How to sustain an economy of nonfungible resources such as land assets, domain names, or social ranks? What are the optimal parameters with demand-based recurring fees or single land value tax as radical solutions? Can price, tax and rent be FAIR to all 3-body of owner, renter and stakers?
Harmony’s goal is develop economics games that are fully onchain and sustainable for more than 100K users and $100M assets in years. Our focus is building a platform-native marketplace for domain names with .country (Internet Top-Level Domain, TLD, with native Web2 integration), music creator NFT with merchandises, and onchain board games with lands.
Fair Price, Tax and Rent
We propose the “3-Body Fairness” Problem on Nonfungible (Tokens, NFT)
- OWNER (landlord, host, holder, bearer, master, possessor, proprietor, licensee, mayor, incumbent | developer, capitalist)
- pay price (buy at sales, perform transaction, invest in development)
- pay tax (periodic fees to stakers)
- earn income (utility, revenue, investment value)
- RENTER (tenant, leasee, guest, user, roomer, occupant, lodger, dweller)
- pay rent (periodic fees to owner, gas)
- earn usage (timeslot, depreciable, depletable, degradable, perishable)
- STAKER (voter, citizen, community, DAO, native | settler, local, resident, national, inhabitant, denizen, public, common | followers, likers, investors, speculators)
- pay time (one-time deposit to owner, time-lock assets, risk-free deposit, mine transaction hashes)
- pay locality (born to land, move to neighborhood)
- earn interests (block reward, common resources, governance rights, basic income, social welfare, inflation hedge)
2022Q4: Uniform Scaling, Social Wallets & Fair Prices
This talk during San Francisco Blockchain Week covers Harmony on 1. uniform scaling at 500 tx/sec per shard, 2. social wallets with One-Time-Password (OTP), and 3. economics games & fair prices for NFT markets.
Why poverty accompanies economic and technological progress? Why economies exhibit a tendency toward cyclical boom and bust? Let’s use history and deductive logic to argue for a radical solution – focusing on the capture of economic rent from natural resource and land titles. Henry George’s Progress and Poverty
- Nonfungible tokens: space, time, name, rank, social, rarity.
- Topological games: Contagion, Tickets to Ride, Monopoly.
- PRICE: allocative efficiency (radical markets: encourage sales, discourage hoarding; mechanism design: disclose preference, incentivize transactions) – versus investment efficiency
- RENT (fee, gas): …?
Should there be demand-based recurring fees on ENS domains?
Fortunately, ENS charges not just a one-time fee to register a domain, but also a recurring annual fee to maintain it. Not all decentralized domain name systems had the foresight to implement this; Unstoppable Domains did not, and even goes so far as to proudly advertise its preference for short-term consumer appeal over long-term sustainability (" No renewal fees ever!").
How to handle land value tax in online games and virtual worlds
If you are designing a multiplayer game with a "digital land economy," especially one that involves significant investment of time or money by players, you might be headed for a problem.
Unblocking On-Chain Games: Part Two - The 18xx Genre
This is Part Two of a series exploring constraints at the intersection of blockchains and games. The objects of inquiry are " About me: I'm a core contributor to The Context for 18xx Alliance DAO , a startup accelerator and founder community. I'm a co-founder of (Dark Forest DAO), a group of on-chain game builders.
Everybody works but the vacant lot. I paid $3600 for this lot and will hold 'till I get $6000. The profit is unearned increment made possible by the presence of this community and enterprise of its people. I take the profit without earning it. for the remedy read Henry George.
- Partial Common Ownership (PCO)
- Common Ownership Self-Assessed Tax (COST)
- Self-Assessed Licenses Sold at Auction (SALSA)
Book | Land Is a Big Deal
Publication Date: October 15, 2022 Available as Book, eBook, and Audio Book. Choices available on the publisher's order page: NOTE: International shipping isn't great right now. 30 days after publication we'll have a better option. Until then international customers who can't pay current shipping prices might prefer the audiobook or eBook.
