3min chapter

The Blockchain Socialist cover image

OTNS: Critiques and Alternatives from a Former Professional Libertarian

The Blockchain Socialist

CHAPTER

Blockchain as an Institutional Time System

Namco is working with Jason and Atahamaiti on like this blockchain as a new type of institutional time system. It fits the criteria of institutions within the institutional economics literature that we work, which is that it reduces the cost of trust to manage opportunistic behavior. The thing that I think is actually very difficult for us to manage is to come back to my earlier point, thinking about how states, traditional states, how they exercise power.

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