Cryptonetwork Governance as Capital — Placeholder
Capital is, in essence, the power to organize the economic resources of a social system , and its worth a function of how much of those resources can be directed to the holder’s benefit. This understanding reveals the inherent value of cryptonetwork governance as capital , and helps us understand
Capital is, in essence, the power to organize the economic resources of a social system , and its worth a function of how much of those resources can be directed to the holder’s benefit. This understanding reveals the inherent value of cryptonetwork governance as capital , and helps us understand tokens with governance rights as new kinds of capital assets. All forms of capital offer some kind of control over the distribution of economic resources across a group of people – in effect, governance over that pool of resources. Productive and human capital, for example, influence which goods and s
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