Radical Market Theory

Web3, along with cryptocurrencies represented by Bitcoin, heralds a significant revolution across multiple domains, with its inception and focal point always being the financial system. Bitcoin disrupted the old fiat system centered around central banks, opposing privilege within the monetary system and advocating for a financial system rooted in freedom and equality. Early proponents of cryptocurrency included many radical supporters of the Austrian School and anarchists, with Ethereum's founder, Vitalik Buterin, supporting radical economic and social systemic reforms. Vitalik wrote the foreword for "Radical Markets," emphasizing the crypto movement's original intent to explore better societal models.

Radical Markets aims to transcend the left-right dichotomy by advocating for the complete marketization of property through mechanisms like the Harberger Tax, promoting the full circulation and fair valuation of all resources. While this design may not be perfect, it is worthy of consideration as a direction for exploration and experimentation. The cyberspace, especially the blockchain world, could provide fertile ground for the practical application of "Radical Markets" ideas.

Before establishing "Radical Markets" universally in the real world, constructing "Radical Game Worlds" might offer a way to pioneer. Within the wave of cryptocurrency, we should embrace transparent, fair market mechanisms, exploring and implementing new proposals that could make the world a better place.