{"id":135064,"date":"2022-02-01T14:42:20","date_gmt":"2022-02-01T22:42:20","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/02\/former-valve-economist-calls-facebooks-metaverse-a-steam-like-digital-economy-with-zuckerberg-as-its-techno-lord"},"modified":"2022-02-01T14:42:20","modified_gmt":"2022-02-01T22:42:20","slug":"former-valve-economist-calls-facebooks-metaverse-a-steam-like-digital-economy-with-zuckerberg-as-its-techno-lord","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/02\/former-valve-economist-calls-facebooks-metaverse-a-steam-like-digital-economy-with-zuckerberg-as-its-techno-lord","title":{"rendered":"Former Valve economist calls Facebook\u2019s metaverse \u2018a Steam-like digital economy\u2019 with Zuckerberg as its \u2018techno-lord\u2019"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/former-valve-economist-calls-facebooks-metaverse-a-steam-like-digital-economy-with-zuckerberg-as-its-techno-lord2.jpg\"><\/a><\/p>\n<p>Yanis Varoufakis also discussed \u201cpay-to-earn\u201d and the blockchain\u2019s long-term consequences.<\/p>\n<hr>\n<p>Former Greek Finance Minister and one-time in-house economist at Valve, Yanis Varoufakis, gave a <a href=\"https:\/\/the-crypto-syllabus.com\/yanis-varoufakis-on-techno-feudalism\/\">long and freewheeling interview<\/a> to the website, the <a href=\"https:\/\/the-crypto-syllabus.com\/\">Crypto Syllabus<\/a>, focusing on the blockchain, its potential and disappointments, and where it sits in the larger context of politics, surveillance, and economics.<\/p>\n<p>Of particular note to PC Gamer readers is his description of his time with Valve. Varoufakis had access to Valve\u2019s data on Steam\u2019s nascent player-to-player marketplace in the early 2010s, which he used to advise the company and his own economics research. Describing Valve\u2019s initial pitch to him, Varoufakis said:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yanis Varoufakis also discussed \u201cpay-to-earn\u201d and the blockchain\u2019s 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. [\u2026]<\/p>\n","protected":false},"author":525,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3818,39,45,1511],"tags":[],"class_list":["post-135064","post","type-post","status-publish","format-standard","hentry","category-blockchains","category-economics","category-finance","category-surveillance"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/135064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/525"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=135064"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/135064\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=135064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=135064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=135064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}