Peerplays Tutorials, 17 Mar 2022

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From YouTube: Humanomics

Description

What is Humanomics? 😁👇 In this video, we go over the difference between humanomics and economics.
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Peerplays President Jonathan Baha'i goes over how Peerplays is incorporating the concept of humanomics and how blockchain tech is enabling humans to provide more value to the world.

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A

Everyone understands economics, economics are about uh financial systems, material, uh material inputs and things like that. It's not uh some. It's a thing that everyone's familiar with it's how the world has always worked.

A

We look at the monetary values of things, and those are the things are the only things that have value and that are considered to be what matters right, as things have evolved over the years now that we have technology to be able to help us be able to take more into account with what people do, what people can offer and also with concepts that blockchain has been able to pioneer more, for example, the concept of attention right.

A

So attention is a type of uh uh a currency now right uh and that's thanked, and that's and thanks largely to the project, with um brave browser right with the basic attention. Token bat right, so that that was an interesting uh experiment in how to monetize the attention of people and how the value of that is being get is, is being able to be translated into economic power.

A

And then you have other projects like hive, for example, that has been able to do the same sort of thing where it's the monetization of attention, so through using these technologies, we can be able to have it so that we're better aligned in terms of uh being able to capture these values of human input into what they're doing to provide value to the economy, and this is something that is more aligned so that there's a so that you end up with a system that doesn't only account for the value that is translated.

A

It doesn't only account for only monetary value but accounts for human value, and so we call this humanomics okay. uh This is a term that we've we've coined in terms of and given its own definition, which, as it applies to pure plays. So what this largely has to do with is how how things work and what kind of system is this is this are. Are these sorry? What kind of system?

A

Sorry, let me rewind? What kind of systems are we going to have that are going to support human endeavor, or are they going to support economic endeavor?

A

So with the systems and peer plays because we use human input as part of the consensus we're able to ensure that the systems we have end up being something that not only feels more aligned to how how humans uh interact but allows us to be able to gain more value in everything we do so take.

A

For example, uh what I just talked about with basic attention: uh basic attention uh in using different kinds of products, but then there's also the possibility of us being able to capture more micro transactions of the everyday things that people do. If we can incorporate humanomics into nfts, then there's going to be possibilities where creative works and other types of content are then going to become these microgenerators of value.

A

That people are going to use just being able to take all the things that make us all the things that people use uh or not just what they use, what they game with uh what they, what they work with, what they play with uh all the assets in terms of real estate.

A

If you are able to take them all and then consider the human input to them and put it into a single system, you end up. You end up with a system where you're accounting for the value of someone as a whole, rather than just the economic, unique economic unit, but what we're doing with pureplays is we're making it so that this is optimized right, whereas no other blockchains are optimizing for this, rather than uh optimizing for humanomics they're optimizing for economics and what this is doing is replicating the existing networks that exist today.

A

You're looking at some people say finance 2.0, but the problem is: is that? Well, you just end up replicating all the same design issues that exist in the world today. So how is that any better right? How is that going to solve the problems that people have with the current system? It's kind of like taking everything. That's already out there and flapping a blockchain on it. You're not really gonna, like you know, you're just gonna end up arriving at the same destination that everything else is already done.

A

So, where you create a human input to create consensus uh system, you end up creating a system that allows for uh no longer no allows for everybody to have the input that we talked about with proof of pulse but they're going to make it so that you don't end up in a situation where it becomes uh nothing but being controlled by an elite few and that's ultimately, what financial systems are designed to do. So, that's what ends up happening.