ETHPrague 2024

Death Economics: Why Crypto Can't Solve Social Problems
06-02, 14:38–14:46 (Europe/Prague), Leaf Stage

Money is not a store of value. It's a store of anti-value. Wars, ecological destruction, and inequality are direct results of the Economics of money. Cryptocurrencies say that they are doing social good, but are they?


If you think you're designing a crypto that will solve social and ecological problems, think again. Your crypto won't solve the problem you wish it would. This is because the destruction of the planet and erosion of culture are only "side effects" of the economy because we put the word "side" before the word "effect". We are brainwashed to believe that the "invisible hand" in a death economy will provide a fair market value for things, despite all evidence to the contrary. Don't believe the death cult. Cure the mind virus in this quick talk that will help you redesign currency in a way that is aligned with creating real value in the world.

Grace Rachmany is one of the leaders in the areas of new economic models, digital democracy, tokenomics, blockchain governance and distributed technology. She currently serves on the Supervisory Council for the SingularityNet DAO and as the lead specifications creator for tomi.com DAO. Grace is an expert in practicalities of how to lead a decentralized/distributed organization, having worked with hundreds of organizations in the blockchain space. Her background in technology leadership, innovation, and marketing spans 35 years. Grace provides workshops and consulting services for DAOs through DAO Leadership and The Design School for Regenerating the Earth.

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