In today’s episode of Economy 2.0, host Josh Sidman is joined by George Lovegrove.
Mr. Lovegrove is a software developer and Web3 proponent. He is the Founder of the Web3 Association, an organization that writes about cryptocurrencies and contributionism. George believes the best way to reduce the shortcomings of the current fiat-currency-based monetary system is to improve the incentives and governance models around cryptocurrencies. He has extensive experience as a software developer, working at places such as Amazon, Dyzio, and Good Innovation. George earned his bachelor’s degree in Information Technology in Organizations from the University of Southampton.
George discussed demurrage, a fee paid for owning an asset for an extended period of time. He believes that demurrage incentivizes people to allocate assets in a more socially efficient manner.