The term cryptoeconomics was coined by the Ethereum community during its formative years (2014-2015),[4] but was initially inspired by the application of economic incentives in the original Bitcoin protocol in 2008.[5] Although the phrase is typically attributed to Vitalik Buterin, the earliest public documented usage is a 2015 talk by Vlad Zamfir entitled “What is Cryptoeconomics?”.[6] Zamfir's view of cryptoeconomics is relatively broad and academic: "... a formal discipline that studies protocols that govern the production, distribution, and consumption of goods and services in a decentralized digital economy. Cryptoeconomics is a practical science that focuses on the design and characterization of these protocols". Alternatively, in a 2017 talk, Buterin's view is more narrow and pragmatic: “... a methodology for building systems that try to guarantee certain kinds of information security properties".[7]