'With programmable money, we can program our values into our money,' Owocki, founder of SuperModularxyz and Gitcoin, writes – discussing the rise of regenerative economics in Web3. Opinion for The Node newsletter.
that could be expressed as forms of capital. Beyond financial capital, there’s our social, material, living, intellectual, experiential, spiritual and cultural needs.With programmable money, we can program our values into our money. Crypto has it within itself to create systems equally as extractive and fragile as the existing financial system. When a degen trades, he’s playing a zero-sum game – the tokens leave his wallet and enter the counterparty’s wallet and visa-versa.
Many regens are former degens who took this journey during the last cycle, in 2017. And that’s partially why I’m so optimistic about the future of regenerative systems. There are thousands and thousands of people who are newer to crypto, who came into Web3 in the last year or so, and they are likely on step two of the journey now. They’ve made mistakes and learned from them, a base of knowledge that can serve for a more pragmatic approach to the next market cycle.
In this down cycle we have an opportunity to filter the noise from the signal and rediscover our purpose. Through decentralization and peer-to-peer technology we can build a more fair, just and less extractive financial system. We can bring more democratic, more organic financial tools to the masses.
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