Tokens are the best kind of ownership there is, and the timing couldn’t be better!
This is second of two post series, on why tokens will disrupt all form of ownership (moneys, assets etc). The first post focusses on “why tokens will disrupt all form of software (work )” as we know it.
Token gold rush is here, and it is proving to be a potent funding mechanism for software development.
“Ah, most of these software projects are vaporware. I won’t touch any token ever”
Nope you will! In fact, in near future all you’ll have are just tokens.
To understand where we are heading, let us rewind and relook at how it all started. The birth of money and assets, the logic of violence, liquidity & cryptography and the token revolution. And then later on what does ownership mean for an individual and an organisation and where its heading to.
Money, Assets, Inventions, and Institutions
Homo Sapiens were hunter-gatherers. Then hundred thousand years later, they settled and started farming. From hardly owning anything, we started being defined by what we own. The land was one of the first assets. To solve the problem of exchange of produce, we invented Currency and Debt (or delayed Barter).
- Currency — I owe X one silver of wheat and I owe Y three silvers for rooster
- Debt – I owe X a bushel of wheat and I owe Y a rooster from last year
Then came Markets, Civilization, Religion, Monarchs and present Nation-States. All forged from the logic of violence. A short summary is in order (unless you plan to read the complete book — The Sovereign Individual)