Matt Levine’s Money Stuff: Wash Your Meebits in Web3

Web3 economics

Here’s a trade.

1. You start a business. Let’s say it’s a platform business, where you connect buyers and sellers of something. You connect people who want to rent out their cars or their houses and people who want to use them, or you run an exchange to connect buyers and sellers of stock or art or Beanie Babies.

• 2. Your platform charges a fee. Say you charge 2% of the value of each transaction for yourself.

• 3. You start doing some transactions with yourself. You list your house on the platform and then rent it from yourself, you ...