mar 29, 2022
1 @AxieInfinity @Ronin_Network $620M hack a thread 🧵 👇
@AxieInfinity @Ronin_Network 2 Sadly, this is a very large amount of ETH. So doing a reversal on Ronin and creating "Ronin Classic" as was done during the DAO hack is not an option.
3 This was about bridging validators, so the attack was in that respect similar to the Wormhole hack. Again, Vitalik warned us. All chains experience all other chains as off-chain.
Read 18 tweets
Feb 24, 2022
1 If you are launching a token take note: Silicon Valley standard for vesting is 1 year cliff 4 year vesting. A thread 🧵 aka rant.
2 According to superfoundersbook.com it takes some years to build a unicorn or larger company/project. Chart below.
3 When I see your short vesting, I need to understand then why you think you will be faster than the average. But more importantly, why take on the retention risk?
Read 9 tweets
Feb 23, 2022
1 here's my episode on ConstitutionDAO. Which comes with a bit of a musing on the longevity of DAOs 👎 thread below 🧵
2 ConstitutionDAO was a hardened coordination point for one purpose only--to buy the US Constitution. And after that it kind of naturally dissipated
3 the "mindset" of the modern corporation has always been "live forever, grow forever"
Read 9 tweets
Nov 12, 2021
1 Play-to-Earn economy design, a primer
2 Lots of people ask me about economy design for their P2E games. I have seen hundreds of designs
3 One very very common mistake--they outsource the economy design to a fancy consultant.
Read 32 tweets
Jun 23, 2021
this is the future of blockchain gaming.
Investing in individual game titles or studios is very very very difficult. Investing in governance over the player base means you don't have to pick the one hit game to have a winning investment.
This exact theory is why @GumiCryptos led an early round into @opensea because we feel they will be a horizontal winner with a huge addressable market
Read 17 tweets
May 23, 2021
1 Ok we are in this part of the cycle again: Bitcoin's problems run deeper than its volatility pitchbook.com/news/articles/…
2 The article opens by saying HODL stands for "Hold On For Dear Life" so immediately screaming "I don't know what the hell I'm talking about and haven't studied it very much but I'm happy to pile on"
3 The headline says that volatility is a "problem" Bitcoin gets attention by alternating between being a rocketship and a monster. The volatility is a feature not a "problem"
Read 6 tweets

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