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This article, "Rethinking Cryptoeconomics: A Post-Capitalist Critique of Tokenomics," examines the capitalist foundations of current blockchain and digital token practices, arguing that they prioritize profit over communal benefits and sustainable growth. It critiques the widespread adoption of ERC token standards like ERC-20, ERC-721, ERC-1155, and ERC-4626 for fostering a market-driven approach to digital assets, leading to speculation, inequality, and the commodification of both digital and real-world assets. The author calls for a reevaluation of these standards from a post-capitalist perspective, advocating for equity, communal governance, utility, and sustainability in the blockchain ecosystem. The article also discusses the restaking model and its implications for centralizing power among wealthy token holders, potentially undermining the democratization ethos of blockchain. Additionally, it critiques the trend of real-world asset tokenization for exacerbating inequality and commodifying essential resources and cultural assets. The conclusion urges a pivot towards a post-capitalist paradigm in blockchain technology, emphasizing communal well-being, equitable access, and sustainable practices.

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