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Feb 1, 2022

Former Valve economist calls Facebook’s metaverse ‘a Steam-like digital economy’ with Zuckerberg as its ‘techno-lord’

Posted by in categories: blockchains, economics, finance, surveillance

Yanis Varoufakis also discussed “pay-to-earn” and the blockchain’s long-term consequences.


Former Greek Finance Minister and one-time in-house economist at Valve, Yanis Varoufakis, gave a long and freewheeling interview to the website, the Crypto Syllabus, focusing on the blockchain, its potential and disappointments, and where it sits in the larger context of politics, surveillance, and economics.

Of particular note to PC Gamer readers is his description of his time with Valve. Varoufakis had access to Valve’s data on Steam’s nascent player-to-player marketplace in the early 2010s, which he used to advise the company and his own economics research. Describing Valve’s initial pitch to him, Varoufakis said:

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