What do you own when you buy Apple on Base?
It looks and moves like stock brought on-chain. Legally, however, you own something more indirect.
Read the pieceHow crypto rails make money
Fees, issuance, staking, the difference between a chain and a company. Useful when the Weekly talks about who captures value.
Background noteThe stack, in plain English
Coins, DeFi, storage, DePINs. A map, not a recommendation.
Background noteOld market, new wrapper
Four side-by-sides of existing industries and their on-chain cousins. Dated in places. Still a useful shape.
Background noteBlockchain, if you need it
Blocks, consensus, smart contracts. Skip this if you already know. Keep it if a Sunday issue assumes it.
Background noteWays people get exposure
Coins, tokens, stocks, funds. Educational only. Not a buy list, and not the point of 3conomics.
Background noteGlossary
Load-bearing terms, searchable. The one archive page meant to be used in a hurry.
Open the glossaryOlder accounting and resources pages still resolve if you have the URL. They are no longer in the front of the house.