The Three Pyramid Theory and the Token Economy
I used the "three-pyramid theory" to establish a sustainable distributed business economics model: how to expand the volume of the "three-pyramid" also determines the scale of wealth that the project can carry.
The bottom three sides of the three pyramids are static income, dynamic incentives and pipeline guarantee, and the apex is security and long-term. The height is determined by the bottom three sides, and the volume is determined by the vertices.
The question now is: can the token economy be represented by this model? I think it is possible.
We can use the three most important elements of the pass to form the bottom three sides of the three pyramids, which are certificate, pass, and value.
Certificates represent various endorsements, pass represents liquidity, value represents consensus value, and the apex represents the outlet and the development progress of the blockchain.
The height of the token economy is also determined by the bottom three edges, and the volume is also determined by the vertices.
What are the most important applications in the blockchain space? The earliest answer I gave was BTC, but now it seems that the most important application should be the token economy.
Token and blockchain are not one, but twin brothers, and the upper limit of development of both depends on the development speed of the other.
Today we don't talk about blockchain, we only talk about tokens. In my opinion, if tokens want to achieve good development, they must rely on the empowerment of blockchain for organizations, enterprises and governments.
In the process of digitalization of the market and upgrading of the network economy, the main role of tokens is to act as a transaction lubricant and catalyst, which can help open self-associations to accelerate their development.
However, when building a pass-through model, it usually causes a lot of controversy. The main reason is that it does not pay attention to the three most important elements of pass-through.
In my concept, the most important thing about digital currency is not its technical structure, but the identity and value behind it.
How much is the reputation of a century-old family worth? How much is the glory of the battlefield savior worth? How much is the persistence of sharing weal and woe worth?
This kind of "hidden value" that takes time and experience to settle is actually the prototype of the token, and the biggest role of the token is actually to exist as a "symbol of status".
This is also one of the most important elements of the certificate - certificate.
The existence of "evidence" is to be transformed into "value".
If a century-old family encounters difficulties and needs a capital turnover, they will naturally find a way to convert the family's century-old honor into funds that can tide over the difficulties.
After recovering, they will immediately repay the debt and use this practical action to defend the family's century-old reputation.
But in the new era, the gameplay is not so simple.
What to do when a century-old family in good standing runs into trouble? Borrow? This falls short. The best way to play is: go public.
But in the digital age, this traditional business logic has gradually become a bit outdated.
The digital age is dominated by distributed commerce, and its operating logic is completely opposite to that of traditional commerce: first construct a business scenario, issue a token that can be used in the scenario, agree on the token acquisition mode through smart contracts, and then According to the certificate acquisition status, the company's market share and market share are calculated, and then empowered through the blockchain.
How much is the reputation of a century-old family worth? This question should not be answered by the family patriarch or member, but by the person who purchased the family token.
In the distributed business logic, the future development path of the century-old family should be determined by many token owners, who will transform the family into a brand new community, rejuvenated in the digital age.
This kind of gameplay that breaks the boundaries of the organization and subverts the production relationship can add points to the "value" of the token to the greatest extent.
When the "certificate" has a "value", the remaining "communication" will be much easier to solve.
Before the rise of the blockchain, we heard about the points of international airlines and the Q coins of Tencent. These actually have a preliminary token model, but they cannot be "passed".
In other words, in the economic environment at that time, they were not allowed to "communicate".
With the birth of BTC and the development of ETH, how to "pass" the pass is no longer a problem.
I prefer to describe 2017 as "the inappropriate behavior of opening the windows and not adapting to the strong light". Now, we have obviously passed this stage and can "pass" in a more mature way.
The reason why the token economy is complex is because the three elements are combined, and there are too many emergencies that need to be considered;
The reason why the token economy is simple is that as long as the relationship between the three major elements can be understood, the token economy can quickly become popular among the public.
This is an economic ecosystem that claims to be a system, and it is still in the initial stage of exploration.
But I always firmly believe that the blockchain may abandon BTC, but it must not abandon tokens.
Whether it is social governance or business management, whether it is organizational autonomy or ecological purification, tokens are links that cannot be skipped.
