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.