What is Cryptoeconomics?
Well, according to Vitalik, Cryptoeconomics is a system that has a certain set of properties. Now, this system is a decentralized system, powered by many, and it was designed in such a way to store vast quantities of historical information. This system was also designed to economically incentivise participants in the system all by using Cryptography principles. Pretty neat!
But in order to understand truly the concept of cryptoeconomics, you fundamentally need to understand the concept of money. This video below clearly discusses how money is really just a system of exchange, and that it has been created specifically for a purpose, a system of exchange. Money as a concept is extremely useful, simple and just works.
