In this wide-ranging conversation, the Token Economy newsletter coauthor Stefano Bernardi talks about fully digital security tokens -- security tokens with no relation to real world securities like companies and real estate, but that represent securities from DAOs and other purely crypto entities. He also discusses a new evolution in cryptoeconomics -- multiple-token economies that utilize different tokens to incentivize various behaviors on a network. For instance, one system might have a security token for accredited investors and a utility token for users. Stefano also explains why he thinks personal data monetization projects won't take off, and at the end, we dive into the question of how DAOs and blockchain technology might lead to a less capitalist world. Thank you to our sponsors! Onramp: http://www.thinkonramp.com Quantstamp: https://quantstamp.com Links from the show: Stefano: https://twitter.com/stefanobernardi Token Economy: https://tokeneconomy.co/ World After Capital: http://worldaftercapital.org/ Failure of the old-world corporation: https://tokeneconomy.co/token-economy-35-the-failure-of-the-old-world-corporation-35ac2312eced The Zero-Cost Marginal Society: https://www.amazon.com/Zero-Marginal-Cost-Society-Collaborative/dp/1137278463/