How in the world is anyone meant to derive the "real" value of a crypto token? Especially in THIS market??
I spoke to Vasily Sumanov, founder of Valueverse and inventor of the Token Value Capture Mechanism Framework to share how he sees it. Valueverse is a utility-centric token tracker that helps you understand the demand-side pressures for token value. Part of the neoliberal ideological turn which has also continued into crypto token releases is an over-focus on supply side economics (problematic).
We discussed token engineering as a discipline in need of an improvement, the most common mistakes people make when designing tokens, and how the VCM framework helps cut through the noise. While I'm no crypto trader and I suspect some may be surprised by an episode like this from me, I do believe that the framework is incredibly useful.
I was also very impressed by the page published by Valueverse of BREAD, the post-capitalist token for Breadchain Cooperative which I co-founded. The page is super useful for people to understand the tokenomics behind the project.
If you liked the podcast be sure to give it a review on your preferred podcast platform. If you find content like this important consider donating to my Patreon starting at just $3 per month. It takes quite a lot of my time and resources so any amount helps. Follow me on Twitter (@TBSocialist) or Mastodon (@theblockchainsocialist@social.coop) and join the r/CryptoLeftists subreddit and Discord to join the discussion.
Send me your questions or comments about the show and I'll read them out sometime.
ICYMI I've written a book about, no surprise, blockchains through a left political framework! The title is Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It and is being published through Repeater Books, the publishing house started by Mark Fisher who’s work influenced me a lot in my thinking.
The book is officially published and you use this linktree to find where you can purchase the book based on your region / country.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
NFL Daily with Gregg Rosenthal
Gregg Rosenthal and a rotating crew of elite NFL Media co-hosts, including Patrick Claybon, Colleen Wolfe, Steve Wyche, Nick Shook and Jourdan Rodrigue of The Athletic get you caught up daily on all the NFL news and analysis you need to be smarter and funnier than your friends.