So in theory Axie is a state whose monetary policy (and tax rates) are determined through direct democracy — except of course it’s run like a corporation for the time being, with a single dominant shareholder. If nothing else, will be fascinating to see how the parameters evolve once/if governance does become more distributed
Agree. It will be interesting how the DAO gets organised when the levers to be pulled to make the metaeconomy work will increase in number and complexity; it is fascinating to feel the tone of Axie’s publication, they are really thinking to manage a nation here.
So in theory Axie is a state whose monetary policy (and tax rates) are determined through direct democracy — except of course it’s run like a corporation for the time being, with a single dominant shareholder. If nothing else, will be fascinating to see how the parameters evolve once/if governance does become more distributed
Agree. It will be interesting how the DAO gets organised when the levers to be pulled to make the metaeconomy work will increase in number and complexity; it is fascinating to feel the tone of Axie’s publication, they are really thinking to manage a nation here.