The Space brings blockchain technologies, Radical Markets theories, co-creation pixel map, and DAO together, to extend their common fundamental ideas: decentralized common sense. The Space | World’s First NFT Pixel Art Game in Radical Markets
By introducing a property market to stimulate profit-driven behaviors, Harberger Tax to ensure efficient pixel trading, UBI to redistribute capital, and SpaceDAO to encourage democracy, we designed the creation dynamics in The Space to be self-sustainable and able to be revived again and again to endure the erosion of time.
SpaceDAO determines a series of economic parameters such as the Harberger Tax rate, UBI ratio, or the canvas size, as well as the use of the Community Fund.
… the essay Property Is Only Another Name for Monopoly. Harberger Tax is designed to efficiently distribute public resources. It adopts market principles with partial common ownership so that the market can be both fair and efficient. In a market ruled by Harberger Tax, the ownership of assets is fluid and stays longer in the hands of holders who can better utilize it to generate value.
- People can set any price for their own assets, as well as pay the property tax proportional to the set price.
- Anyone can buy an asset from the owner at any time (without consensus), as long as the bid price is higher than the set price.
The temporary owners of the asset need to actively set the price of the asset by considering the asset’s capacity for tax-paying and value-creating. They need to set a higher price for the asset and thus pay the higher cost if they hope to hold the asset for longer and lower the risk of it being bought by other participants in the market.
During a test launch in March, fifty Taiwanese artists co-created on The Space and their final artwork was minted as NFT on akaSwap.
Artist royalties, decentralized network assets, and other bottom-up community creations don’t require taxes but might benefit from the Harberger-style mechanism to manage scarcity and better reward value creation. These things aren’t evil or coercive and can fly under the banner of SALSA (Self-Assessed Licenses Sold at Auction), plural ownership, depreciating licenses, etc.
“When the Great Way prevails, the World belongs to everyone (大道之行也，天下为公).” from "The Space is the World's First Large-Scale NFT Pixel Art Game Governed by Radical Markets
Harberger Taxes can be Crypto's Sustainable Business Model
Harberger taxes, or "partial common ownership" as Eric Posner and Glen Weyl call it in "Radical Markets," is an ideal business model for decentralized autonomous organizations (short: DAO). As it connects a mandatory non-zero percentage fee as a fundamental incentive mechanisms for truthfully self-assessing property value a Harberger tax market: may provide a sustainable funding resource to the protocol developer; while Incentivizing all "partial common" owners to truthfully self-assess property prices.
Introduction to The Space | The Space
When the great way prevails, the world community is shared by all. - First introduced and popularized by Glen Weyl and Eric Posner in Partial Common Ownership (PCO) is a type of ownership that could be fairer and more efficient than both private ownership in capitalism and common ownership in communism.
EIP-5320: Harberger Taxes NFT
I've been trying to find useful interfaces around implementing Harberger Taxes for NFTs that have maximal backward compatibility with EIP-721. Some of my work: My initial idea had been to use a Soulbound token bound to a smart contract as the base object that can then be harberger-taxed.
Harberger Tax Misconceptions
A running list of common misconceptions and criticisms of Harberger taxes (aka partial common ownership) with responses.
Partial Common Ownership Tokens (PCOT)
Private ownership grants a monopoly over property without requiring owners to compensate their communities for positive externalities resulting from the network (e.g. your BAYC increases in perceived value because Jimmy Fallon purchased one) and the negative externalities imposed on the community (e.g. a single property owner can drive up the cost of a public works project).
Property Is Only Another Name for Monopoly
Property rights of all sorts-in real estate, in shares of corporations, and in radio spectrum, to take three diverse examples-give the owner a monopoly over a resource. It is conventional to think that this monopoly is benign. It gives the owner an incentive to invest in improving the property because she receives the entire payoff from its use or sale.
What is Harberger Tax & Where Does The Blockchain Fit In?
