Below are step-by-step instructions detailing how to bake $BREAD- the digital local currency and core funding mechanism of Breadchain- and use it to begin crowdstaking on behalf of the network. You can learn more about how the application works under the hood here. Additionally, if you prefer, you can watch this video to see a demonstration of the application in action.

One of the major problems with our economy today is that the needs of working people are subordinated to the pursuit of profit. Within blockchain-based governance mechanisms, standard token voting practices rely on the neoliberal notion of “voting with your dollar.” Like the capitalist market, this means wealthy investors can simply purchase large amounts of tokens on the market in order to hoard voting power. This system allows these capitalist robber barons, or “whales” to greatly influence the outcome of proposals submitted on “decentralized” applications. In other words, financial power becomes directly correlated with political power.

How can revolutionary change be achieved today? Many web3 evangelists will tell you that the tools now at our disposal hold the answer. However, much of the web3 landscape is shaping up to look a lot like what we’ve seen before.

There is no denying that web3 has been heavily influenced by capitalist logic (ie, profit maximization, rent-seeking, etc.). Because of this, there’s an overwhelming bias that blockchains are a hyper-individualistic technical media dependent on financial speculation - but this is not what blockchains really are. They can more accurately be seen as permissionless networks of computers and users that collaborate with one another around a distributed database of economic information by reaching consensus. In this light, blockchains are more like platforms for economic cooperation of which many types of partnerships are possible.