Are cyoptoeconomics changing economic theory?

[highperspective]

What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?

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[Hydrogen]

Economic theory has to be at an all time low in quality of pop culture views on the topic and flawed frameworks like trickle down economics having mainstream acceptance. The concept of interest rates having a powerful affect on economies is a view which caters exclusively to corporations and one percenters if even that. Consumerism, corporatism and profiteering drive the majority of economic analysis.

There isn't much objective or independent analysis. There's a tendency for anyone who speaks the truth or who tries to think for themselves being branded conspiracy theorists and ignored. Can bitcoin make a difference? In the united states, polls say 2% of americans have used crypto. I think crypto would need a higher percentage of users worldwide to have an affect.

[The_Dark_Knight]

What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?

Bitcoin is in fact based on very old concepts that is why some people call it digital gold, bitcoin is based on the same principles that have worked for a very long time, what it is happening is that the current economy theory is divorced from reality and we are beginning to see the effects on the economies of the world, so while bitcoin is a cutting edge technology at the same time we are just going back to what we know it works.

[DualScience]

What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?

No, not really. Futures have already "digitalized" all kinds of assets, so this is not new. Other things such as supply, demand, rational human behaviour and greed - it's all there.

[Murloc]

Depends on what you are talking about. Generaly everything in cryptomarket repeats the usual economics on the simple level (for example supply and demand works the same way). But if you are also talking about different schools of economical thought (keykesians, austrians etc.) then they cover more aspects than just a currencies.

[Granxis]

What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?

There is nothing to be scared, the economy will not be affected by it, the economist who has received the Nobel Prize(i forget his name) predicted BTC 10 years ago, but the name was not btc. Just as an idea.

[davis196]

What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?

Tokens are just digital "stocks" that aren`t regulated by any administration (sooner or later this will have to change).There`s no need to "rethink" value.The consept of value is the same from 1000 years and it doesn`t matter if it`d virtual goods or physical goods or services.
Cryptocurrencies are changing the economy,not the economic theory.

[buxlover]

Well in the world where it is moving lighting fast I guess there is really need to reshape the economic development. I mean for how long we will keep the sustenance of the traditional ways of banking or financial management. It may not work in the world where things are costlier than to breath with ease! I mean crypto currencies are like hope to us who is providing all new sets of possibilities to change the way we transact, manage the money, mange the time with economic development and much more. The way unemployment has seen the new hope from the bitcoin is just amazing and it is changing the way people live and earn. This probably is going to advance the cryptoeconomy branch.

[Ilegendph]

No, it does not change economic theory but in fact follows it and it is not something new because modernization is what a country wants to achieve. Maybe there will be changes in monetary sector and how assets would be trade in the near future because of blockchain technology.

[A1exander]

Bitcoin will change neither economic theories nor economic system. There may be may be voices that it is something completely new and unprecedented, but they are wrong.

[patt0]

What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?

Well I don't think the innovation of bitcoin is the fact that it's a digitalize asset. We have a lot of assets that are now digitalize, in fact Futures and ETFs offer just that. Unless you are saying that Bitcoin was already born as a digitalize asset, but for me that just represents innovation, and it's not really changing economic theory. In fact BTC is ruled by free market rules, and supply and demand ratio, and that is just "traditional" economic theory, so nothing new here.

[hatshepsut93]

What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?

Tokenization is not really that revolutionary, as digitalization of assets in centralized manner has been done for years already. But what is revolutionary in cryptoeconomics is the fact that those systems are working completely without any central organ. Even economists from Austrian school didn't predict that there will ever be decentralized money - they were advocating for money issued by private parties. Bitcoin would also interest those who study game theory, because game theory lies in its foundation. Right now we see that some economists call Bitcoin a bubble because they've been living in a world of stocks and assets for their whole life, so they refuse to understand how Bitcoin can have any value if its not creating any profit. So, we'll definitely see some additions to economic theory that will study Bitcoin - the only question is if they would eventually get accepted into mainstream or not.

[Erkallys]

I do not think that crypto-currencies are changing anything in that field. It just makes more visibles things that were mostly kept secret by the people at power in the World. Rules such as offer and demand could not be more true in Bitcoin for example.

[Sophiea]

I think yes because if bitcoin will publicly introduce globally it will change the economic theory because as we using monetize money maybe it will change to digital and high technology  process.

[btc-facebook]

Well IMO they are different things and it can't be compare with fiat. Cryptocurrency become the first kind of it's type so they are the first born and unique. That's why more people or company become interest of this cryptocurrency and for the future, there will be more demand for this currency !

[Aikidoka]

I think yes because if bitcoin will publicly introduce globally it will change the economic theory because as we using monetize money maybe it will change to digital and high technology  process.

Perhaps what you said is logical and can be done. But I have another opinion. What if the government does not allow bitcoin to be accepted? It just wants to keep its traditional way in position. It just does not want to get rid of its old system because it might think it will bring it trouble.

So there will be a rise of anti-governmental currents and war will take place. People who support cryptocurrency versus people who are with the government. It is quite scary if you ask me. I hope none of the mentioned above happens.

[preikaler]

maybe I think cryptocurrency follows every current made by the existing economy in the world for now. and will certainly follow the timescapacity and provide an option to provide comfort in transacting. but that does not change any economic theory.

[webtricks]

What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?

I am not sure if cryptocurrencies are really gonna have impact on economy as whole but it will surely gonna revolutionize Investment Market. The traditional returns from shares and stocks is old play for radical Crypto Investors now. They are urging for x2 in just one day and ready to lose amount for it.
I think big companies will soon launch their own coins and enter crypto market. It is win-to-win situation for both, companies in form of additional capital with zero liability whereas for investors, tokens backed by strong project.
Share Market is already turned in arena of regulations.

[50ouncebrew]

What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?

There is no doubt in my mind that economics is changing significantly as a result of the emergence of cryptocurrencies. All theory we had ever known up to 2010 was only about Gold, fiat, and such things and never considered the implications of peer-to-peer transnational systems which do not have middlemen and also are deflationary as opposed to inflationary (old model theory). With that said, it will take many decades until we know the full implications of this new technology on economic theory.

[mOgliE]

Hi,

Crypto-currencies are definitely a huge challenge for economists and economic theories.

In most theories, the basis is about "pure and perfect" market and competition. This cannot be true for bitcoin! Plus, the bitcoin can be created only in limited quantity. So people/governments and so on can no longer play with it, creating or destroying bills and coins, in order to make its value change.

Business schools are, sadly enough, far from questonning these issues for the moment but it would truly be an interesting matter!