Harberger Tax is an economic policy that aims to strike a balance between pure private ownership & total commons ownership in order to increase general welfare of society. It helps ensure that property is more productively utilised by the society, resulting in an increase of overall economic productivity and general welfare of society.
Digital Real Estate and the Digital Housing Crisis
The hot new trend these days is games featuring "digital real estate." I'm concerned these will lead to digital land speculation bubbles that will make players, developers, and investors alike lose stupid amounts of money.
Plural Property (also known as partial common ownership, COST, or SALSA) is a new way of managing assets that is fairer and more efficient than those under capitalism or communism. In Plural Property systems, assets belong to no one and everyone. An asset's current possessor must self-assess and declare its value.
Whereas most existing identity concepts are either centralized (with a small number of large, institutional credential providers), or individualistic (with self-authentication), Social Identity solutions are aimed at expanding the scope of possible credential verifiers to include a wider variety of authenticators.
Between Abundance and Scarcity
Matt Prewitt April 15, 2020 This dense piece is not an easy read. But it will be of interest to those looking to explore the deeper connections between voting reform and property reform, and the tension at the heart of capitalist democracies. In a democracy, every citizen possesses an equal share of the state's coercive power.
Norway, the Once and Future Georgist Kingdom
(Image CC BY-NC 2.0 by Christopher Michel) In which guest blogger Lars Doucet provides a translation of the article "Den nye oljen" [The new oil] by Anne Margrethe Brigham and Jonathon W. Moses. Translator's Preface Hi, my name's Lars Doucet and I'll be your guest blogger today here at SLIME MOLD TIME MOLD.
Singapore: Economic Prosperity through Innovative Land Policy
Singapore's founding mythology goes as follows. After the departure of the British Empire from Singapore and its expulsion from the Federation of Malaysia in 1965, the island nation faced a litany of challenges: a population with low literacy rates, living in kampong-style informal dwellings or crowded shophouses, with wide divisions across ethnic and political lines, under constant threat of military confrontation by large neighbouring states.
Resources | Game of Rent
Game of Rent The rent is far too high, and here's why Home Book Resources Podcasts Contribute Some resources on Georgism that I recommend Cooperative Individualism -large archive of Georgist material from authors throughout the centuries.
Home - Common Ground U.S.A.
Common Ground USA is an all-volunteer organization that promotes land value tax shifts, rent-sharing land trusts, and other commons-based approaches to social, environmental and economic issues.
… committed to reducing and replacing taxes on labor and capital. We propose to pay for essential government services by adequate taxation of the value of land and other natural resources. We also propose fees for pollution, resource extraction, and use of the public commons. We believe these changes will increase total wealth and equality of opportunity.
Technoeconomic Axes | The Network State
The internet increases variance. Digitization allows situations to be taken to their logical conclusion, instantly, even when that digital logic doesn't quite work in physical reality. This means things can flip from zero to one, without warning. An overnight success, ten seconds in the making. The only certainty is rising volatility.
Progress and Poverty by Henry George
Why there are recessions, and poverty amid plenty - what to do about it
Exclusive Q&A with Shayan Rostam, Global Director of Registry Operations for XYZ
While a website's quality is not related to the domain name attached to it, domain name as a brand - just like a company name - plays a crucial role in everything that involves a website. In the past, dot-coms are the best option for domain names. Well, not anymore.
Established one of the world’s leading gTLD registry operators with a leadership team of internet visionaries. Launched 10 new international domain endings, .including .xyz, and managed day-to-day business development, marketing, operations, and sales with 100+ international registrars and resellers. In less than 4 years, over 2 million domains were under management across 180+ registrars in 200+ countries and territories. High-profile registrants included Google (ABC.xyz), MIT (Engine.xyz), and HBO (Hooli.xyz). (Shayan Rostam)
Unblocking On-Chain Games: Part Three - The Dogfighter Genre
This is Part Three of a series exploring constraints at the intersection of blockchains and games. The objects of inquiry are " About me: I'm a core contributor to The Context for Dogfighters Alliance DAO , a startup accelerator and founder community. I'm a co-founder of (Dark Forest DAO), a group of on-chain game builders.
