Glossary

Definitions are not totalistic and solely express the Ruled Power's view.
It simplifies economics by targeting a singular issue underpinning others.

• Allocation: valued prioritization by price systems among agents.

• Consensus is an active aggregation of one-to-one agreements.
  They commit bilateral changes departing from the majority opinion.
  A consensus disagrees on the current state but agrees on the direction.

• Doer is the executive governance of the Ruled Power.

• DLT: Decentralized Ledger Technology, most often a blockchain.

• economy: generic definition, with lowercase initial;
  ruled power concerned with the allocation of resources.

• Economy: with uppercase initial;
  economies where the rules of trade are centralized.

• Ecosystem is a superset of systems which can sway a common utility.
  A system of subsystems is an ecosystem.

• Institution is a product engineered to govern with protocols.

• Law Programming Interface: see LPI acronym below.

• LPI: Application Programming Interface (API) for smart contracts.
  It is a specialized API provided by Doer where Maker rules governance.

• Maker is the legislative governance of the Ruled Power.

• Organization is an agency of actors.

• Power is the ability to act on an intent via rights or resources.

• Price System is an exchange protocol.

• Protocol is a system of rules.

• Resources are means of a utility.

• Rule of Law is the User power in a judiciary or trading system.

• Ruled Power is a ruling and regulated power;
  a tripartite ecosystem of checks and balances between Doer, Maker & User.

• Rules regulate a utility.

• Smart contract is a self-executing rule integrating governance.
  It is defined by Maker through Doer's Law Programming Interface.

• Token is the protocol share of a jurisdiction.

• Tokenomy: economies where the rules of trade are decentralized.

• tokenomy: same as Tokenomy.

• Tripartite: ensemble of knowledge, governance & regulation systems.

• Trust is an implicit peer-to-peer contract.
  It asks for undetermined and deferred exchange against a resource grant;
  which gives rise to a shared and synergized power.

• User power is the regulated power of the Ruled Power.

• Utility is the value of a resource designed for use.

Evolutive concepts are explored throughout this manifesto on Tokenomics.
They are best understood with different perspectives, including your own.