How the Economics of Bitcoin and Ethereum Shape Their Cultures



Ethereum’s economics are an interesting contrast to bitcoin’s monetary minimalism. It is important to state, especially in today’s needlessly adversarial environment, that Ethereum is not primarily concerned with economics. Rather, Ethereum is first and foremost a distributed world computer with its own native currency. However, it can be imagined as a kind of home for the vast token economy built on top of it: DAOs, DeFi, NFTs (or decentralized autonomous organizations, decentralized finance and non-fungible tokens, respectively).


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