explored more of the game design space and added recurring monetization. On this last point, players would continue to buy new models, pilots and weapons cards. These would come out a couple times a year and enable players to re-shape their armadas. While I think this IRL structure of buying new collectibles to add more gameplay is awesome, and totally in line with what web 2.5 gaming wants to do with its NFTs, monetization…
Economic games encourage players to manage a system of production, distribution, trade, and/or consumption of goods. The games usually simulate a market in some way. The term is often used interchangeably with resource management games.
Cameo - Basketball
Get the Cameo app to view the latest content, DM your idols, share your Cameos + more. Just like that.
calendar timeslots? buy a creator nft, specific to a date for a 20-min audio call, speculatable and tradable..
contracts/ITheSpace.sol at develop · thematters/contracts
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters. Learn more about bidirectional Unicode characters You can't perform that action at this time. You signed in with another tab or window.
GitHub - rugpullindex/libharberger: A dapptools/foundry-ready library for charging Harberger taxes on partial common non-fungible property.
It has high test coverage and uses solmate's high-precision fixed-point number arithmetic. It implement's ERC721's Metadata interface extension but it's not an ERC721. Wallets can hence still load any property like an ERC721 but detect that transfers shall be disabled. Implementing Harberger taxes as "deprecating licenses," this library structurally minimizes gas costs for sales.
GitHub - rugpullindex/hdmap: Hdmap as in Harberger dmap
Hdmap as in Harberger dmap eip155:1/0x05fc018a6c0eecdd21bdaf598424ecd81f0fbf85 dmap.sol ┌────────────────────────────────────────────────┐ │ │ │ keys meta data │ │ │ │ 0x000...00 ───► 0xabc...00 ───► 0xcafecafe │ │ 0x000...01 │ │ ...
Ethereum Name Service (ENS)
GitHub - lensterxyz/lenster: Lenster is a decentralized, and permissionless social media app built with Lens Protocol 🌿
Decentralized, and permissionless social media app 🌿 Lenster is a decentralized and permissionless social media app built with Lens Protocol 🌿 For a place to have open discussions on features, voice your ideas, or get help with general questions please visit our community at Discord. We encourage you to contribute to Lenster!
GitHub - Fantom-foundation/Artion-Contracts: Smart contracts for Fantom Artion Marketplace
You can't perform that action at this time. You signed in with another tab or window. You signed out in another tab or window. Reload to refresh your session. Reload to refresh your session.
GitHub - sudoswap/lssvm: sudoAMM Protocol
An implementation of the AMM protocol described here. Liquidity providers use LSSVMPairFactory to deploy a modified minimal proxy LSSVMPair for a specific NFT collection. From there, the deployed pool maintains its own TOKEN/NFT inventory. Users can then call the various swap functions on the pool to trade TOKEN/NFTs.
Web3 Apps = Decentralized + Financialized + Nonfungible + Social + Cryptographic
🌳 Blue Forest (ZKProof strategy game) is a Play-to-Earn version of Dark Forest, which is gas-expensive even on Gnosis Chain (sometimes queuing up into weeks for a game turn). Also, Blue Forest allows tournament betting for cash prizes as well as for no-loss options. Zero-knowledge proofs, cryptographic primitives, and privacy.
The Space: World's First NFT Pixel Art Game Governed by Radical Markets
The Space is the first NFT pixel art game where players own, color, and trade pixels as ERC721 tokens under Harberger Tax and earn a Universal Basic Income.
This page is designed to be saved (as in "File > Save") and be usable even if DNS or this web host go offline or are compromised. You can also add it to ipfs, which is an easy way to monitor changes: wget -r dmap.sh && ipfs add dmap.sh -r --pin --cid-version=1 Your local ETH thin client and IPFS client are fundamental to securing your software supply chain.